NASDAQ:SBGI - Sinclair Broadcast Group Stock Price, News, & Analysis

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$30.30 +0.24 (+0.80 %)
(As of 12/11/2018 04:00 PM ET)
Previous Close$30.06
Today's Range$30.1501 - $31.10
52-Week Range$25.13 - $40.15
Volume665,127 shs
Average Volume1.46 million shs
Market Capitalization$2.99 billion
P/E Ratio10.82
Dividend Yield2.61%
Beta1.3
Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. As of December 31, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 channels. The company also owns and operates various networks carried on distribution platforms; and Tennis Channel, a cable network that includes coverage of various tennis' top tournaments and original professional sport, and tennis lifestyle shows. In addition, it offers digital agency services; and broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. In addition, it provides sign design and fabrication services; and invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as private equity and structured debt/mezzanine financing investment funds. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
Previous Symbol
CUSIP82922610
Phone410-568-1500

Debt

Debt-to-Equity Ratio2.43
Current Ratio2.98
Quick Ratio2.98

Price-To-Earnings

Trailing P/E Ratio10.82
Forward P/E Ratio10.74
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.73 billion
Price / Sales1.08
Cash Flow$6.4882 per share
Price / Cash Flow4.67
Book Value$15.08 per share
Price / Book2.01

Profitability

EPS (Most Recent Fiscal Year)$2.80
Net Income$576.01 million
Net Margins19.98%
Return on Equity19.79%
Return on Assets4.66%

Miscellaneous

Employees8,900
Outstanding Shares97,460,000
Market Cap$2.99 billion
OptionableOptionable

Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

What is Sinclair Broadcast Group's stock symbol?

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

How often does Sinclair Broadcast Group pay dividends? What is the dividend yield for Sinclair Broadcast Group?

Sinclair Broadcast Group declared a quarterly dividend on Thursday, November 8th. Investors of record on Friday, November 30th will be paid a dividend of $0.20 per share on Monday, December 17th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, November 29th. This is an increase from Sinclair Broadcast Group's previous quarterly dividend of $0.18. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday, November, 7th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.06. The firm earned $766.30 million during the quarter, compared to the consensus estimate of $752.56 million. Sinclair Broadcast Group had a return on equity of 19.79% and a net margin of 19.98%. Sinclair Broadcast Group's quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. View Sinclair Broadcast Group's Earnings History.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Sinclair Broadcast Group.

What guidance has Sinclair Broadcast Group issued on next quarter's earnings?

Sinclair Broadcast Group issued an update on its FY 2018 earnings guidance on Wednesday, November, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.032-3.044 billion, compared to the consensus revenue estimate of $2.96 billion.Sinclair Broadcast Group also updated its Q4 2018 guidance to EPS.

What price target have analysts set for SBGI?

10 Wall Street analysts have issued 1 year target prices for Sinclair Broadcast Group's stock. Their predictions range from $32.00 to $52.00. On average, they anticipate Sinclair Broadcast Group's share price to reach $38.8889 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.

What is the consensus analysts' recommendation for Sinclair Broadcast Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

What are Wall Street analysts saying about Sinclair Broadcast Group stock?

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. " (11/15/2018)
  • 2. Benchmark Co. analysts commented, "We still believe August looks like the most likely time frame for a close, but remain confident the deal will ultimately get done, sending shares and the space higher. From a fundamental perspective, Sinclair had one of the better results in the space from a net revenue and EBITDA perspective, even with core down mid-single digits, as ancillary revenue streams, including retrans, and a delay in the timing of certain expenses drove upside vs. a muted consensus. For the first time in several quarters, forward revenue guidance also came in above the street, as core was set to improve modestly q/q, and a higher ancillary revenue base set a better run-rate for the year." (5/10/2018)

Has Sinclair Broadcast Group been receiving favorable news coverage?

News coverage about SBGI stock has been trending somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Sinclair Broadcast Group's key competitors?

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the folowing people:
  • Mr. David D. Smith, Exec. Chairman (Age 67)
  • Mr. Christopher S. Ripley, Pres & CEO (Age 41)
  • Ms. Lucy A. Rutishauser, Sr. VP & CFO (Age 53)
  • Mr. Barry M. Faber, Exec. VP of Distribution & Network Relations and Gen. Counsel (Age 56)
  • Mr. David B. Amy, Vice Chairman (Age 65)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.41%), BlackRock Inc. (4.99%), Bank of New York Mellon Corp (3.80%), Dimensional Fund Advisors LP (3.08%), Baupost Group LLC MA (2.93%) and Baupost Group LLC MA (2.93%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Institutional Ownership Trends for Sinclair Broadcast Group.

Which major investors are selling Sinclair Broadcast Group stock?

SBGI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Russell Investments Group Ltd., Creative Planning, Prudential Financial Inc., Credit Suisse AG, Gabelli Funds LLC and Penn Capital Management Co. Inc.. View Insider Buying and Selling for Sinclair Broadcast Group.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was purchased by a variety of institutional investors in the last quarter, including Key Square Capital Management LLC, Baupost Group LLC MA, Baupost Group LLC MA, Canada Pension Plan Investment Board, Dimensional Fund Advisors LP, Meghalaya Partners L.P., Vanguard Group Inc. and Morgan Stanley. View Insider Buying and Selling for Sinclair Broadcast Group.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $30.30.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $2.99 billion and generates $2.73 billion in revenue each year. The company earns $576.01 million in net income (profit) each year or $2.80 on an earnings per share basis. Sinclair Broadcast Group employs 8,900 workers across the globe.

What is Sinclair Broadcast Group's official website?

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

How can I contact Sinclair Broadcast Group?

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.


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  543
MarketBeat's community ratings are surveys of what our community members think about Sinclair Broadcast Group and other stocks. Vote "Outperform" if you believe SBGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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