NASDAQ:SBGI Sinclair Broadcast Group (SBGI) Stock Forecast, Price & News $14.84 -0.26 (-1.72%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$14.80▼$15.7950-Day Range$14.84▼$20.8652-Week Range$12.64▼$25.79Volume818,382 shsAverage Volume692,281 shsMarket Capitalization$935.51 millionP/E Ratio4.15Dividend Yield6.74%Price Target$24.17 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Sinclair Broadcast Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside62.8% Upside$24.17 Price TargetShort InterestBearish10.91% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.62Upright™ Environmental ScoreNews Sentiment0.74Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth84.73%From $2.75 to $5.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.85 out of 5 starsConsumer Discretionary Sector31st out of 269 stocksTelevision Broadcasting Stations Industry5th out of 14 stocks 3.0 Analyst's Opinion Consensus RatingSinclair Broadcast Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.17, Sinclair Broadcast Group has a forecasted upside of 62.8% from its current price of $14.84.Amount of Analyst CoverageSinclair Broadcast Group has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.91% of the float of Sinclair Broadcast Group has been sold short.Short Interest Ratio / Days to CoverSinclair Broadcast Group has a short interest ratio ("days to cover") of 4.3.Change versus previous month Previous Next 3.3 Dividend Strength Dividend LeadershipSinclair Broadcast Group is a leading dividend payer. It pays a dividend yield of 6.74%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSinclair Broadcast Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Sinclair Broadcast Group is 27.93%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 19.69% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSinclair Broadcast Group has received a 34.37% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Broadcasting of world news television programs following principles of journalistic ethics", "Broadcasting of sports events", and "Broadcasting of movies and documentaries" products. See details.Environmental SustainabilityThe Environmental Impact score for Sinclair Broadcast Group is -0.62. Previous Next 3.2 News and Social Media Coverage News SentimentSinclair Broadcast Group has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Sinclair Broadcast Group this week, compared to 5 articles on an average week.Search Interest5 people have searched for SBGI on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat Follows1 people have added Sinclair Broadcast Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sinclair Broadcast Group insiders have not sold or bought any company stock.Percentage Held by Insiders39.60% of the stock of Sinclair Broadcast Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions51.14% of the stock of Sinclair Broadcast Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Sinclair Broadcast Group are expected to grow by 84.73% in the coming year, from $2.75 to $5.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sinclair Broadcast Group is 4.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Sinclair Broadcast Group is 4.15, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 11.29.Price to Book Value per Share RatioSinclair Broadcast Group has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sinclair Broadcast Group (NASDAQ:SBGI) StockSinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.Read More Receive SBGI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sinclair Broadcast Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SBGI Stock News HeadlinesJune 3, 2023 | americanbankingnews.comSinclair Broadcast Group (NASDAQ:SBGI) Coverage Initiated at StockNews.comJune 1, 2023 | finance.yahoo.comSinclair Announces Closing of Holding Company ReorganizationJune 4, 2023 | Chaikin Analytics (Ad)Famous Wall Street Crash System Flashes REDHundreds of banks, hedge funds, and brokerages have paid $5,000 a month to access these alerts. Because when this system flashes on U.S. stocks, huge gains – and losses – can follow.May 26, 2023 | finance.yahoo.comThis Sinclair Broadcast Group Insider Increased Their Holding By 53% Last YearMay 26, 2023 | finance.yahoo.comThis Sinclair Broadcast Group Insider Increased Their Holding By 53% Last Year \May 26, 2023 | finance.yahoo.comSinclair cuts TV news teams as it moves away from broadcastMay 26, 2023 | finance.yahoo.comSinclair cuts local TV news teams as it moves away from broadcastMay 25, 2023 | americanbankingnews.comSinclair Broadcast Group (NASDAQ:SBGI) Coverage Initiated by Analysts at StockNews.comJune 4, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 24, 2023 | finance.yahoo.comSinclair Wins 23 RTDNA Regional Edward. R. Murrow AwardsMay 24, 2023 | finance.yahoo.comSinclair Approves Holding Company ReorganizationMay 24, 2023 | americanbankingnews.comSinclair Broadcast Group, Inc. (SBGI) to Issue Quarterly Dividend of $0.25 on June 15thMay 20, 2023 | americanbankingnews.comBrokerages Set Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) PT at $24.17May 19, 2023 | americanbankingnews.comSinclair Broadcast Group (NASDAQ:SBGI) Trading Up 5.6%May 18, 2023 | americanbankingnews.comSinclair Broadcast Group (NASDAQ:SBGI) Research Coverage Started at StockNews.comMay 16, 2023 | seekingalpha.comSinclair Broadcast: Laying The Groundwork To Unlock ValueMay 11, 2023 | marketwatch.com10-Q: SINCLAIR BROADCAST GROUP INCMay 11, 2023 | finance.yahoo.comSinclair Wins Three National Headliner AwardsMay 11, 2023 | americanbankingnews.comSinclair Broadcast Group (NASDAQ:SBGI) PT Lowered to $18.00May 9, 2023 | finance.yahoo.comComet, CHARGE! and TBD Acquire Key Series For 2023-24 Primetime LineupsMay 6, 2023 | finance.yahoo.comSinclair Broadcast Group's (NASDAQ:SBGI) Dividend Will Be $0.25May 5, 2023 | msn.comEF Hutton Maintains Sinclair Broadcast Group, Inc. - (SBGI) Buy RecommendationMay 5, 2023 | msn.comSinclair Broadcast Group, Inc. - (SBGI) Declares $0.25 DividendMay 4, 2023 | finance.yahoo.comBoasting A 32% Return On Equity, Is Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) A Top Quality Stock?May 4, 2023 | finance.yahoo.comQ1 2023 Sinclair Broadcast Group Inc Earnings CallMay 3, 2023 | finance.yahoo.comSinclair reports drop in revenue, profit as company prepares to shift focusMay 3, 2023 | msn.comSinclair (SBGI) Surpasses Q1 Earnings EstimatesSee More Headlines SBGI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SBGI Company Calendar Last Earnings11/02/2021Ex-Dividend for 3/17 Dividend3/02/2023Dividend Payable3/17/2023Ex-Dividend for 6/15 Dividend5/26/2023Today6/04/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Television broadcasting stations Sub-IndustryBroadcasting SectorConsumer Discretionary Current SymbolNASDAQ:SBGI CUSIP82922610 CIK912752 Webwww.sbgi.net Phone(410) 568-1500Fax410-568-1533Employees7,900Year Founded1986Price Target and Rating Average Stock Price Forecast$24.17 High Stock Price Forecast$50.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+62.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$3.58 Trailing P/E Ratio4.15 Forward P/E Ratio5.40 P/E GrowthN/ANet Income$2.65 billion Net Margins7.32% Pretax Margin8.79% Return on Equity39.37% Return on Assets4.20% Debt Debt-to-Equity Ratio5.08 Current Ratio2.39 Quick Ratio2.39 Sales & Book Value Annual Sales$3.93 billion Price / Sales0.24 Cash Flow$11.69 per share Price / Cash Flow1.27 Book Value$13.18 per share Price / Book1.13Miscellaneous Outstanding Shares63,040,000Free Float38,076,000Market Cap$935.51 million OptionableOptionable Beta1.43 Social Links Key ExecutivesChristopher Stewart RipleyPresident & Chief Executive OfficerRobert D. WeisbordChief Operating Officer & President-BroadcastLucy A. RutishauserChief Financial Officer & Executive Vice PresidentDelbert R. ParksPresident-TechnologyMichael KralecChief Technology Officer & Senior Vice PresidentKey CompetitorsEntravision CommunicationsNYSE:EVCGray TelevisionNYSE:GTN.AGray TelevisionNYSE:GTNE.W. ScrippsNASDAQ:SSPGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsRoyce & Associates LPBought 11,040 shares on 5/23/2023Ownership: 0.018%Putnam Investments LLCBought 22,105 shares on 5/22/2023Ownership: 0.032%Ameriprise Financial Inc.Bought 10,281 shares on 5/22/2023Ownership: 0.015%JPMorgan Chase & Co.Bought 9,898 shares on 5/18/2023Ownership: 0.076%New York State Common Retirement FundSold 5,200 shares on 5/18/2023Ownership: 0.036%View All Insider TransactionsView All Institutional Transactions SBGI Stock - Frequently Asked Questions Should I buy or sell Sinclair Broadcast Group stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SBGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares. View SBGI analyst ratings or view top-rated stocks. What is Sinclair Broadcast Group's stock price forecast for 2023? 6 brokers have issued 1 year target prices for Sinclair Broadcast Group's shares. Their SBGI share price forecasts range from $15.00 to $50.00. On average, they expect the company's share price to reach $24.17 in the next year. This suggests a possible upside of 62.8% from the stock's current price. View analysts price targets for SBGI or view top-rated stocks among Wall Street analysts. How have SBGI shares performed in 2023? Sinclair Broadcast Group's stock was trading at $15.51 at the beginning of the year. Since then, SBGI stock has decreased by 4.3% and is now trading at $14.84. View the best growth stocks for 2023 here. When is Sinclair Broadcast Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our SBGI earnings forecast. How were Sinclair Broadcast Group's earnings last quarter? Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $1.11. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sinclair Broadcast Group had a net margin of 7.32% and a trailing twelve-month return on equity of 39.37%. Sinclair Broadcast Group's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS. How often does Sinclair Broadcast Group pay dividends? What is the dividend yield for Sinclair Broadcast Group? Sinclair Broadcast Group declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Friday, May 26th. Read our dividend analysis for SBGI. What ETFs hold Sinclair Broadcast Group's stock? ETFs with the largest weight of Sinclair Broadcast Group (NASDAQ:SBGI) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), Royce Quant Small-Cap Quality Value ETF (SQLV), WBI Power Factor High Dividend ETF (WBIY), AI Powered Equity ETF (AIEQ), RiverFront Dynamic US Flex-Cap ETF (RFFC), WisdomTree U.S. SmallCap Dividend Fund (DES) and Vanguard U.S. Value Factor (VFVA). Is Sinclair Broadcast Group a good dividend stock? Sinclair Broadcast Group (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.74%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBGI will have a dividend payout ratio of 19.69% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SBGI. What guidance has Sinclair Broadcast Group issued on next quarter's earnings? Sinclair Broadcast Group issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $757.00 million-$773.00 million, compared to the consensus revenue estimate of $780.47 million. What is Christopher Ripley's approval rating as Sinclair Broadcast Group's CEO? 133 employees have rated Sinclair Broadcast Group Chief Executive Officer Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among the company's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Sinclair Broadcast Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair Broadcast Group investors own include Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT). What is Sinclair Broadcast Group's stock symbol? Sinclair Broadcast Group trades on the NASDAQ under the ticker symbol "SBGI." Who are Sinclair Broadcast Group's major shareholders? Sinclair Broadcast Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.51%), Contrarius Investment Management Ltd (5.45%), Gamco Investors INC. ET AL (4.18%), Capital Management Corp VA (1.94%), Dimensional Fund Advisors LP (1.88%) and Gabelli Funds LLC (1.61%). Insiders that own company stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, Howard E Friedman, J Duncan Smith, Jeffrey Edward Lewis, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson. View institutional ownership trends. How do I buy shares of Sinclair Broadcast Group? Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Sinclair Broadcast Group's stock price today? One share of SBGI stock can currently be purchased for approximately $14.84. How much money does Sinclair Broadcast Group make? Sinclair Broadcast Group (NASDAQ:SBGI) has a market capitalization of $935.51 million and generates $3.93 billion in revenue each year. The company earns $2.65 billion in net income (profit) each year or $3.58 on an earnings per share basis. How many employees does Sinclair Broadcast Group have? The company employs 7,900 workers across the globe. How can I contact Sinclair Broadcast Group? Sinclair Broadcast Group's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The official website for the company is www.sbgi.net. The company can be reached via phone at (410) 568-1500 or via fax at 410-568-1533. This page (NASDAQ:SBGI) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Sinclair Broadcast Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.