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The Next Big Crisis Is Here (Ad)
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S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
NASDAQ:SBGI

Sinclair Broadcast Group - SBGI Stock Forecast, Price & News

$20.47
+0.08 (+0.39%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$20.12
$20.62
50-Day Range
$14.53
$20.47
52-Week Range
$14.36
$31.04
Volume
323,845 shs
Average Volume
423,657 shs
Market Capitalization
$1.43 billion
P/E Ratio
0.60
Dividend Yield
4.89%
Price Target
$27.00

Sinclair Broadcast Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
31.9% Upside
$27.00 Price Target
Short Interest
Healthy
6.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.49mentions of Sinclair Broadcast Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-99.62%
From $36.81 to $0.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Consumer Discretionary Sector

74th out of 277 stocks

Television Broadcasting Stations Industry

2nd out of 13 stocks


SBGI stock logo

About Sinclair Broadcast Group (NASDAQ:SBGI) Stock

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

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SBGI Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Sinclair Announces Company Promotions
Fubo TV (FUBO) Signs a Deal With Sinclair Broadcast Group
Analyst Ratings for Sinclair Broadcast Group
Top Small-Cap Stocks
Sinclair Launches Redesigned Company Website
See More Headlines
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SBGI Company Calendar

Last Earnings
11/02/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
1/29/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SBGI
CUSIP
82922610
Employees
11,500
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$27.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+31.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$-414,000,000.00
Pretax Margin
75.38%

Debt

Sales & Book Value

Annual Sales
$6.13 billion
Cash Flow
$37.22 per share
Book Value
($23.34) per share

Miscellaneous

Free Float
42,054,000
Market Cap
$1.43 billion
Optionable
Optionable
Beta
1.29

Social Links


Key Executives

  • Christopher Stewart Ripley
    President & Chief Executive Officer
  • Robert D. Weisbord
    Chief Operating Officer & President-Broadcast
  • Lucy A. Rutishauser
    Chief Financial Officer & Executive Vice President
  • Delbert R. Parks
    President-Technology
  • Michael Kralec
    Chief Technology Officer & Senior Vice President













SBGI Stock - Frequently Asked Questions

Should I buy or sell Sinclair Broadcast Group stock right now?

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.

What is Sinclair Broadcast Group's stock price forecast for 2023?

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.

How have SBGI shares performed in 2023?

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
.

When is Sinclair Broadcast Group's next earnings date?

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

How were Sinclair Broadcast Group's earnings last quarter?

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.

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, 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
.

Is Sinclair Broadcast Group a good dividend stock?

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.

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

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.

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

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.

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), 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 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
.

How do I buy shares of Sinclair Broadcast Group?

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.

What is Sinclair Broadcast Group's stock price today?

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

How much money does Sinclair Broadcast Group make?

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.

How many employees does Sinclair Broadcast Group have?

The company employs 11,500 workers across the globe.

How can I contact Sinclair Broadcast Group?

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.

This page (NASDAQ:SBGI) was last updated on 1/29/2023 by MarketBeat.com Staff