Sinclair Broadcast Group Company Profile (NASDAQ:SBGI)

About Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group logoSinclair Broadcast Group, Inc. is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company's segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it. It also owns digital and Internet media products that are complementary to its portfolio of television station related digital properties. It focuses on offering marketing solutions to advertisers. Its other business consists of original networks and content, digital and Internet solutions, technical services and other non-media investments.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting - TV
  • Sub-Industry: Broadcasting
  • Symbol: NASDAQ:SBGI
  • CUSIP: 82922610
  • Web:
  • Market Cap: $3.44 billion
  • Outstanding Shares: 102,644,000
Average Prices:
  • 50 Day Moving Avg: $37.02
  • 200 Day Moving Avg: $35.62
  • 52 Week Range: $24.15 - $43.05
  • Trailing P/E Ratio: 11.31
  • Foreward P/E Ratio: 10.82
  • P/E Growth: 8.18
Sales & Book Value:
  • Annual Revenue: $2.81 billion
  • Price / Sales: 1.23
  • Book Value: $11.01 per share
  • Price / Book: 3.05
  • Annual Dividend: $0.72
  • Dividend Yield: 2.1%
  • EBIDTA: $902.89 million
  • Net Margins: 7.16%
  • Return on Equity: 38.65%
  • Return on Assets: 3.47%
  • Debt-to-Equity Ratio: 8.30%
  • Current Ratio: 1.32%
  • Quick Ratio: 1.32%
  • Average Volume: 2.22 million shs.
  • Beta: 1.78
  • Short Ratio: 2.2

Frequently Asked Questions for Sinclair Broadcast Group (NASDAQ:SBGI)

What is Sinclair Broadcast Group's stock symbol?

Sinclair Broadcast Group trades on the NASDAQ under the ticker symbol "SBGI."

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 Thursday, June 1st will be given a dividend of $0.18 per share on Thursday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, May 30th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) issued its earnings results on Wednesday, May, 3rd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.03. The business had revenue of $649.90 million for the quarter, compared to the consensus estimate of $646.94 million. Sinclair Broadcast Group had a net margin of 7.16% and a return on equity of 38.65%. The company's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. View Sinclair Broadcast Group's Earnings History.

When will Sinclair Broadcast Group make its next earnings announcement?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Sinclair Broadcast Group.

Where is Sinclair Broadcast Group's stock going? Where will Sinclair Broadcast Group's stock price be in 2017?

6 brokerages have issued 12 month price targets for Sinclair Broadcast Group's stock. Their forecasts range from $37.00 to $52.00. On average, they expect Sinclair Broadcast Group's stock price to reach $44.50 in the next year. View Analyst Ratings for Sinclair Broadcast Group.

What are analysts saying about Sinclair Broadcast Group stock?

Here are some recent quotes from research analysts about Sinclair Broadcast Group stock:

  • 1. According to Zacks Investment Research, "Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. " (4/19/2017)
  • 2. Wedbush analysts commented, "Wedbush view: after a 4.5% jump after results, we expect SBGI to remain range-bound near-term, but maintain our long-term OUTPERFORM view given positive tells on the deregulation outlook. While SBGI reported a slightly 4Q miss and guided to the low end of its previous 2-year avg. FCF guidance, we expect near future deregulatory rulings (in particularly, potential near-term reinstatement of the UHF discount) to put SBGI back in the M&A game' SBGI guided to low end of its guidance for 2016/17 average FCF of $950m- 1,025m and provided guidance for 2017/18 average FCF of $950-1,025m. Lower guidance for 2016/17 reflects lower political ad revenue in 2016 and higher opex for 1) acquisitions, initiatives and system upgrades and 2) reverseretransmission fees. While raising our FY2017E revenue for higher retransmission revenue and core advertising growth (to 3% from 0%), we lower our 2016/17 avg. PF FCF estimate to $951m from $972m, and introduce our 2017/2018 avg. PF FCF estimate of $981m ($5.49/share)." (2/23/2017)

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a increase in short interest in May. As of May 15th, there was short interest totalling 8,925,829 shares, an increase of 133.5% from the April 28th total of 3,822,770 shares. Based on an average daily trading volume, of 4,416,067 shares, the short-interest ratio is currently 2.0 days. Currently, 11.9% of the shares of the company are sold short.

Who are some of Sinclair Broadcast Group's key competitors?

Who owns Sinclair Broadcast Group stock?

Sinclair Broadcast Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.75%), Bank of New York Mellon Corp (6.60%), FMR LLC (6.21%), BlackRock Inc. (5.41%), Point72 Asset Management L.P. (2.51%) and Edge Asset Management Inc. (2.54%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Institutional Ownership Trends for Sinclair Broadcast Group.

Who sold Sinclair Broadcast Group stock? Who is selling Sinclair Broadcast Group stock?

Sinclair Broadcast Group's stock was sold by a variety of institutional investors in the last quarter, including GMT Capital Corp, FMR LLC, Morgan Stanley, Credit Suisse AG, Denver Investment Advisors LLC, Edge Asset Management Inc., Prudential Financial Inc. and Bank of Montreal Can. Company insiders that have sold Sinclair Broadcast Group stock in the last year include Barry Faber, David B Amy, David R Bochenek, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Insider Buying and Selling for Sinclair Broadcast Group.

Who bought Sinclair Broadcast Group stock? Who is buying Sinclair Broadcast Group stock?

Sinclair Broadcast Group's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Point72 Asset Management L.P., Renaissance Technologies LLC, Vanguard Group Inc., Kingdon Capital Management L.L.C., Canada Pension Plan Investment Board, Gotham Asset Management LLC and MARSHALL WACE ASIA Ltd. View Insider Buying and Selling for Sinclair Broadcast Group.

How do I buy Sinclair Broadcast Group stock?

Shares of Sinclair Broadcast Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Sinclair Broadcast Group stock cost?

One share of Sinclair Broadcast Group stock can currently be purchased for approximately $33.55.

Analyst Ratings

Consensus Ratings for Sinclair Broadcast Group (NASDAQ:SBGI) (?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $44.50 (32.64% upside)

Analysts' Ratings History for Sinclair Broadcast Group (NASDAQ:SBGI)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017ValuEngineUpgradeHold -> BuyLowView Rating Details
5/4/2017Benchmark Co.Boost Price TargetBuy$45.00 -> $52.00LowView Rating Details
3/6/2017Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
2/23/2017Royal Bank of CanadaReiterated RatingOutperform -> Outperform$43.00 -> $47.00N/AView Rating Details
2/23/2017WedbushBoost Price TargetOutperform -> Outperform$36.00 -> $42.00N/AView Rating Details
11/3/2016StephensUpgradeEqual Weight -> OverweightN/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Sinclair Broadcast Group (NASDAQ:SBGI)
Earnings by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Earnings History by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017Q1 2017$0.29$0.32$646.94 million$649.90 millionViewListenView Earnings Details
2/22/2017Q416$1.36$1.32$805.49 million$797.70 millionViewN/AView Earnings Details
11/2/2016Q316$0.72$0.54$164.94 million$693.80 millionViewN/AView Earnings Details
8/3/2016Q216$0.52$0.52$658.61 million$666.50 millionViewN/AView Earnings Details
5/4/2016Q116$0.24$0.25$568.57 million$578.90 millionViewN/AView Earnings Details
2/24/2016Q415$0.66$0.61$600.91 million$611.80 millionViewListenView Earnings Details
11/4/2015Q315$0.24$0.45$533.52 million$548.40 millionViewN/AView Earnings Details
8/5/2015Q215$0.37$0.48$542.14 million$554.20 millionViewN/AView Earnings Details
5/6/2015Q115$0.12$0.25$503.67 million$504.80 millionViewN/AView Earnings Details
2/18/2015Q414$0.76$0.84$601.41 million$613.80 millionViewN/AView Earnings Details
11/5/2014Q314$0.35$0.49$338.64 million$494.96 millionViewN/AView Earnings Details
8/6/2014Q214$0.37$0.42$440.66 million$455.14 millionViewN/AView Earnings Details
5/7/2014Q114$0.22$0.27$403.27 million$412.65 millionViewN/AView Earnings Details
2/11/2014Q413$0.32$0.29$413.37 million$427.72 millionViewN/AView Earnings Details
11/6/2013Q313$0.24$0.36$318.95 million$303.00 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.18$0.19$311.93 million$314.15 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.17$0.21$290.71 million$252.90 millionViewN/AView Earnings Details
2/6/2013Q4 2012$0.56$0.73$311.74 million$329.50 millionViewN/AView Earnings Details
11/1/2012Q312$0.35$0.36$253.91 million$260.50 millionViewN/AView Earnings Details
8/1/2012$0.29$0.37ViewN/AView Earnings Details
5/2/2012$0.32$0.36ViewN/AView Earnings Details
11/2/2011$0.18$0.24ViewN/AView Earnings Details
8/3/2011$0.26$0.23ViewN/AView Earnings Details
5/4/2011$0.18$0.19ViewN/AView Earnings Details
2/9/2011$0.39$0.40ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Sinclair Broadcast Group (NASDAQ:SBGI)
2017 EPS Consensus Estimate: $2.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.33$0.33$0.33
Q2 20171$0.52$0.52$0.52
Q3 20171$0.54$0.54$0.54
Q4 20171$0.86$0.86$0.86
(Data provided by Zacks Investment Research)


Current Dividend Information for Sinclair Broadcast Group (NASDAQ:SBGI)
Next Dividend:6/15/2017
Annual Dividend:$0.72
Dividend Yield:2.15%
Payout Ratio:37.50% (Trailing 12 Months of Earnings)
35.29% (Based on This Year's Estimates)
23.23% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

Dividend History by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Sinclair Broadcast Group (NASDAQ:SBGI)
Insider Ownership Percentage: 29.70%
Institutional Ownership Percentage: 71.96%
Insider Trades by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Insider Trades by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/5/2017David D SmithInsiderBuy4,400$36.77$161,788.00View SEC Filing  
3/2/2017Barry FaberVPSell9,922$41.24$409,183.28View SEC Filing  
3/2/2017David B. AmyVice ChairmanSell28,000$40.87$1,144,360.00View SEC Filing  
3/2/2017David R. BochenekInsiderSell5,000$41.38$206,900.00View SEC Filing  
3/2/2017Lucy RutishauserCFOSell2,437$41.22$100,453.14View SEC Filing  
3/2/2017Martin R LeaderDirectorSell10,000$41.16$411,600.00View SEC Filing  
2/28/2017J Duncan SmithInsiderSell70,000$40.15$2,810,500.00View SEC Filing  
2/23/2017David R. BochenekInsiderSell5,000$39.81$199,050.00View SEC Filing  
1/15/2017David D SmithChairmanBuy16,500$29.59$488,235.00View SEC Filing  
11/22/2016Lawrence E. MccannaDirectorSell5,000$31.97$159,850.00View SEC Filing  
10/5/2016Lawrence E. MccannaDirectorSell2,000$28.63$57,260.00View SEC Filing  
3/11/2016Barry FaberVPSell14,417$32.86$473,742.62View SEC Filing  
1/8/2016Martin R LeaderDirectorSell1,000$30.71$30,710.00View SEC Filing  
11/6/2015Lucy RutishauserSVPSell2,334$33.50$78,189.00View SEC Filing  
6/17/2015Lawrence E MccannaDirectorSell2,000$29.34$58,680.00View SEC Filing  
3/30/2015David R BochenekCAOSell4,000$31.76$127,040.00View SEC Filing  
3/24/2015Lucy RutishauserSVPSell2,713$31.19$84,618.47View SEC Filing  
3/20/2015Barry FaberVPSell18,155$31.15$565,528.25View SEC Filing  
3/13/2015Lucy RutishauserSVPSell6,530$28.00$182,840.00View SEC Filing  
7/7/2014Steven M MarksCOOSell8,000$35.77$286,160.00View SEC Filing  
7/1/2014Robert E SmithDirectorSell138,880$35.20$4,888,576.00View SEC Filing  
6/27/2014Barry FaberVPSell10,911$34.43$375,665.73View SEC Filing  
6/24/2014Lawrence E MccannaDirectorSell1,500$29.36$44,040.00View SEC Filing  
6/18/2014Frederick G SmithMajor ShareholderSell110,185$30.31$3,339,707.35View SEC Filing  
5/19/2014Barry FaberVPSell6,400$29.33$187,712.00View SEC Filing  
4/2/2014Steven MarksCOOSell6,000$26.95$161,700.00View SEC Filing  
3/4/2014Lawrence MccannaDirectorSell2,000$30.00$60,000.00View SEC Filing  
12/23/2013Robert SmithDirectorSell63,251$34.60$2,188,484.60View SEC Filing  
12/20/2013Robert SmithDirectorSell17,061$34.11$581,950.71View SEC Filing  
12/18/2013Robert SmithDirectorSell6,800$34.11$231,948.00View SEC Filing  
12/17/2013Robert SmithDirectorSell3,300$34.12$112,596.00View SEC Filing  
12/13/2013Robert SmithDirectorSell54,588$34.49$1,882,740.12View SEC Filing  
5/15/2013J Duncan SmithMajor ShareholderSell739,815$26.30$19,457,134.50View SEC Filing  
5/15/2013Robert E SmithDirectorSell870,370$26.30$22,890,731.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Sinclair Broadcast Group (NASDAQ:SBGI)
Latest Headlines for Sinclair Broadcast Group (NASDAQ:SBGI)
DateHeadline logoSinclair Broadcast Group Inc (SBGI) Short Interest Up 133.5% in May - May 26 at 7:22 AM logoIs the Way Clear for Sinclair-Tribune Merger? - May 24 at 8:14 PM logoIBEW No Longer Represents Employees at Sinclair Station, KFDM, in Beaumont-Port Arthur, Texas - May 23 at 7:03 PM logoWhy Sinclair Broadcast Group Is Paying $6.6 Billion For Tribune Media - May 23 at 7:03 PM logoDeath of Ailes reveals Fox News at a crossroads - May 19 at 12:29 AM logoETFs with exposure to Sinclair Broadcast Group, Inc. : May 16, 2017 - May 16 at 7:35 PM logoSinclair Broadcast Group Inc (SBGI) Lifted to "Buy" at ValuEngine - May 16 at 3:27 PM logoSinclair Broadcast Group Inc (SBGI) Given Average Recommendation of "Buy" by Analysts - May 16 at 9:46 AM logoSinclair Broadcast Group, Inc. :SBGI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 15, 2017 - May 15 at 6:55 PM logo$675.07 Million in Sales Expected for Sinclair Broadcast Group Inc (SBGI) This Quarter - May 12 at 4:52 PM logoFrom Comcast To Amazon: Companies Set To Win, Lose With FCC Agenda This Month - May 11 at 8:08 PM logoSinclair Broadcast Group Inc (SBGI) Downgraded to "Hold" at ValuEngine - May 11 at 4:23 PM logoSHAREHOLDER ALERT: WeissLaw LLP Investigates the Acquisition of Tribune Media Company - May 11 at 12:56 AM logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Tribune Media Company to Sinclair Broadcast Group, Inc. for $43.50 Per Share is Fair to Shareholders - TRCO - May 10 at 7:56 PM logoZacks: Analysts Expect Sinclair Broadcast Group Inc (SBGI) to Announce $0.43 EPS - May 10 at 8:06 AM logoTribune Media Company -- Moody's affirms Tribune's B1 CFR on Sale to Sinclair - May 9 at 7:13 PM logoSinclair-Tribune Combo Could Create Future Addressable TV Giant - May 9 at 7:13 PM logoSinclair Broadcast Group, Inc. -- Moody's affirms Sinclair's Ba3 CFR on Tribune acquisition - May 9 at 7:13 PM logoSinclair Broadcast Group Inc (SBGI) Insider David D. Smith Acquires 4,400 Shares - May 9 at 1:10 PM logoSinclair Bid for Tribune Gives Conservative Voice a Big-City Perch - May 9 at 10:39 AM logoPHL17 parent company acquired by Sinclair Broadcast Group - May 8 at 7:05 PM logoSinclair Broadcast Group To Acquire Tribune Media... - May 8 at 7:05 PM
News IconSinclair is buying Tribune Media for $3.9 billion to create a local-TV behemoth - May 8 at 11:35 AM logoSinclair Broadcast Group (SBGI) to Acquire Tribune Media (TRCO) for $3.9B - May 8 at 11:35 AM logoSinclair Acquiring Tribune in $3.9 Billion Media Deal - May 8 at 11:35 AM logoTribune Media is sold to Sinclair in latest blow to Chicago's media industry - May 8 at 11:35 AM logoSinclair Broadcast Near Deal to Buy Tribune Media for About $4 Billion - May 7 at 8:11 PM logoSinclair is close to buying Tribune, beating out Fox - May 7 at 8:11 PM logoS&P 500 Set For Record High After French Election; 2 Top Stocks' Earnings Due - May 7 at 8:11 PM logoSinclair close to buying rival TV operator Tribune - May 7 at 7:58 PM logoSinclair Broadcast Group (SBGI) Tops Q1 EPS by 1c - May 5 at 8:00 PM logoSinclair Broadcast Group Inc (SBGI) Price Target Increased to $52.00 by Analysts at Benchmark Co. - May 4 at 4:06 PM logoSinclair Reports First Quarter 2017 Financial Results - May 4 at 9:14 AM logoInvestor Network: Sinclair Broadcast Group, Inc. to Host Earnings Call - May 4 at 9:14 AM logoSinclair tops 1Q revenue forecasts - May 4 at 9:14 AM logoSinclair's first-quarter profit soars, tops Wall Street estimates - May 4 at 9:14 AM logoSinclair Wins 33 Regional Edward R. Murrow Awards - May 4 at 9:14 AM logoEdited Transcript of SBGI earnings conference call or presentation 3-May-17 1:30pm GMT - May 4 at 12:14 AM logoSinclair Broadcast Group Inc (SBGI) Plans Quarterly Dividend of $0.18 - May 3 at 9:46 PM logoBRIEF-Sinclair Broadcast Group Q1 EPS $0.61 excluding items - May 3 at 7:13 PM logoSinclair Broadcast Group (SBGI) Q1 2017 Results - Earnings Call Transcript - May 3 at 7:13 PM logoSinclair Broadcast Group Inc (SBGI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS - May 3 at 1:08 PM logoSinclair To Launch 'KidsClick' Multiplatform Programming Block For Children - May 2 at 5:31 PM logoSinclair Broadcast Group (SBGI) Getting Very Favorable Press Coverage, Study Finds - May 2 at 4:22 PM logoWhy Fox Investors Don't Seem Keen on a Tribune Media Purchase - May 1 at 6:57 PM logoFox's Double-Dealing Makes Sense - May 1 at 6:57 PM logo[$$] US television M&A: out-Foxed - May 1 at 6:57 PM logoBidding war for Tribune Media? - May 1 at 6:57 PM logoTribune Media shares jump on reports of Fox-Blackstone takeover bid - May 1 at 10:30 AM logoIATSE Decertified At Sinclair Station, KBOI, In Boise, Idaho - May 1 at 9:24 AM



Sinclair Broadcast Group (SBGI) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff