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About Sinclair Broadcast Group (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales 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, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 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 offers digital agency services; and broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. In addition, it provides sign design and fabrication services; and invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as private equity and structured debt/mezzanine financing investment funds. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500
Debt
Debt-to-Equity Ratio2.47
Current Ratio2.90
Quick Ratio2.90
Price-To-Earnings
Trailing P/E Ratio10.73
Forward P/E Ratio8.89
P/E Growth4.56
Sales & Book Value
Annual Sales$2.73 billion
Price / Sales1.12
Cash Flow$6.4072 per share
Price / Cash4.69
Book Value$15.08 per share
Price / Book1.99
Profitability
EPS (Most Recent Fiscal Year)$2.80
Net Income$576.01 million
Net Margins20.44%
Return on Equity22.02%
Return on Assets4.45%
Miscellaneous
Employees8,900
Outstanding Shares102,230,000
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 Thursday, May 10th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.18 per share on Friday, June 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, May 31st. 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 data on Wednesday, February, 28th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $1.07. The firm earned $734 million during the quarter, compared to analysts' expectations of $733.41 million. Sinclair Broadcast Group had a net margin of 20.44% and a return on equity of 22.02%. The company's revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. View Sinclair Broadcast Group's Earnings History.
When is Sinclair Broadcast Group's next earnings date?
What price target have analysts set for SBGI?
9 brokers have issued 1-year target prices for Sinclair Broadcast Group's shares. Their predictions range from $38.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $47.00 in the next year. View Analyst Ratings for Sinclair Broadcast Group.
What are Wall Street analysts saying about Sinclair Broadcast Group stock?
Here are some recent quotes from research analysts about Sinclair Broadcast Group stock:
- 1. Benchmark Co. analysts commented, "We still believe August looks like the most likely time frame for a close, but remain confident the deal will ultimately get done, sending shares and the space higher. From a fundamental perspective, Sinclair had one of the better results in the space from a net revenue and EBITDA perspective, even with core down mid-single digits, as ancillary revenue streams, including retrans, and a delay in the timing of certain expenses drove upside vs. a muted consensus. For the first time in several quarters, forward revenue guidance also came in above the street, as core was set to improve modestly q/q, and a higher ancillary revenue base set a better run-rate for the year." (5/10/2018)
- 2. According to Zacks Investment Research, "Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. " (3/6/2018)
Who are some of Sinclair Broadcast Group's key competitors?
Some companies that are related to Sinclair Broadcast Group include Rtl Group (RGLXF), GRUPO TELEVISA/S (TV), PROSIEBENSAT1 MED. (PBSFY), Liberty Media (FWONK), Liberty Media (FWONB), Liberty Media Formula One Series A (FWONA), Tribune Media (TRCO), Nexstar Media Group (NXST), TF1 Group (TVFCF), TEGNA (TGNA), E. W. Scripps (SSP), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV) and Phoenix New Media (FENG).
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 67)
- Mr. Christopher S. Ripley, Pres & CEO (Age 41)
- Mr. Barry M. Faber, Exec. VP of Distribution & Network Relations and Gen. Counsel (Age 56)
- Mr. David B. Amy, Vice Chairman (Age 65)
- Mr. Steven M. Marks, EVP & COO for Sinclair Television Group, Inc. (Age 61)
Has Sinclair Broadcast Group been receiving favorable news coverage?
Press coverage about SBGI stock has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.15 on Accern's scale. They also assigned news coverage about the company an impact score of 46.02 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Sinclair Broadcast Group's major shareholders?
Sinclair Broadcast Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include HG Vora Capital Management LLC (7.42%), BlackRock Inc. (4.52%), OppenheimerFunds Inc. (3.12%), Principal Financial Group Inc. (2.93%), Principal Financial Group Inc. (2.95%) and Dimensional Fund Advisors LP (2.09%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. 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 Point72 Asset Management L.P., Principal Financial Group Inc., Principal Financial Group Inc., Schwab Charles Investment Management Inc., Sound Point Capital Management LP, Highland Capital Management LP, JPMorgan Chase & Co. and Northern Trust Corp. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Howard E Friedman and Lawrence E Mccanna. 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 HG Vora Capital Management LLC, Meghalaya Partners L.P., General American Investors Co. Inc., OppenheimerFunds Inc., Russell Investments Group Ltd., Royal Bank of Canada, Schroder Investment Management Group and Highbridge Capital Management LLC. 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, Scottrade, Fidelity and Charles Schwab.
What is Sinclair Broadcast Group's stock price today?
One share of SBGI stock can currently be purchased for approximately $30.05.
How big of a company is Sinclair Broadcast Group?
Sinclair Broadcast Group has a market capitalization of $3.15 billion and generates $2.73 billion in revenue each year. The company earns $576.01 million in net income (profit) each year or $2.80 on an earnings per share basis. Sinclair Broadcast Group employs 8,900 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 company can be reached via phone at 410-568-1500.
MarketBeat Community Rating for Sinclair Broadcast Group (SBGI)
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.
Sinclair Broadcast Group (NASDAQ:SBGI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Sinclair Broadcast Group in the last 12 months. Their average twelve-month price target is $47.00, suggesting that the stock has a possible upside of 56.41%. The high price target for SBGI is $55.00 and the low price target for SBGI is $38.00. There are currently 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $47.00 | $48.4444 | $47.50 | $46.8889 |
| Price Target Upside: | 56.41% upside | 45.15% upside | 29.60% upside | 56.30% upside |
Sinclair Broadcast Group (NASDAQ:SBGI) Consensus Price Target History
Sinclair Broadcast Group (NASDAQ:SBGI) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Sinclair Broadcast Group (NASDAQ:SBGI) Dividend Information
Sinclair Broadcast Group pays an annual dividend of $0.72 per share, with a dividend yield of 2.40%. SBGI's next quarterly dividend payment will be made on Friday, June 15. Sinclair Broadcast Group pays out 25.71% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 2.40% |
| Payout Ratio(s): | 25.71% (Trailing 12 Months of Earnings)
21.30% (Based on This Year's Estimates)
25.62% (Based on Next Year's Estimates)
11.24% (Based on Cash Flow)
|
Sinclair Broadcast Group (NASDAQ:SBGI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/10/2018 | quarterly | $0.18 | 2.44% | 5/31/2018 | 6/1/2018 | 6/15/2018 |
| 3/1/2018 | quarterly | $0.18 | 2.16% | 3/8/2018 | 3/9/2018 | 3/23/2018 |
| 11/1/2017 | Quarterly | $0.18 | 2.35% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 8/2/2017 | quarterly | $0.18 | 2.06% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/3/2017 | quarterly | $0.18 | 1.93% | 5/30/2017 | 6/1/2017 | 6/15/2017 |
| 2/22/2017 | quarterly | $0.18 | 1.87% | 2/27/2017 | 3/1/2017 | 3/15/2017 |
| 11/4/2016 | Quarterly | $0.18 | | 11/29/2016 | 12/1/2016 | 12/15/2016 |
| 8/3/2016 | Quarterly | $0.18 | | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/4/2016 | Quarterly | $0.18 | | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/24/2016 | Quarterly | $0.1650 | | 3/3/2016 | 3/7/2016 | 3/18/2016 |
| 11/4/2015 | Quarterly | $0.1650 | | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 8/5/2015 | | $0.1650 | | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/6/2015 | quarterly | $0.1650 | 2.2% | 5/28/2015 | 6/1/2015 | 6/12/2015 |
| 2/18/2015 | quarterly | $0.1650 | 2.33% | 2/25/2015 | 2/27/2015 | 3/13/2015 |
| 11/5/2014 | quarterly | $0.1650 | 2.41% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 8/6/2014 | quarterly | $0.1650 | 2.04% | 8/27/2014 | 8/29/2014 | 9/15/2014 |
| 5/7/2014 | quarterly | $0.15 | 2.13% | 5/28/2014 | 5/30/2014 | 6/13/2014 |
| 2/12/2014 | quarterly | $0.15 | 2.28% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 11/6/2013 | quarterly | $0.15 | 1.76% | 11/26/2013 | 11/29/2013 | 12/13/2013 |
| 8/7/2013 | quarterly | $0.15 | 2.26% | 8/28/2013 | 8/30/2013 | 9/13/2013 |
| 4/29/2013 | quarterly | $0.15 | 2.24% | 5/29/2013 | 5/31/2013 | 6/14/2013 |
| 2/6/2013 | quarterly | $0.15 | 4.22% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Sinclair Broadcast Group (NASDAQ SBGI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 29.24%
Institutional Ownership Percentage: 84.89%
Sinclair Broadcast Group (NASDAQ SBGI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 10/2/2017 | Howard E Friedman | Director | Sell | 1,010 | $31.98 | $32,299.80 | 10,990 |  |
| 6/14/2017 | Lawrence E. Mccanna | Director | Sell | 2,000 | $34.75 | $69,500.00 | | |
| 5/5/2017 | David D Smith | Insider | Buy | 4,400 | $36.77 | $161,788.00 | | |
| 3/2/2017 | Barry Faber | VP | Sell | 9,922 | $41.24 | $409,183.28 | | |
| 3/2/2017 | David B. Amy | Vice Chairman | Sell | 28,000 | $40.87 | $1,144,360.00 | | |
| 3/2/2017 | David R. Bochenek | Insider | Sell | 5,000 | $41.38 | $206,900.00 | | |
| 3/2/2017 | Lucy Rutishauser | CFO | Sell | 2,437 | $41.22 | $100,453.14 | | |
| 3/2/2017 | Martin R Leader | Director | Sell | 10,000 | $41.16 | $411,600.00 | 55,594 | |
| 2/28/2017 | J Duncan Smith | Insider | Sell | 70,000 | $40.15 | $2,810,500.00 | | |
| 2/23/2017 | David R. Bochenek | Insider | Sell | 5,000 | $39.81 | $199,050.00 | | |
| 1/15/2017 | David D Smith | Chairman | Buy | 16,500 | $29.59 | $488,235.00 | | |
| 11/22/2016 | Lawrence E. Mccanna | Director | Sell | 5,000 | $31.97 | $159,850.00 | | |
| 10/5/2016 | Lawrence E. Mccanna | Director | Sell | 2,000 | $28.63 | $57,260.00 | | |
| 3/11/2016 | Barry Faber | VP | Sell | 14,417 | $32.86 | $473,742.62 | 41,922 | |
| 1/8/2016 | Martin R Leader | Director | Sell | 1,000 | $30.71 | $30,710.00 | 62,794 | |
| 11/6/2015 | Lucy Rutishauser | SVP | Sell | 2,334 | $33.50 | $78,189.00 | 19,850 | |
| 6/17/2015 | Lawrence E Mccanna | Director | Sell | 2,000 | $29.34 | $58,680.00 | | |
| 3/30/2015 | David R Bochenek | CAO | Sell | 4,000 | $31.76 | $127,040.00 | | |
| 3/24/2015 | Lucy Rutishauser | SVP | Sell | 2,713 | $31.19 | $84,618.47 | | |
| 3/20/2015 | Barry Faber | VP | Sell | 18,155 | $31.15 | $565,528.25 | | |
| 3/13/2015 | Lucy Rutishauser | SVP | Sell | 6,530 | $28.00 | $182,840.00 | | |
| 7/7/2014 | Steven M Marks | COO | Sell | 8,000 | $35.77 | $286,160.00 | | |
| 7/1/2014 | Robert E Smith | Director | Sell | 138,880 | $35.20 | $4,888,576.00 | | |
| 6/27/2014 | Barry Faber | VP | Sell | 10,911 | $34.43 | $375,665.73 | | |
| 6/24/2014 | Lawrence E Mccanna | Director | Sell | 1,500 | $29.36 | $44,040.00 | | |
| 6/18/2014 | Frederick G Smith | Major Shareholder | Sell | 110,185 | $30.31 | $3,339,707.35 | | |
| 5/19/2014 | Barry Faber | VP | Sell | 6,400 | $29.33 | $187,712.00 | 62,066 | |
| 4/2/2014 | Steven Marks | COO | Sell | 6,000 | $26.95 | $161,700.00 | 75,170 | |
| 3/4/2014 | Lawrence Mccanna | Director | Sell | 2,000 | $30.00 | $60,000.00 | 28,625 | |
| 12/23/2013 | Robert Smith | Director | Sell | 63,251 | $34.60 | $2,188,484.60 | | |
| 12/20/2013 | Robert Smith | Director | Sell | 17,061 | $34.11 | $581,950.71 | | |
| 12/18/2013 | Robert Smith | Director | Sell | 6,800 | $34.11 | $231,948.00 | | |
| 12/17/2013 | Robert Smith | Director | Sell | 3,300 | $34.12 | $112,596.00 | | |
| 12/13/2013 | Robert Smith | Director | Sell | 54,588 | $34.49 | $1,882,740.12 | | |
| 5/15/2013 | J Duncan Smith | Major Shareholder | Sell | 739,815 | $26.30 | $19,457,134.50 | | |
| 5/15/2013 | Robert E Smith | Director | Sell | 870,370 | $26.30 | $22,890,731.00 | | |
(Data available from 1/1/2013 forward)
Sinclair Broadcast Group (NASDAQ SBGI) News Headlines
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Sinclair Broadcast Group (NASDAQ:SBGI) SEC Filings
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Sinclair Broadcast Group (NASDAQ:SBGI) Income Statement, Balance Sheet and Cash Flow Statement
Sinclair Broadcast Group (NASDAQ SBGI) Stock Chart for Wednesday, May, 23, 2018
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