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. Since then, SBGI stock has increased by 3.1% and is now trading at $19.84.
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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) posted its quarterly earnings results on Wednesday, August, 5th. The company reported $3.12 EPS for the quarter, missing analysts' consensus estimates of $4.83 by $1.71. The company earned $1.28 billion during the quarter, compared to analyst estimates of $1.42 billion. Sinclair Broadcast Group had a return on equity of 33.77% and a net margin of 6.37%. The firm's revenue was up 66.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share.
View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, August 6th. Investors 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 dividend yield of 4.03%. The ex-dividend date of this dividend is Monday, August 31st.
View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, August, 5th. The company provided earnings per share (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 analysts have issued 1-year target prices for Sinclair Broadcast Group's stock. Their forecasts range from $16.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $28.29 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
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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 retail and institutional 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 bought 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.
View insider buying and selling activity for 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.

One share of SBGI stock can currently be purchased for approximately $19.84.

Sinclair Broadcast Group has a market capitalization of $1.48 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.