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NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

+0.30 (+1.63 %)
(As of 05/29/2020 04:00 PM ET)
Today's Range
Now: $18.69
50-Day Range
MA: $16.18
52-Week Range
Now: $18.69
Volume1.27 million shs
Average Volume1.54 million shs
Market Capitalization$1.50 billion
P/E Ratio11.47
Dividend Yield4.30%
Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. 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, 2018, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 605 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. Further, the company 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. Additionally, it offers Tennis Magazine; and operates Tennis.com, an online tennis platform. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.99 out of 5 stars

Industry, Sector and Symbol

Industry Television broadcasting stations
Current SymbolNASDAQ:SBGI



Sales & Book Value

Annual Sales$4.24 billion
Cash Flow$9.35 per share
Book Value$20.67 per share


Net Income$47 million


Market Cap$1.50 billion
Next Earnings Date8/5/2020 (Estimated)

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

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 (WHO). Since then, SBGI shares have decreased by 2.9% and is now trading at $18.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sinclair Broadcast Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sinclair Broadcast Group.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. 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 Wednesday, May, 6th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $1.31. The business earned $1.61 billion during the quarter, compared to analyst estimates of $1.64 billion. Sinclair Broadcast Group had a return on equity of 23.41% and a net margin of 2.91%. The company's revenue for the quarter was up 122.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. 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 announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 annualized dividend and a yield of 4.28%. The ex-dividend date is Friday, May 29th. 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 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.398-1.44 billion, compared to the consensus revenue estimate of $1.58 billion.

What price target have analysts set for SBGI?

8 brokers have issued twelve-month price targets for Sinclair Broadcast Group's shares. Their forecasts range from $11.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $35.00 in the next year. This suggests a possible upside of 87.3% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

Headlines about SBGI stock have been trending somewhat negative this week, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutSinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,510,000 shares, a decline of 14.0% from the April 15th total of 9,900,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is presently 3.6 days. Approximately 13.8% of the shares of the company are sold short. View Sinclair Broadcast Group's Current Options Chain.

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 Walt Disney (DIS), AT&T (T), Metlife (MET), Roku (ROKU), Comcast (CMCSA), Twitter (TWTR), Las Vegas Sands (LVS), Netflix (NFLX), Alibaba Group (BABA) and Carnival (CCL).

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 68)
  • Mr. Christopher S. Ripley, Pres & CEO (Age 42)
  • Ms. Lucy A. Rutishauser, Sr. VP & CFO (Age 54)
  • Mr. Steven M. Marks, Exec. VP & COO of Sinclair Television Group, Inc. (Age 62)
  • Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 57)

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.54%), Contrarius Investment Management Ltd (2.02%), Apollo Management Holdings L.P. (1.20%), American Financial Group Inc. (1.20%), Bank of New York Mellon Corp (1.01%) and Capital Management Corp VA (0.93%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Frederick G Smith, 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 AQR Capital Management LLC, Eagle Asset Management Inc., Morgan Stanley, Morgan Stanley, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Lawrence E Mccanna, and Steven M Marks. View insider buying and selling activity 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 Contrarius Investment Management Ltd, UBS Group AG, Apollo Management Holdings L.P., Vaughan Nelson Investment Management L.P., Healthcare of Ontario Pension Plan Trust Fund, Capital Management Corp VA, American Financial Group Inc., and BDO Wealth Advisors LLC. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, and Frederick G Smith. View insider buying and selling activity 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, 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 $18.69.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.50 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 5/30/2020 by MarketBeat.com Staff

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