Sinclair Broadcast Group Company Profile (NASDAQ:SBGI)

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

Sinclair Broadcast Group declared a quarterly dividend on Wednesday, May 3rd. Investors of record on Thursday, June 1st will be paid a dividend of $0.18 per share on Thursday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, May 30th. View Sinclair Broadcast Group's Dividend History.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.03. The business had revenue of $649.90 million for the quarter, compared to analyst estimates of $646.94 million. Sinclair Broadcast Group had a return on equity of 39.72% and a net margin of 9.91%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. View Sinclair Broadcast Group's Earnings History.

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Sinclair Broadcast Group.

5 equities research analysts have issued 1-year target prices for Sinclair Broadcast Group's shares. Their forecasts range from $42.00 to $52.00. On average, they expect Sinclair Broadcast Group's share price to reach $46.25 in the next twelve months. View Analyst Ratings for Sinclair Broadcast Group.

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. " (6/14/2017)
• 2. Wedbush analysts commented, "Wedbush view: after a 4.5% jump after results, we expect SBGI to remain range-bound near-term, but maintain our long-term OUTPERFORM view given positive tells on the deregulation outlook. While SBGI reported a slightly 4Q miss and guided to the low end of its previous 2-year avg. FCF guidance, we expect near future deregulatory rulings (in particularly, potential near-term reinstatement of the UHF discount) to put SBGI back in the M&A game' SBGI guided to low end of its guidance for 2016/17 average FCF of $950m- 1,025m and provided guidance for 2017/18 average FCF of $950-1,025m. Lower guidance for 2016/17 reflects lower political ad revenue in 2016 and higher opex for 1) acquisitions, initiatives and system upgrades and 2) reverseretransmission fees. While raising our FY2017E revenue for higher retransmission revenue and core advertising growth (to 3% from 0%), we lower our 2016/17 avg. PF FCF estimate to $951m from $972m, and introduce our 2017/2018 avg. PF FCF estimate of $981m ($5.49/share)." (2/23/2017)

Some companies that are related to Sinclair Broadcast Group include TiVo Corporation (TIVO), Gray Television (GTN), Liberty Media Corporation (BATRK), Central European Media Enterprises (CETV), Global Eagle Entertainment (ENT), Phoenix New Media Limited (FENG), Comcast (CMCSK), Directv (DTV), Starz Acquisition LLC (STRZA) and Starz Acquisition LLC (LCAPA).

Sinclair Broadcast Group's management team includes the folowing people:

• David D. Smith, Executive Chairman, Chairman of the Board and Director
• Christopher S. Ripley, President, Chief Executive Officer
• David B. Amy, Vice Chairman of the Board
• Lucy A. Rutishauser, Chief Financial Officer, Senior Vice President, Treasurer
• Steven M. Marks, Chief Operating Officer, Executive Vice President
• Barry M. Faber, Executive Vice President, General Counsel, Distribution and Network Relations
• Steven J. Pruett, Executive Vice President, Chief TV Development Officer
• David R. Bochenek, Senior Vice President, Chief Accounting Officer
• Donald H. Thompson, Senior Vice President - Human Resources
• Rebecca J. Hanson, Senior Vice President - Strategy and Policy

Sinclair Broadcast Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Creative Planning (0.19%), US Bancorp DE (0.04%), James Investment Research Inc. (0.03%), BB&T Corp (0.02%), Aperio Group LLC (0.01%) and Bank of Montreal Can (0.01%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Institutional Ownership Trends for Sinclair Broadcast Group.

Sinclair Broadcast Group's stock was sold by a variety of institutional investors in the last quarter, including BB&T Corp. Company insiders that have sold Sinclair Broadcast Group stock in the last year include Barry Faber, David B Amy, David R Bochenek, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Insider Buying and Selling for Sinclair Broadcast Group.

Sinclair Broadcast Group's stock was purchased by a variety of institutional investors in the last quarter, including Creative Planning, James Investment Research Inc., US Bancorp DE, Bank of Montreal Can, Aperio Group LLC and Kissinger Financial Services LLC. View Insider Buying and Selling for Sinclair Broadcast Group.

Shares of Sinclair Broadcast Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sinclair Broadcast Group stock can currently be purchased for approximately $34.50.