NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$31.84

-0.16 (-0.50 %)

(As of 06/18/2021 12:00 AM ET)

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Today's Range

$31.27

▼

$31.92

50-Day Range

$29.45

▼

$34.62

52-Week Range

$16.50

▼

$39.60

Volume845,801 shs

Average Volume700,496 shs

Market Capitalization$2.40 billion

P/E RatioN/A

Dividend Yield2.50%

Beta1.67

30 days | 90 days | 365 days | Advanced Chart

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About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Broadcast and Local Sports. 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, 2020, it owned, operated, and provided services to 188 stations in 88 markets, which broadcast 628 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 owns regional sports network, which has the exclusive rights to air games of 45 professional sports teams and other sporting events. Further, the company offers digital agency services; and provides technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. Additionally, it owns various non-media related investments, including private equity, mezzanine financing, and real estate investments. It also offers Tennis Magazine, a sport's print publication; and operates Tennis.com, an online tennis platform. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

Sinclair Broadcast Group Teams Up With American Red Cross and Other Blood Collection Centers Nationally, Urging Viewers to Participate in Blood Donation Efforts
June 14, 2021 | finance.yahoo.com

Sinclair to Webcast 2021 Annual Meeting of Stockholders
June 9, 2021 | finance.yahoo.com

Sinclair Broadcast Group Named to Fortune 500 List
June 2, 2021 | finance.yahoo.com

Sinclair Broadcast Group (NASDAQ:SBGI) Issues Q2 2021 Earnings Guidance
May 26, 2021 | americanbankingnews.com

Sinclair Announces Planned Retirement of Barry Faber, President of Distribution and Network Relations
May 25, 2021 | finance.yahoo.com

Sinclair Sports Networks Start Formal Debt Talks with Creditors
May 20, 2021 | finance.yahoo.com

Sinclair Broadcast Group’s WBFF/Baltimore and WKRC/Cincinnati Honored with National Headliner Awards for Journalistic Excellence from the Press Club of Atlantic City
May 18, 2021 | finance.yahoo.com

Sinclair Names Courtney Youngblood Vice President and General Manager in Asheville, North Carolina
May 17, 2021 | finance.yahoo.com

Sinclair Broadcast Group Newsrooms Win 37 RTDNA Regional Edward R. Murrow Awards
May 7, 2021 | finance.yahoo.com

Sinclair Broadcast Group, Inc. (SBGI) CEO Chris Ripley on Q1 2021 Results - Earnings Call Transcript
May 6, 2021 | seekingalpha.com

See More Headlines

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
Employees11,600
Year FoundedN/A

Sales & Book Value

Annual Sales$5.94 billion
Price / Sales0.40
Cash Flow$32.82 per share
Price / Cash Flow0.97
Book Value($16.02) per share
Price / Book-1.99

Profitability

EPS (Most Recent Fiscal Year)$7.84
Net Income$-2,414,000,000.00
Net Margins-42.82%
Return on Equity-163.38%
Return on Assets6.55%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares75,329,000
Market Cap$2.40 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.51 out of 5 stars

Consumer Discretionary Sector

167th out of 596 stocks

Television Broadcasting Stations Industry

10th out of 28 stocks

1.0 Analyst's Opinion

Consensus Rating
Sinclair Broadcast Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $28.75, Sinclair Broadcast Group has a forecasted downside of 9.7% from its current price of $31.84.
Amount of Analyst Coverage
Sinclair Broadcast Group has received no research coverage in the past 90 days.

2.6 Community Rank

Outperform Votes
Sinclair Broadcast Group has received 432 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sinclair Broadcast Group has received 408 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sinclair Broadcast Group has received 51.43% “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.

1.7 Dividend Strength

Dividend Yield
Sinclair Broadcast Group pays a meaningful dividend of 2.50%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sinclair Broadcast Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Sinclair Broadcast Group is 10.20%. This payout ratio is at a healthy, sustainable level, below 75%.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sinclair Broadcast Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $34,839,461.00 in company stock.
Percentage Held by Insiders
37.70% of the stock of Sinclair Broadcast Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
55.58% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Sinclair Broadcast Group are expected to grow in the coming year, from ($5.51) to ($2.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sinclair Broadcast Group is -0.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sinclair Broadcast Group is -0.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

Is Sinclair Broadcast Group a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Sinclair Broadcast Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares.
View analyst ratings for Sinclair Broadcast Group or view top-rated stocks.

What stocks does MarketBeat like better than Sinclair Broadcast Group?

Wall Street analysts have given Sinclair Broadcast Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sinclair Broadcast Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Sinclair Broadcast Group.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) issued its quarterly earnings results on Tuesday, May, 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.18) by $2.02. The firm earned $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. Sinclair Broadcast Group had a negative net margin of 42.82% and a negative trailing twelve-month return on equity of 163.38%. The firm's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS.
View Sinclair Broadcast Group's earnings history.

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 (WHO). Since then, SBGI shares have increased by 65.5% and is now trading at $31.84.
View which stocks have been most impacted by COVID-19.

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 Wednesday, May 5th. Investors of record on Tuesday, June 1st will be paid a dividend of $0.20 per share on Tuesday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, May 28th.
View Sinclair Broadcast Group's dividend history.

Is Sinclair Broadcast Group a good dividend stock?

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.50%. Sinclair Broadcast Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Sinclair Broadcast Group is 10.20%. This payout ratio is at a healthy, sustainable level, below 75%.
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 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $1.58 billion-$1.62 billion, compared to the consensus revenue estimate of $1.54 billion.

What price target have analysts set for SBGI?

4 analysts have issued 12-month price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $19.00 to $35.00. On average, they expect Sinclair Broadcast Group's stock price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts' price targets for Sinclair Broadcast Group or view top-rated stocks among Wall Street analysts.

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 70, Pay $2.41M)
Mr. Christopher S. Ripley, Pres & CEO (Age 44, Pay $2.41M)
Ms. Lucy A. Rutishauser, Exec. VP & CFO (Age 56, Pay $1.45M)
Dr. Frederick G. Smith, VP & Director (Age 71)
Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 59, Pay $2.9M)
Mr. J. Duncan Smith, VP, Sec. & Director (Age 67)
Mr. Robert D. Weisbord, Pres of Broadcast & Chief Advter. Revenue Officer (Age 58, Pay $1.63M)
Mr. David R. Bochenek, Sr. VP & Chief Accounting Officer (Age 58)
Mr. Delbert R. Parks III, Exec. VP & CTO (Age 68)
Mr. Brian S. Bark, Sr. VP & Chief Information Officer (Age 52)

What is Christopher Ripley's approval rating as Sinclair Broadcast Group's CEO?

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

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

Some companies that are related to Sinclair Broadcast Group include Discovery (DISCA), Formula One Group (FWONA), Nexstar Media Group (NXST), Entravision Communications (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
View all of SBGI's 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 Alibaba Group (BABA), The Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT).

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.02%), Contrarius Investment Management Ltd (4.96%), Goldman Sachs Group Inc. (2.92%), Gamco Investors INC. ET AL (2.68%), Vaughan Nelson Investment Management L.P. (2.46%) and Gabelli Funds LLC (1.07%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna 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 Morgan Stanley, Victory Capital Management Inc., Northern Trust Corp, Voloridge Investment Management LLC, Barclays PLC, Cubist Systematic Strategies LLC, Aigen Investment Management LP, and Schroder Investment Management Group. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, J Duncan Smith, and Lawrence E Mccanna.
View insider buying and selling activity for Sinclair Broadcast Group or view top insider-selling stocks.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Gamco Investors INC. ET AL, Arrowstreet Capital Limited Partnership, Gabelli Funds LLC, BlackRock Inc., Vaughan Nelson Investment Management L.P., Nordea Investment Management AB, and Man Group plc. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, Frederick G Smith, and Howard E Friedman.
View insider buying and selling activity for Sinclair Broadcast Group or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $31.84.

How much money does Sinclair Broadcast Group make?

Sinclair Broadcast Group has a market capitalization of $2.40 billion and generates $5.94 billion in revenue each year. The company earns $-2,414,000,000.00 in net income (profit) each year or $7.84 on an earnings per share basis.

How many employees does Sinclair Broadcast Group have?

Sinclair Broadcast Group employs 11,600 workers across the globe.

What is Sinclair Broadcast Group's official website?

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

Where are Sinclair Broadcast Group's headquarters?

Sinclair Broadcast Group is headquartered at 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030.

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 6/19/2021 by MarketBeat.com Staff

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