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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$32.40
-0.10 (-0.31 %)
(As of 01/26/2021 12:00 AM ET)
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Today's Range
$31.90
Now: $32.40
$33.01
50-Day Range
$27.80
MA: $31.15
$33.81
52-Week Range
$10.57
Now: $32.40
$34.57
Volume1.11 million shs
Average Volume901,759 shs
Market Capitalization$2.40 billion
P/E RatioN/A
Dividend Yield2.46%
Beta1.6
Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Local News and Marketing Services; and 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, 2019, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 629 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 broadcast related 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; and operates Tennis.com, an online tennis platform. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.
Sinclair Broadcast Group logo

MarketRank

Overall MarketRank

1.74 out of 5 stars

Consumer Discretionary Sector

75th out of 570 stocks

Television Broadcasting Stations Industry

9th out of 28 stocks

Analyst Opinion: 1.1Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
Current SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500
Employees11,800
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.24 billion
Cash Flow$9.34 per share
Book Value$18.50 per share

Profitability

Net Income$47 million

Miscellaneous

Market Cap$2.40 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableOptionable
$32.40
-0.10 (-0.31 %)
(As of 01/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

How has Sinclair Broadcast Group's stock been impacted by Coronavirus?

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 68.4% and is now trading at $32.40.
View which stocks have been most impacted by COVID-19
.

Is Sinclair Broadcast Group a buy right now?

6 Wall Street research 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 2 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Sinclair Broadcast Group
or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sinclair Broadcast Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 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 quarterly earnings data on Monday, November, 9th. The company reported $11.26 EPS for the quarter, topping the Zacks' consensus estimate of ($3.17) by $14.43. The firm earned $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. Sinclair Broadcast Group had a positive trailing twelve-month return on equity of 72.44% and a negative net margin of 46.11%. The company's revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.64) EPS.
View Sinclair Broadcast Group's earnings history
.

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 5th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.20 per share on Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Monday, November 30th.
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 2.46%. The dividend payout ratio of Sinclair Broadcast Group is 26.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 63.49% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its dividend.
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 fourth quarter 2020 Pre-Market earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.491-1.515 billion, compared to the consensus revenue estimate of $1.64 billion.

What price target have analysts set for SBGI?

6 Wall Street analysts have issued 1-year price targets for Sinclair Broadcast Group's shares. Their forecasts range from $17.00 to $35.00. On average, they expect Sinclair Broadcast Group's share price to reach $26.33 in the next year. This suggests that the stock has a possible downside of 18.7%.
View analysts' price targets for Sinclair Broadcast Group
or view Wall Street analyst' top-rated stocks.

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).

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. Jeff Carroll, VP of Marketing

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 retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (0.65%), Grant GrossMendelsohn LLC (0.06%), Kovack Advisors Inc. (0.03%), Janney Montgomery Scott LLC (0.01%), Nisa Investment Advisors LLC (0.00%) and Kinloch Capital LLC (0.00%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, Lawrence E Mccanna, Robert E Smith 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 Beach Point Capital Management LP. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Benson E Legg, Howard E Friedman, 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 acquired by a variety of institutional investors in the last quarter, including Grant GrossMendelsohn LLC, Kovack Advisors Inc., Janney Montgomery Scott LLC, Kinloch Capital LLC, and Nisa Investment Advisors LLC. 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.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $32.40.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $2.40 billion and generates $4.24 billion in revenue each year. The company earns $47 million in net income (profit) each year or $2.97 on an earnings per share basis. Sinclair Broadcast Group employs 11,800 workers across the globe.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is 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.

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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