NASDAQ:SBGI - Sinclair Broadcast Group Stock Price, News, & Analysis

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$29.01 -0.50 (-1.69 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$29.51
Today's Range$28.55 - $29.49
52-Week Range$25.13 - $40.15
Volume1.16 million shs
Average Volume1.48 million shs
Market Capitalization$3.01 billion
P/E Ratio10.36
Dividend Yield2.44%
Beta1.39
Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. As of December 31, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 channels. The company also owns and operates various networks carried on distribution platforms; and Tennis Channel, a cable network that includes coverage of various tennis' top tournaments and original professional sport, and tennis lifestyle shows. In addition, it offers digital agency services; and broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. In addition, it provides sign design and fabrication services; and invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as private equity and structured debt/mezzanine financing investment funds. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
Previous Symbol
CUSIP82922610
Phone410-568-1500

Debt

Debt-to-Equity Ratio2.44
Current Ratio2.96
Quick Ratio2.96

Price-To-Earnings

Trailing P/E Ratio10.36
Forward P/E Ratio11.47
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.73 billion
Price / Sales1.09
Cash Flow$6.4610 per share
Price / Cash4.49
Book Value$15.08 per share
Price / Book1.92

Profitability

EPS (Most Recent Fiscal Year)$2.80
Net Income$576.01 million
Net Margins19.47%
Return on Equity19.12%
Return on Assets4.15%

Miscellaneous

Employees8,900
Outstanding Shares102,280,000
Market Cap$3.01 billion
OptionableOptionable

Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

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 Thursday, August 9th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.18 per share on Monday, September 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, August 30th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its earnings results on Wednesday, August, 8th. The company reported $0.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.25. The company earned $730.10 million during the quarter, compared to analyst estimates of $715.55 million. Sinclair Broadcast Group had a return on equity of 19.12% and a net margin of 19.47%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. View Sinclair Broadcast Group's Earnings History.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, November 7th 2018. View Earnings Estimates for Sinclair Broadcast Group.

What price target have analysts set for SBGI?

11 brokerages have issued 1-year target prices for Sinclair Broadcast Group's shares. Their predictions range from $32.00 to $52.00. On average, they expect Sinclair Broadcast Group's stock price to reach $39.6364 in the next year. This suggests a possible upside of 36.6% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.

What is the consensus analysts' recommendation for Sinclair Broadcast Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

What are Wall Street 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. " (8/11/2018)
  • 2. Benchmark Co. analysts commented, "We still believe August looks like the most likely time frame for a close, but remain confident the deal will ultimately get done, sending shares and the space higher. From a fundamental perspective, Sinclair had one of the better results in the space from a net revenue and EBITDA perspective, even with core down mid-single digits, as ancillary revenue streams, including retrans, and a delay in the timing of certain expenses drove upside vs. a muted consensus. For the first time in several quarters, forward revenue guidance also came in above the street, as core was set to improve modestly q/q, and a higher ancillary revenue base set a better run-rate for the year." (5/10/2018)

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

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the folowing people:
  • Mr. David D. Smith, Exec. Chairman (Age 67)
  • Mr. Christopher S. Ripley, Pres & CEO (Age 41)
  • Ms. Lucy A. Rutishauser, Sr. VP & CFO (Age 53)
  • Mr. Barry M. Faber, Exec. VP of Distribution & Network Relations and Gen. Counsel (Age 56)
  • Mr. David B. Amy, Vice Chairman (Age 65)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.14%), Seven Eight Capital LP (0.09%), Midas Management Corp (0.03%), Fox Run Management L.L.C. (0.02%), Steward Partners Investment Advisory LLC (0.01%) and Cerebellum GP LLC (0.01%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Institutional Ownership Trends for Sinclair Broadcast Group.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Seven Eight Capital LP, Midas Management Corp, Fox Run Management L.L.C., Cerebellum GP LLC and Steward Partners Investment Advisory LLC. View Insider Buying and Selling for Sinclair Broadcast Group.

How do I buy shares of Sinclair Broadcast Group?

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

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $29.01.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $3.01 billion and generates $2.73 billion in revenue each year. The company earns $576.01 million in net income (profit) each year or $2.80 on an earnings per share basis. Sinclair Broadcast Group employs 8,900 workers across the globe.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is http://www.sbgi.net.

How can I contact Sinclair Broadcast Group?

Sinclair Broadcast Group's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The company can be reached via phone at 410-568-1500.


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  522
MarketBeat's community ratings are surveys of what our community members think about Sinclair Broadcast Group and other stocks. Vote "Outperform" if you believe SBGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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