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NASDAQ:SBGI

Sinclair Broadcast Group - SBGI Stock Forecast, Price & News

$19.55
-0.63 (-3.12%)
(As of 09/26/2022 12:00 AM ET)
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Compare
Today's Range
$19.48
$20.34
50-Day Range
$20.18
$25.72
52-Week Range
$18.89
$33.62
Volume
829,645 shs
Average Volume
772,876 shs
Market Capitalization
$1.40 billion
P/E Ratio
0.57
Dividend Yield
4.96%
Price Target
$29.00

Sinclair Broadcast Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
48.3% Upside
$29.00 Price Target
Short Interest
Healthy
5.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
-0.14mentions of Sinclair Broadcast Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-94.11%
From $36.85 to $2.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Consumer Discretionary Sector

50th out of 273 stocks

Television Broadcasting Stations Industry

4th out of 14 stocks

SBGI stock logo

About Sinclair Broadcast Group (NASDAQ:SBGI) Stock

Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment 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 programming to television viewing audiences in the communities through its local television stations. As of December 31, 2021, the segment owned, operated, and provided services to 185 stations and 634 channels in 86 markets. The Local Sports segment operates regional sports networks. This segment broadcasts professional sports games and produce content. In addition, this segment owns regional sports network, which has the rights to air games of 45 professional sports teams and other sporting events. The company also owns and operates Tennis Channel, a cable network, which includes coverage of various tennis' top tournaments and original professional sports and tennis lifestyle shows; the Tennis Channel International streaming service; Tennis Magazine, the sport's print publication; and Tennis.com, an online tennis platform. Further, it owns and operates various networks carried on distribution platforms, including Comet, a science fiction network; CHARGE!, an adventure and action-based network; TBD, a multiscreen TV network; Stadium, a professional sports highlights and college games network; STIRR, an ad-supported DTC streaming app; and NewsON, an ad-supported app that provides access to live or on-demand local news broadcasts, including non-Sinclair affiliate partners. Additionally, the company provides technical services to the broadcast industry; and owns various non-media related investments, such as private equity, mezzanine financing, and real estate investments. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

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SBGI Stock News Headlines

EEOC sues Sinclair for disability discrimination
Sinclair Broadcast Group, Inc. (SBGI)
Billionaire Rob Citrone is Buying These 10 Stocks
Sinclair to Host Investor Day on October 3, 2022
Sinclair Announces Programming Department Promotions
Sinclair Announces Expansion of Digital Executive Team
See More Headlines
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SBGI Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Today
9/26/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SBGI
CUSIP
82922610
Employees
11,500
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+48.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-414,000,000.00
Pretax Margin
61.10%

Debt

Sales & Book Value

Annual Sales
$6.13 billion
Cash Flow
$36.20 per share
Book Value
($23.34) per share

Miscellaneous

Free Float
43,287,000
Market Cap
$1.40 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. David D. Smith (Age 71)
    Exec. Chairman
    Comp: $3.36M
  • Mr. Christopher S. Ripley (Age 45)
    Pres & CEO
    Comp: $3.36M
  • Ms. Lucy A. Rutishauser (Age 57)
    Exec. VP & CFO
    Comp: $1.59M
  • Mr. Robert D. Weisbord (Age 59)
    COO & Pres of Broadcast
    Comp: $2.46M
  • Mr. David B. Gibber (Age 40)
    Sr. VP & Gen. Counsel
    Comp: $1.11M
  • Dr. Frederick G. Smith (Age 72)
    VP & Director
  • Mr. J. Duncan Smith (Age 68)
    VP, Sec. & Director
  • Mr. David R. Bochenek (Age 59)
    Sr. VP & Chief Accounting Officer
  • Mr. Delbert R. Parks III (Age 69)
    Pres of Technology
  • Mr. Brian S. Bark (Age 52)
    Exec. VP & Chief Information Officer













SBGI Stock - Frequently Asked Questions

Should I buy or sell Sinclair Broadcast Group stock right now?

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.
View SBGI analyst ratings
or view top-rated stocks.

What is Sinclair Broadcast Group's stock price forecast for 2022?

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.
View analysts price targets for SBGI
or view top-rated stocks among Wall Street analysts.

How have SBGI shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Sinclair Broadcast Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SBGI earnings forecast
.

How were Sinclair Broadcast Group's earnings last quarter?

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.

How often does Sinclair Broadcast Group pay dividends? What is the dividend yield for Sinclair Broadcast Group?

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
.

Is Sinclair Broadcast Group a good dividend stock?

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.

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

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.

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

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.

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), 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 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.
View institutional ownership trends
.

How do I buy shares of Sinclair Broadcast Group?

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.
Compare Top Brokerages Here.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $19.91.

How much money does Sinclair Broadcast Group make?

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.

How many employees does Sinclair Broadcast Group have?

The company employs 11,500 workers across the globe.

How can I contact Sinclair Broadcast Group?

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.

This page (NASDAQ:SBGI) was last updated on 9/26/2022 by MarketBeat.com Staff

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