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

$44.06
-0.21 (-0.47 %)
(As of 09/16/2019 01:01 AM ET)
Today's Range
$43.81
Now: $44.06
$44.73
50-Day Range
$42.16
MA: $46.08
$56.32
52-Week Range
$25.14
Now: $44.06
$66.57
Volume738,576 shs
Average Volume827,035 shs
Market Capitalization$4.06 billion
P/E Ratio13.15
Dividend Yield1.81%
Beta1.22
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. Read More…

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.06 billion
Cash Flow$7.5966 per share
Book Value$16.92 per share

Profitability

Net Income$341.24 million

Miscellaneous

Employees9,000
Market Cap$4.06 billion
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

What is Sinclair Broadcast Group's stock symbol?

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

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, August 7th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.20 per share on Monday, September 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, August 29th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday, August, 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The company earned $771 million during the quarter, compared to the consensus estimate of $764.48 million. Sinclair Broadcast Group had a return on equity of 23.05% and a net margin of 10.60%. Sinclair Broadcast Group's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. View Sinclair Broadcast Group's Earnings History.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Sinclair Broadcast Group.

What guidance has Sinclair Broadcast Group issued on next quarter's earnings?

Sinclair Broadcast Group updated its third quarter 2019 earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $744-744 million, compared to the consensus revenue estimate of $761.89 million.

What price target have analysts set for SBGI?

8 equities research analysts have issued 1-year price targets for Sinclair Broadcast Group's stock. Their predictions range from $32.00 to $80.00. On average, they anticipate Sinclair Broadcast Group's share price to reach $55.2857 in the next year. This suggests a possible upside of 25.5% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.

What is the consensus analysts' recommendation 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 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

Press coverage about SBGI stock has been trending somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Sinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,447,500 shares, a decrease of 11.1% from the July 31st total of 6,124,800 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 8.5% 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?

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 Gilead Sciences (gild), QUALCOMM (qcom), Sorrento Therapeutics (SRNE), Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Marvell Technology Group (MRVL), NVIDIA (NVDA), AbbVie (ABBV) and Allergan (AGN).

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the folowing 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)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.63%), Renaissance Technologies LLC (4.70%), BlackRock Inc. (4.06%), JPMorgan Chase & Co. (3.06%), Bank of New York Mellon Corp (1.39%) and Invesco Ltd. (1.03%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, 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 BlackRock Inc., Baupost Group LLC MA, Bank of New York Mellon Corp, Raging Capital Management LLC, Morgan Stanley, Bank of America Corp DE, LSV Asset Management and Strs Ohio. 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.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Invesco Ltd., Eagle Asset Management Inc., Capital Growth Management LP, Nuveen Asset Management LLC, D. E. Shaw & Co. Inc. and Carillon Tower Advisers Inc.. View Insider Buying and Selling 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 $44.06.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $4.06 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.

What is Sinclair Broadcast Group's official website?

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


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  355 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  647
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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