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Sinclair Broadcast Group Stock Price, Forecast & Analysis (NASDAQ:SBGI)

$38.33
+0.55 (+1.46 %)
(As of 11/18/2019 04:00 PM ET)
Today's Range
$37.01
Now: $38.33
$38.44
50-Day Range
$37.48
MA: $40.78
$42.73
52-Week Range
$25.14
Now: $38.33
$66.57
Volume33,951 shs
Average Volume741,158 shs
Market Capitalization$3.53 billion
P/E Ratio11.44
Dividend Yield2.12%
Beta1.15
Sinclair Broadcast Group, Inc operates as a television broadcasting company in the United States. It owns or provides various programming, operating, sales, and other non-programming operating 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. Read More…

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.06 billion
Cash Flow$7.77 per share
Book Value$18.19 per share

Profitability

Net Income$341.24 million

Miscellaneous

Employees9,000
Market Cap$3.53 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 Wednesday, November 6th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.20 per share on Monday, December 16th. This represents a $0.80 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, November 27th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) posted its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.98. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.29 billion. Sinclair Broadcast Group had a return on equity of 25.47% and a net margin of 5.99%. The business's revenue for the quarter was up 46.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 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, February 26th 2020. View Earnings Estimates for Sinclair Broadcast Group.

What price target have analysts set for SBGI?

7 analysts have issued twelve-month price objectives for Sinclair Broadcast Group's shares. Their forecasts range from $44.00 to $80.00. On average, they expect Sinclair Broadcast Group's share price to reach $60.50 in the next year. This suggests a possible upside of 57.8% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.

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

7 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

News stories about SBGI stock have trended very negative on Monday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a news impact score of -3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Sinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a increase in short interest in October. As of October 15th, there was short interest totalling 5,570,000 shares, an increase of 7.9% from the September 15th total of 5,160,000 shares. Based on an average daily volume of 925,200 shares, the short-interest ratio is currently 6.0 days. Currently, 8.7% of the company's stock are short sold. View Sinclair Broadcast Group's Current Options Chain.

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

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), Gilead Sciences (gild), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), QUALCOMM (qcom), Sorrento Therapeutics (SRNE), AbbVie (ABBV), Bank of America (bac) and JD.Com (JD).

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 68)
  • Mr. Christopher S. Ripley, Pres & CEO (Age 42)
  • Ms. Lucy A. Rutishauser, Sr. VP & CFO (Age 54)
  • Mr. Steven M. Marks, Exec. VP & COO of Sinclair Television Group, Inc. (Age 62)
  • Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 57)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Eagle Asset Management Inc. (1.47%), Carillon Tower Advisers Inc. (1.05%), Beach Point Capital Management LP (0.81%), Capital Management Corp VA (0.31%), Selz Capital LLC (0.27%) and Gabelli Funds LLC (0.26%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Lawrence E Mccanna, Robert E Smith and Steven M Marks. View Institutional Ownership Trends for Sinclair Broadcast Group.

Which major investors are selling Sinclair Broadcast Group stock?

SBGI stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Strs Ohio, State of New Jersey Common Pension Fund D, Delta Investment Management LLC, Russell Investments Group Ltd., Chicago Equity Partners LLC, W.E. Donoghue & Co. LLC and Gabelli Funds LLC. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Daniel C Keith, David B Amy, David R Bochenek, Lawrence E Mccanna, Robert E Smith and Steven M Marks. View Insider Buying and Selling for Sinclair Broadcast Group.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was acquired by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Selz Capital LLC, Beach Point Capital Management LP, Tiger Legatus Capital Management LLC, First Trust Advisors LP, Capital Management Corp VA and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $38.33.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $3.53 billion and generates $3.06 billion in revenue each year. The company earns $341.24 million in net income (profit) each year or $3.35 on an earnings per share basis. Sinclair Broadcast Group employs 9,000 workers across the globe.View Additional Information About Sinclair Broadcast Group.

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:  2.7 out of 5 (star star)
Outperform Votes:  373 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  693
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 11/18/2019 by MarketBeat.com Staff

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