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NASDAQ:SBGI

Sinclair (SBGI) Stock Price, News & Analysis

$13.76
0.00 (0.00%)
(As of 10:04 AM ET)
Today's Range
$13.50
$13.91
50-Day Range
$12.98
$17.53
52-Week Range
$9.39
$21.17
Volume
23,785 shs
Average Volume
462,540 shs
Market Capitalization
$873.90 million
P/E Ratio
N/A
Dividend Yield
7.27%
Price Target
$18.14

Sinclair MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
31.8% Upside
$18.14 Price Target
Short Interest
Healthy
9.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.49mentions of Sinclair in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$274,691 Sold Last Quarter
Proj. Earnings Growth
-42.45%
From $1.06 to $0.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.31 out of 5 stars

Consumer Discretionary Sector

54th out of 272 stocks

Television Broadcasting Stations Industry

3rd out of 10 stocks


SBGI stock logo

About Sinclair Stock (NASDAQ:SBGI)

Sinclair, Inc., a media company, focuses on providing content on local television stations and digital platforms. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, other original programming, and college sports. It also owns digital media products that are complementary to its portfolio of television station related digital properties, as well as interests in, owns, manages, and/or operates technical and software services companies, intellectual property for the advancement of broadcast technology, and other media and non-media related businesses and assets, including interests in real estate, venture capital, private equity, and direct investments. Sinclair, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

SBGI Stock Price History

SBGI Stock News Headlines

Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
StockNews.com Downgrades Sinclair (NASDAQ:SBGI) to Sell
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
400
Sinclair Reports Fourth Quarter 2023 Financial Results
Sinclair Declares $0.25 Per Share Quarterly Cash Dividend
Sinclair Broadcast Q4 2023 Earnings Preview
Sinclair Stock (NASDAQ:SBGI), Short Interest Report
SBGI Mar 2024 2.500 call
SBGI Mar 2024 10.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Last Earnings
2/28/2024
Today
3/05/2024
Ex-Dividend for 3/25 Dividend
3/08/2024
Dividend Payable
3/25/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SBGI
CUSIP
82922610
Employees
7,900
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$18.14
High Stock Price Target
$25.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+31.8%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-291,000,000.00
Pretax Margin
1.35%

Debt

Sales & Book Value

Annual Sales
$3.13 billion
Cash Flow
$11.01 per share
Book Value
$9.78 per share

Miscellaneous

Free Float
37,029,000
Market Cap
$873.90 million
Optionable
Optionable
Beta
1.42

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Key Executives















SBGI Stock Analysis - Frequently Asked Questions

Should I buy or sell Sinclair stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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's stock price target for 2024?

5 brokers have issued 12 month price objectives for Sinclair's shares. Their SBGI share price targets range from $13.00 to $25.00. On average, they predict the company's stock price to reach $18.14 in the next year. This suggests a possible upside of 31.8% 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 2024?

Sinclair's stock was trading at $13.03 at the beginning of the year. Since then, SBGI shares have increased by 5.6% and is now trading at $13.76.
View the best growth stocks for 2024 here
.

When is Sinclair's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SBGI earnings forecast
.

How were Sinclair's earnings last quarter?

Sinclair, Inc. (NASDAQ:SBGI) released its quarterly earnings results on Wednesday, February, 28th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.46 by $0.35. The firm had revenue of $826 million for the quarter, compared to analyst estimates of $838.75 million. Sinclair had a negative net margin of 9.29% and a positive trailing twelve-month return on equity of 21.98%. The business's quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share.

How often does Sinclair pay dividends? What is the dividend yield for Sinclair?

Sinclair announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Monday, March 11th will be given a dividend of $0.25 per share on Monday, March 25th. This represents a $1.00 annualized dividend and a yield of 7.27%. The ex-dividend date is Friday, March 8th.
Read our dividend analysis for SBGI
.

Is Sinclair a good dividend stock?

Sinclair (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.89%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SBGI.

What ETFs hold Sinclair's stock?
What guidance has Sinclair issued on next quarter's earnings?

Sinclair updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $793.0 million-$806.0 million, compared to the consensus revenue estimate of $816.8 million.

What is Christopher Ripley's approval rating as Sinclair's CEO?

133 employees have rated Sinclair 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 own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair 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).

Who are Sinclair's major shareholders?

Sinclair's stock is owned by a number of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (5.52%), Vanguard Group Inc. (5.39%), Dimensional Fund Advisors LP (2.98%), Capital Management Corp VA (2.31%), Gabelli Funds LLC (1.85%) and Bridgeway Capital Management LLC (1.25%). Insiders that own company stock include Barry Faber, 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 and Ruth Louisa Villigerwilson.
View institutional ownership trends
.

How do I buy shares of Sinclair?

Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SBGI) was last updated on 3/5/2024 by MarketBeat.com Staff