NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

$20.25

+0.95 (+4.92 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$19.60

Now: $20.25▼

$20.42

50-Day Range

$13.91

MA: $16.51▼

$19.61

52-Week Range

$10.57

Now: $20.25▼

$59.58

Volume2.14 million shs

Average Volume1.50 million shs

Market Capitalization$1.62 billion

P/E Ratio12.42

Dividend Yield3.95%

Beta1.34

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.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Sinclair Broadcast Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $35.00, Sinclair Broadcast Group has a potential upside of 72.8% from its current price of $20.25.
Amount of Analyst Coverage
Sinclair Broadcast Group has only been the subject of 3 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Sinclair Broadcast Group has received 426 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sinclair Broadcast Group has received 388 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sinclair Broadcast Group has received 52.33% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Sinclair Broadcast Group is a leading dividend payer. It pays a dividend yield of 3.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sinclair Broadcast Group has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Sinclair Broadcast Group is 26.94 %. This payout ratio is at a healthy, sustainable level, below 75%.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sinclair Broadcast Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,282,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 32.30% of the stock of Sinclair Broadcast Group is held by insiders.
Percentage Held by Institutions
69.54% of the stock of Sinclair Broadcast Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Sinclair Broadcast Group are expected to decrease in the coming year, from $1.64 to ($1.24) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sinclair Broadcast Group is 12.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sinclair Broadcast Group is 12.42, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 26.09.
Price to Book Value per Share Ratio
Sinclair Broadcast Group has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Television broadcasting stations

Sub-IndustryBroadcasting

SectorConsumer Discretionary

Current SymbolNASDAQ:SBGI

Previous Symbol

CUSIP82922610

CIK912752

Webwww.sbgi.net

Phone410-568-1500

Debt

Debt-to-Equity Ratio8.12

Current Ratio3.65

Quick Ratio3.65

Price-To-Earnings

Trailing P/E Ratio12.42

Forward P/E Ratio12.35

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.24 billion

Price / Sales0.38

Cash Flow$9.29 per share

Price / Cash Flow2.18

Book Value$18.50 per share

Price / Book1.09

Profitability

EPS (Most Recent Fiscal Year)$2.97

Net Income$47 million

Net Margins2.91%

Return on Equity23.41%

Return on Assets2.60%

Miscellaneous

Employees11,800

Outstanding Shares80,120,000

Market Cap$1.62 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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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. Since then, SBGI stock has increased by 5.2% and is now trading at $20.25. 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) posted its quarterly earnings data on Wednesday, May, 6th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.91% and a return on equity of 23.41%. Sinclair Broadcast Group's revenue for the quarter was up 122.9% compared to the same quarter last year. During the same quarter last year, the business earned $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. Shareholders 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 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend 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 updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share (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 Wall Street analysts have issued twelve-month target prices for Sinclair Broadcast Group's stock. Their forecasts range from $11.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's share price to reach $35.00 in the next year. This suggests a possible upside of 72.8% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

Media stories about SBGI stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. 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 4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect 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 decrease in short interest in April. As of April 30th, there was short interest totaling 8,510,000 shares, a decrease 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 days-to-cover ratio is currently 3.6 days. Approximately 13.8% of the company's stock are short sold. View Sinclair Broadcast Group's Current Options Chain.

Who are some of Sinclair Broadcast Group's key competitors?

Some companies that are related to Sinclair Broadcast Group include Discovery Communications (DISCA), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Central European Media Enterprises (CETV), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM). View all 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 many different institutional and retail investors. Top institutional investors 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 $20.25.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.62 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 6/4/2020 by MarketBeat.com Staff