NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$32.30
+0.09 (+0.28 %)
(As of 06/15/2021 04:30 PM ET)
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Today's Range
$32.06
$32.54
50-Day Range
$29.45
$34.62
52-Week Range
$16.50
$39.60
Volume359,046 shs
Average Volume705,117 shs
Market Capitalization$2.43 billion
P/E RatioN/A
Dividend Yield2.48%
Beta1.67
30 days | 90 days | 365 days | Advanced Chart
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Sinclair Broadcast Group logo

About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Broadcast and Local Sports. It owns or provides various programming, operating, sales, and other non-programming operating 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, 2020, it owned, operated, and provided services to 188 stations in 88 markets, which broadcast 628 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 owns regional sports network, which has the exclusive rights to air games of 45 professional sports teams and other sporting events. Further, the company offers digital agency services; and provides technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. Additionally, it owns various non-media related investments, including private equity, mezzanine financing, and real estate investments. It also offers Tennis Magazine, a sport's print publication; and operates Tennis.com, an online tennis platform. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

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MarketRank

Overall MarketRank

1.51 out of 5 stars

Consumer Discretionary Sector

158th out of 596 stocks

Television Broadcasting Stations Industry

10th out of 28 stocks

Analyst Opinion: 1.0Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

Is Sinclair Broadcast Group a buy right now?

4 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 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Sinclair Broadcast Group stock. 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 analyst ratings for Sinclair Broadcast Group
or view top-rated stocks.

What stocks does MarketBeat like better than Sinclair Broadcast Group?

Wall Street analysts have given Sinclair Broadcast Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sinclair Broadcast Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Sinclair Broadcast Group
.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) issued its earnings results on Tuesday, May, 4th. The company reported ($0.16) EPS for the quarter, beating the Zacks' consensus estimate of ($2.18) by $2.02. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Sinclair Broadcast Group had a negative net margin of 42.82% and a negative trailing twelve-month return on equity of 163.38%. Sinclair Broadcast Group's revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.35 earnings per share.
View Sinclair Broadcast Group's earnings history
.

How has Sinclair Broadcast Group's stock been impacted by COVID-19 (Coronavirus)?

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBGI stock has increased by 67.9% and is now trading at $32.30.
View which stocks have been most impacted by COVID-19
.

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

Sinclair Broadcast Group announced a quarterly dividend on Wednesday, May 5th. Investors of record on Tuesday, June 1st will be given a dividend of $0.20 per share on Tuesday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, May 28th.
View Sinclair Broadcast Group's dividend history
.

Is Sinclair Broadcast Group a good dividend stock?

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.48%. Sinclair Broadcast Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Sinclair Broadcast Group is 10.20%. This payout ratio is at a healthy, sustainable level, below 75%.
View Sinclair Broadcast Group's dividend history.

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

Sinclair Broadcast Group issued an update on its second quarter 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $1.58 billion-$1.62 billion, compared to the consensus revenue estimate of $1.54 billion.

What price target have analysts set for SBGI?

4 equities research analysts have issued twelve-month price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $19.00 to $35.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts' price targets for Sinclair Broadcast Group
or view top-rated stocks among Wall Street analysts.

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the following people:
  • Mr. David D. Smith, Exec. Chairman (Age 70, Pay $3.26M)
  • Mr. Christopher S. Ripley, Pres & CEO (Age 44, Pay $5.33M)
  • Ms. Lucy A. Rutishauser, Exec. VP & CFO (Age 56, Pay $2.36M)
  • Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 59, Pay $1.77M)
  • Mr. David R. Bochenek, Sr. VP & Chief Accounting Officer (Age 58)
  • Mr. Delbert R. Parks III, Exec. VP & CTO (Age 68)
  • Mr. Brian S. Bark, Sr. VP & Chief Information Officer (Age 52)
  • Mr. Steven Zenker, VP of Investor Relations
  • Mr. David B. Gibber, Sr. VP & Gen. Counsel (Age 39)
  • Mr. Jeffrey E. Lewis, VP & Chief Compliance Officer (Age 64)

What is Christopher Ripley's approval rating as Sinclair Broadcast Group's CEO?

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

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

What other stocks do shareholders of Sinclair Broadcast Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair Broadcast Group investors own include Alibaba Group (BABA), The Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT).

What is Sinclair Broadcast Group's stock symbol?

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

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.02%), Contrarius Investment Management Ltd (4.96%), Goldman Sachs Group Inc. (2.92%), Gamco Investors INC. ET AL (2.68%), Vaughan Nelson Investment Management L.P. (2.46%) and Gabelli Funds LLC (1.07%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna and Steven M Marks.
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 Morgan Stanley, Victory Capital Management Inc., Northern Trust Corp, Voloridge Investment Management LLC, Barclays PLC, Cubist Systematic Strategies LLC, Aigen Investment Management LP, and Schroder Investment Management Group. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, J Duncan Smith, and Lawrence E Mccanna.
View insider buying and selling activity for Sinclair Broadcast Group
or view top insider-selling stocks.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Gamco Investors INC. ET AL, Arrowstreet Capital Limited Partnership, Gabelli Funds LLC, BlackRock Inc., Vaughan Nelson Investment Management L.P., Nordea Investment Management AB, and Man Group plc. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, Frederick G Smith, and Howard E Friedman.
View insider buying and selling activity for Sinclair Broadcast Group
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $32.30.

How much money does Sinclair Broadcast Group make?

Sinclair Broadcast Group has a market capitalization of $2.43 billion and generates $5.94 billion in revenue each year. The company earns $-2,414,000,000.00 in net income (profit) each year or $7.84 on an earnings per share basis.

How many employees does Sinclair Broadcast Group have?

Sinclair Broadcast Group employs 11,600 workers across the globe.

What is Sinclair Broadcast Group's official website?

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

Where are Sinclair Broadcast Group's headquarters?

Sinclair Broadcast Group is headquartered at 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030.

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.


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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