Sinclair Broadcast Group Stock Forecast, Price & News

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SBGI stock has increased by 4.5% and is now trading at $20.10.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Sinclair Broadcast Group Inc (NASDAQ:SBGI) issued its earnings results on Wednesday, August, 5th. The company reported $3.12 earnings per share for the quarter, missing the Zacks' consensus estimate of $4.83 by $1.71. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.42 billion. Sinclair Broadcast Group had a return on equity of 33.77% and a net margin of 6.37%. Sinclair Broadcast Group's revenue for the quarter was up 66.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share.
View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share on Tuesday, September 15th. This represents a $0.80 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, August 31st.
View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group issued an update on its third quarter 2020 Pre-Market earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.477-1.514 billion, compared to the consensus revenue estimate of $1.6 billion.

6 brokerages have issued 1 year price objectives for Sinclair Broadcast Group's shares. Their forecasts range from $16.00 to $55.00. On average, they expect Sinclair Broadcast Group's stock price to reach $28.29 in the next twelve months. This suggests a possible upside of 40.7% from the stock's current price.
View analysts' price targets for Sinclair Broadcast Group.

Some companies that are related to Sinclair Broadcast Group include Discovery Communications (DISCA), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Central European Media Enterprises (CETV), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
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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), AbbVie (ABBV), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM) and Delta Air Lines (DAL).

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

Sinclair Broadcast Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.40%), Goldman Sachs Group Inc. (1.63%), FMR LLC (1.37%), Gamco Investors INC. ET AL (1.24%), Capital Management Corp VA (0.97%) and Charles Schwab Investment Management Inc. (0.84%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Frederick G Smith, Lawrence E Mccanna, Robert E Smith and Steven M Marks.
View institutional ownership trends for Sinclair Broadcast Group.

SBGI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., FMR LLC, Vanguard Group Inc., Bank of New York Mellon Corp, New York State Common Retirement Fund, Sei Investments Co., Capital Management Corp VA, and Two Sigma Advisers LP.
View insider buying and selling activity for Sinclair Broadcast Group.

SBGI stock was purchased by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Nuveen Asset Management LLC, First Trust Advisors LP, AQR Capital Management LLC, Aigen Investment Management LP, Principal Financial Group Inc., Principal Financial Group Inc., and Tudor Investment Corp Et Al. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, and Frederick G Smith.
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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.

One share of SBGI stock can currently be purchased for approximately $20.10.

Sinclair Broadcast Group has a market capitalization of $1.49 billion and generates $4.24 billion in revenue each year. The company earns $47 million in net income (profit) each year or $2.97 on an earnings per share basis. Sinclair Broadcast Group employs 11,800 workers across the globe.

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

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.