NASDAQ:SBGI - Sinclair Broadcast Group Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$56.59 +0.19 (+0.34 %)
(As of 05/21/2019 03:00 PM ET)
Previous Close$56.40
Today's Range$56.15 - $57.05
52-Week Range$25.13 - $66.57
Volume809,331 shs
Average Volume1.40 million shs
Market Capitalization$5.17 billion
P/E Ratio16.89
Dividend Yield1.41%
Beta1.56
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.

Receive SBGI News and Ratings via Email

Sign-up to receive the latest news and ratings for SBGI and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.06 billion
Cash Flow$7.5960 per share
Book Value$16.62 per share

Profitability

Net Income$341.24 million

Miscellaneous

Employees9,000
Market Cap$5.17 billion
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

What is Sinclair Broadcast Group's stock symbol?

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

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 9th. Investors of record on Friday, May 31st will be given a dividend of $0.20 per share on Monday, June 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 30th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its quarterly earnings data on Wednesday, May, 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.39 by $0.16. The company had revenue of $722.10 million for the quarter, compared to analyst estimates of $707.94 million. Sinclair Broadcast Group had a net margin of 10.28% and a return on equity of 20.45%. The firm's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. View Sinclair Broadcast Group's Earnings History.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Sinclair Broadcast Group.

What price target have analysts set for SBGI?

9 brokers have issued twelve-month price targets for Sinclair Broadcast Group's stock. Their predictions range from $32.00 to $90.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $48.6250 in the next twelve months. This suggests that the stock has a possible downside of 14.1%. View Analyst Price Targets for Sinclair Broadcast Group.

What is the consensus analysts' recommendation for Sinclair Broadcast Group?

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

Has Sinclair Broadcast Group been receiving favorable news coverage?

News headlines about SBGI stock have trended somewhat positive on Tuesday, according to InfoTrie. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

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 Intel (INTC), QUALCOMM (qcom), Gilead Sciences (gild), Micron Technology (MU), Sorrento Therapeutics (SRNE), Momo (MOMO), NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (bac) and Sempra Energy (SRE).

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the folowing 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)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.75%), Renaissance Technologies LLC (3.52%), Dimensional Fund Advisors LP (3.09%), Goldman Sachs Group Inc. (1.52%), JPMorgan Chase & Co. (1.40%) and AJO LP (1.24%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David R Bochenek, Howard E Friedman, Lawrence E Mccanna and Robert E Smith. View Institutional Ownership Trends for Sinclair Broadcast Group.

Which institutional investors are selling Sinclair Broadcast Group stock?

SBGI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Assenagon Asset Management S.A., Beach Point Capital Management LP, Man Group plc, Dimensional Fund Advisors LP, Goodnow Investment Group LLC, Penn Capital Management Co. Inc. and Tocqueville Asset Management L.P.. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, David B Amy, David R Bochenek, Lawrence E Mccanna and Robert E Smith. View Insider Buying and Selling for Sinclair Broadcast Group.

Which institutional investors are buying Sinclair Broadcast Group stock?

SBGI stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, AJO LP, BlackRock Inc., Voya Investment Management LLC, LSV Asset Management, JPMorgan Chase & Co., Brightline Capital Management LLC and Federated Investors Inc. PA. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $56.59.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $5.17 billion and generates $3.06 billion in revenue each year. The company earns $341.24 million in net income (profit) each year or $3.35 on an earnings per share basis. Sinclair Broadcast Group employs 9,000 workers across the globe.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is http://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.


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  334 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  605
MarketBeat's community ratings are surveys of what our community members think about Sinclair Broadcast Group and other stocks. Vote "Outperform" if you believe SBGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

Featured Article: Insider Trading

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel