Sinclair Broadcast Group Stock Forecast, Price & News

4 Wall Street equities research 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 equities research 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.
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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.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) released its earnings results on Tuesday, May, 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.18) by $2.02. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates 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%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS.
View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBGI shares have increased by 67.1% and is now trading at $32.15.
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Sinclair Broadcast Group declared a quarterly dividend on Wednesday, May 5th. Stockholders of record on Tuesday, June 1st will be paid a dividend of $0.20 per share on Tuesday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, May 28th.
View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.49%. 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%.
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Sinclair Broadcast Group issued an update on its second quarter 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share 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.

4 brokers have issued twelve-month target prices for Sinclair Broadcast Group's shares. Their forecasts range from $19.00 to $35.00. On average, they expect Sinclair Broadcast Group's stock price to reach $28.75 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
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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.

Some companies that are related to Sinclair Broadcast Group include Discovery (DISCA), Formula One Group (FWONA), Nexstar Media Group (NXST), Entravision Communications (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
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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).

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

Sinclair Broadcast Group's stock is owned by many different retail and institutional 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.

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.
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SBGI stock was bought 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.
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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.
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One share of SBGI stock can currently be purchased for approximately $32.15.

Sinclair Broadcast Group has a market capitalization of $2.42 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.

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

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

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

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.