NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & 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. Since then, SBGI shares have decreased by 5.5% and is now trading at $18.18. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sinclair Broadcast Group.

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Sinclair Broadcast Group.

Sinclair Broadcast Group will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) released its quarterly earnings data on Wednesday, May, 6th. The company reported $1.35 EPS for the quarter, beating the Zacks' consensus estimate of $0.04 by $1.31. The business earned $1.61 billion during the quarter, compared to analysts' expectations of $1.64 billion. Sinclair Broadcast Group had a return on equity of 23.41% and a net margin of 2.91%. The company's revenue for the quarter was up 122.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, May 29th. View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.398-1.44 billion, compared to the consensus revenue estimate of $1.58 billion.

8 Wall Street analysts have issued 1-year target prices for Sinclair Broadcast Group's stock. Their forecasts range from $11.00 to $55.00. On average, they expect Sinclair Broadcast Group's share price to reach $33.75 in the next year. This suggests a possible upside of 85.6% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

News stories about SBGI stock have been trending somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news about Sinclair Broadcast Group.

Sinclair Broadcast Group saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,130,000 shares, a drop of 6.8% from the June 15th total of 7,650,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 14.1% of the company's shares are sold short. View Sinclair Broadcast Group's Current Options Chain.

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). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair Broadcast Group investors own include Walt Disney (DIS), AT&T (T), Metlife (MET), Roku (ROKU), Comcast (CMCSA), Twitter (TWTR), Las Vegas Sands (LVS), Netflix (NFLX), Alibaba Group (BABA) and Carnival (CCL).

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

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 $18.18.

Sinclair Broadcast Group has a market capitalization of $1.46 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.