Sinclair Broadcast Group Stock Forecast, Price & News

4 Wall Street 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 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.
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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.

Sinclair Broadcast Group will be holding an earnings conference call on Wednesday, August 4th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) posted its quarterly earnings data 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 business earned $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Sinclair Broadcast Group had a negative trailing twelve-month return on equity of 163.38% and a negative net margin of 42.82%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 EPS.
View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SBGI stock has increased by 47.0% and is now trading at $28.29.
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Sinclair Broadcast Group declared a quarterly dividend on Wednesday, May 5th. Investors of record on Tuesday, June 1st will be given a dividend of $0.20 per share on Tuesday, June 15th. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, May 28th.
View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.83%. 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%. Based on EPS estimates, Sinclair Broadcast Group will have a dividend payout ratio of 78.43% in the coming year. This indicates that Sinclair Broadcast Group may not be able to sustain their current dividend.
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Sinclair Broadcast Group issued an update on its second quarter 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) 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.

4 brokers have issued 1-year price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $31.00 to $35.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $33.33 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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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.

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).
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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).

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

Sinclair Broadcast Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (2.41%), Capital Management Corp VA (0.65%), Dupont Capital Management Corp (0.03%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%), Rathbone Brothers plc (0.01%) and Exchange Traded Concepts LLC (0.01%). 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 Ruth Louisa Villigerwilson.
View institutional ownership trends for Sinclair Broadcast Group.

SBGI stock was sold by a variety of institutional investors in the last quarter, including Capital Management Corp VA, Dupont Capital Management Corp, and Vaughan Nelson Investment Management L.P.. 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, Lawrence E Mccanna, and Ruth Louisa Villigerwilson.
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SBGI stock was bought by a variety of institutional investors in the last quarter, including Rathbone Brothers plc, Zurcher Kantonalbank Zurich Cantonalbank , Exchange Traded Concepts LLC, and Cutler Group LP. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include Frederick G Smith, and Howard E Friedman.
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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.
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One share of SBGI stock can currently be purchased for approximately $28.29.

Sinclair Broadcast Group has a market capitalization of $2.13 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.

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

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

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

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.