Sinclair Broadcast Group - SBGI Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBGI shares.
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4 equities research analysts have issued 12-month price objectives for Sinclair Broadcast Group's shares. Their SBGI share price forecasts range from $21.00 to $34.00. On average, they expect the company's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 45.7% from the stock's current price.
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Sinclair Broadcast Group's stock was trading at $26.43 on January 1st, 2022. Since then, SBGI shares have decreased by 24.7% and is now trading at $19.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SBGI earnings forecast.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) released its quarterly earnings results on Wednesday, August, 3rd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.35) by $3.18. The firm had revenue of $837 million for the quarter, compared to analyst estimates of $839.76 million. Sinclair Broadcast Group's revenue was down 48.1% on a year-over-year basis. During the same period in the prior year, the business earned ($4.03) earnings per share.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, August 4th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.25 per share on Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for SBGI.

Sinclair Broadcast Group (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.96%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 2.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBGI will have a dividend payout ratio of 46.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBGI.

Sinclair Broadcast Group issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $890.00 million-$911.00 million, compared to the consensus revenue estimate of $907.58 million.

133 employees have rated Sinclair Broadcast Group Chief Executive Officer Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among the company's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Sinclair Broadcast Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Contrarius Investment Management Ltd (6.17%), Gamco Investors INC. ET AL (3.54%), State Street Corp (1.32%), Capital Management Corp VA (1.06%), Pinnacle Associates Ltd. (1.05%) and Millennium Management LLC (0.98%). Insiders that own company stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson.
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Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBGI stock can currently be purchased for approximately $19.91.

Sinclair Broadcast Group (NASDAQ:SBGI) has a market capitalization of $1.43 billion and generates $6.13 billion in revenue each year. The company earns $-414,000,000.00 in net income (profit) each year or $34.29 on an earnings per share basis.

The company employs 11,500 workers across the globe.

Sinclair Broadcast Group's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The official website for the company is www.sbgi.net. The company can be reached via phone at (410) 568-1500 or via fax at 410-568-1533.