Sinclair Broadcast Group - SBGI Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SBGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares.
View SBGI analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 12-month price targets for Sinclair Broadcast Group's shares. Their SBGI share price forecasts range from $16.00 to $50.00. On average, they anticipate the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
View analysts price targets for SBGI or view top-rated stocks among Wall Street analysts.

Sinclair Broadcast Group's stock was trading at $15.51 at the beginning of the year. Since then, SBGI stock has increased by 32.0% and is now trading at $20.47.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our SBGI earnings forecast.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) issued its earnings results on Wednesday, November, 2nd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.17. The company had revenue of $843 million for the quarter, compared to analyst estimates of $889.66 million. Sinclair Broadcast Group had a negative trailing twelve-month return on equity of 35.47% and a net margin of 56.44%. The company's revenue for the quarter was down 45.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS.

Sinclair Broadcast Group announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.25 per share on Thursday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for SBGI.

Sinclair Broadcast Group (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.89%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 2.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SBGI will have a dividend payout ratio of 714.29% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SBGI.

Sinclair Broadcast Group issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $966.00 million-$988.00 million, compared to the consensus revenue estimate of $1.02 billion.

133 employees have rated Sinclair Broadcast Group Chief Executive Officer Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among the company's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT).

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 Capital Management Corp VA (1.52%), Pinnacle Associates Ltd. (1.04%), Ziegler Capital Management LLC (0.08%), Grant GrossMendelsohn LLC (0.06%), Strs Ohio (0.06%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson.
View institutional ownership trends.

Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of SBGI stock can currently be purchased for approximately $20.47.

Sinclair Broadcast Group (NASDAQ:SBGI) has a market capitalization of $1.43 billion and generates $6.13 billion in revenue each year. The company earns $-414,000,000.00 in net income (profit) each year or $34.36 on an earnings per share basis.

The company employs 11,500 workers across the globe.

Sinclair Broadcast Group's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The official website for the company is www.sbgi.net. The company can be reached via phone at (410) 568-1500 or via fax at 410-568-1533.