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

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

Sinclair Broadcast Group declared a quarterly dividend on Wednesday, November 6th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.20 per share on Monday, December 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, November 27th. View Sinclair Broadcast Group's Dividend History.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its earnings results on Wednesday, November, 6th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.98. The company earned $1.13 billion during the quarter, compared to analysts' expectations of $1.29 billion. Sinclair Broadcast Group had a net margin of 5.99% and a return on equity of 25.47%. The business's revenue was up 46.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. View Sinclair Broadcast Group's Earnings History.

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Sinclair Broadcast Group.

8 equities research analysts have issued 12-month target prices for Sinclair Broadcast Group's shares. Their forecasts range from $37.00 to $80.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $53.57 in the next twelve months. This suggests a possible upside of 60.1% from the stock's current price. View Analyst Price Targets for 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 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

News headlines about SBGI stock have trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Sinclair Broadcast Group earned a news impact score of 0.7 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Sinclair Broadcast Group.

Sinclair Broadcast Group saw a drop in short interest during the month of December. As of December 13th, there was short interest totalling 5,140,000 shares, a drop of 8.5% from the November 28th total of 5,620,000 shares. Based on an average trading volume of 916,100 shares, the short-interest ratio is presently 5.6 days. Approximately 8.0% of the company's stock are short sold. View Sinclair Broadcast Group's Current Options Chain.

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), Entravision Communication (EVC), Saga Communications (SGA), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair Broadcast Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Bank of America (bac), Gilead Sciences (GILD), QUALCOMM (QCOM), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), AbbVie (ABBV) and AT&T (T).

Sinclair Broadcast Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Selz Capital LLC (0.32%), Tocqueville Asset Management L.P. (0.06%), Alpine Global Management LLC (0.01%), Alpha Windward LLC (0.01%), Penbrook Management LLC (0.01%) and FNY Investment Advisers LLC (0.01%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Lawrence E Mccanna, Robert E Smith 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 Penbrook Management LLC. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Daniel C Keith, David B Amy, David R Bochenek, Lawrence E Mccanna, Robert E Smith and Steven M Marks. View Insider Buying and Selling for Sinclair Broadcast Group.

SBGI stock was bought by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Selz Capital LLC, Alpine Global Management LLC, FNY Investment Advisers LLC, Alpha Windward LLC and Steward Partners Investment Advisory LLC. View Insider Buying and Selling for 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.

One share of SBGI stock can currently be purchased for approximately $33.46.

Sinclair Broadcast Group has a market capitalization of $3.08 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.View Additional Information About Sinclair Broadcast Group.

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

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.