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

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 32.7% and is now trading at $12.95. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sinclair Broadcast Group.

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Sinclair Broadcast Group.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its earnings results on Wednesday, February, 26th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $1.08 by $0.61. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. Sinclair Broadcast Group had a net margin of 1.13% and a return on equity of 17.71%. The business's revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 earnings per share. View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, February 27th. Investors of record on Monday, March 9th will be paid a dividend of $0.20 per share on Friday, March 20th. This represents a $0.80 annualized dividend and a yield of 6.18%. The ex-dividend date is Friday, March 6th. View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group issued an update on its first quarter 2020 After-Hours earnings guidance on Monday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.647-1.675 billion, compared to the consensus revenue estimate of $1.68 billion.

8 equities research analysts have issued 12-month price targets for Sinclair Broadcast Group's shares. Their forecasts range from $22.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's share price to reach $42.29 in the next twelve months. This suggests a possible upside of 226.5% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

News articles about SBGI stock have been trending very negative this week, according to InfoTrie. The research firm ranks the sentiment of news 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 positive five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutSinclair Broadcast Group.

Sinclair Broadcast Group saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,975,500 shares, an increase of 36.8% from the February 27th total of 5,830,000 shares. Based on an average daily volume of 3,185,000 shares, the short-interest ratio is presently 2.5 days. Currently, 12.7% of the shares of the 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 AT&T (T), Walt Disney (DIS), Metlife (MET), Roku (ROKU), Twitter (TWTR), Netflix (NFLX), Las Vegas Sands (LVS), Comcast (CMCSA), Activision Blizzard (ATVI) and Brighthouse Financial (BHF).

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

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 $12.95.

Sinclair Broadcast Group has a market capitalization of $1.19 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. 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.