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NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

$21.87
+0.81 (+3.85 %)
(As of 08/12/2020 04:00 PM ET)
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Compare
Today's Range
$21.59
Now: $21.87▼
$22.63
50-Day Range
$16.80
MA: $19.22▼
$21.87
52-Week Range
$10.57
Now: $21.87▼
$47.76
Volume1.71 million shs
Average Volume1.94 million shs
Market Capitalization$1.75 billion
P/E Ratio5.09
Dividend Yield3.66%
Beta1.35
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. As of December 31, 2018, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 605 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. Further, the company 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. Additionally, it offers Tennis Magazine; and operates Tennis.com, an online tennis platform. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.
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Sinclair Broadcast Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.1Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.93 out of 5 stars


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

Debt

Debt-to-Equity Ratio8.12
Current Ratio3.65
Quick Ratio3.65

Price-To-Earnings

Trailing P/E Ratio5.09
Forward P/E Ratio4.72
P/E GrowthN/A

Sales & Book Value

Annual Sales$4.24 billion
Price / Sales0.41
Cash Flow$9.94 per share
Price / Cash Flow2.20
Book Value$18.50 per share
Price / Book1.18

Profitability

EPS (Most Recent Fiscal Year)$2.97
Net Income$47 million
Net Margins6.37%
Return on Equity34.46%
Return on Assets3.30%

Miscellaneous

Employees11,800
Outstanding Shares80,121,000
Market Cap$1.75 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$21.87
+0.81 (+3.85 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

How has Sinclair Broadcast Group's stock price 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. Since then, SBGI shares have increased by 13.7% and is now trading at $21.87.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Sinclair Broadcast Group?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Sinclair Broadcast Group.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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 earnings results on Wednesday, August, 5th. The company reported $3.12 earnings per share for the quarter, missing the consensus estimate of $4.83 by $1.71. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.42 billion. Sinclair Broadcast Group had a return on equity of 34.46% and a net margin of 6.37%. The business's quarterly revenue was up 66.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS.
View Sinclair Broadcast Group's earnings history.

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 6th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share on Tuesday, September 15th. This represents a $0.80 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, August 31st.
View Sinclair Broadcast Group's dividend history.

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

Sinclair Broadcast Group updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.477-1.514 billion, compared to the consensus revenue estimate of $1.6 billion.

What price target have analysts set for SBGI?

7 brokerages have issued 12 month price targets for Sinclair Broadcast Group's shares. Their forecasts range from $16.00 to $55.00. On average, they expect Sinclair Broadcast Group's stock price to reach $30.25 in the next year. This suggests a possible upside of 38.3% from the stock's current price.
View analysts' price targets for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

News stories about SBGI stock have trended very negative this week, InfoTrie reports. InfoTrie identifies negative and positive news 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 negative five to positive five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of -3.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
View the latest news about Sinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a drop in short interest in July. As of July 31st, there was short interest totaling 6,760,000 shares, a drop of 6.1% from the July 15th total of 7,200,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 13.4% of the company's stock are sold short.
View Sinclair Broadcast Group's Short Interest.

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

Some companies that are related to Sinclair Broadcast Group include Discovery Communications (DISCA), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Central European Media Enterprises (CETV), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
View all 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 Walt Disney (DIS), AT&T (T), Metlife (MET), Roku (ROKU), Comcast (CMCSA), Twitter (TWTR), Alibaba Group (BABA), Las Vegas Sands (LVS), Netflix (NFLX) and Carnival (CCL).

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 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)

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 investors include Goldman Sachs Group Inc. (1.63%), Capital Management Corp VA (0.97%), Bank of New York Mellon Corp (0.70%), First Trust Advisors LP (0.31%), Swiss National Bank (0.18%) and Principal Financial Group Inc. (0.17%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Frederick G Smith, Lawrence E Mccanna, Robert E Smith and Steven M Marks.
View institutional ownership trends for Sinclair Broadcast Group.

Which institutional investors are selling Sinclair Broadcast Group stock?

SBGI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of New York Mellon Corp, New York State Common Retirement Fund, Capital Management Corp VA, State Board of Administration of Florida Retirement System, UBS Group AG, California Public Employees Retirement System, and DAVENPORT & Co LLC.
View insider buying and selling activity for Sinclair Broadcast Group.

Which institutional investors are buying Sinclair Broadcast Group stock?

SBGI stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Aigen Investment Management LP, Principal Financial Group Inc., Duality Advisers LP, Trexquant Investment LP, SG Americas Securities LLC, Natixis Advisors L.P., and American International Group Inc.. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, and Frederick G Smith.
View insider buying and selling activity 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 $21.87.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.75 billion and generates $4.24 billion in revenue each year. The company earns $47 million in net income (profit) each year or $2.97 on an earnings per share basis. Sinclair Broadcast Group employs 11,800 workers across the globe.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is 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.

This page was last updated on 8/12/2020 by MarketBeat.com Staff
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