NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$32.40

-0.10 (-0.31 %)

(As of 01/26/2021 12:00 AM ET)

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Today's Range

$31.90

Now: $32.40▼

$33.01

50-Day Range

$27.80

MA: $31.15▼

$33.81

52-Week Range

$10.57

Now: $32.40▼

$34.57

Volume1.11 million shs

Average Volume901,759 shs

Market Capitalization$2.40 billion

P/E RatioN/A

Dividend Yield2.46%

Beta1.6

Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Local News and Marketing Services; and Sports. 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, 2019, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 629 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 owns regional sports network, which has the exclusive rights to air games of 45 professional sports teams and other sporting events. Further, the company offers digital agency services; and provides broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. Additionally, it owns various non-media related investments, including private equity, mezzanine financing, and real estate investments. It also offers Tennis Magazine; and operates Tennis.com, an online tennis platform. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

MarketRank^™

Overall MarketRank^™

1.74 out of 5 stars

Consumer Discretionary Sector

75th out of 570 stocks

Television Broadcasting Stations Industry

9th out of 28 stocks

1.1 Analyst's Opinion

Consensus Rating
Sinclair Broadcast Group has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $26.33, Sinclair Broadcast Group has a forecasted downside of 18.7% from its current price of $32.40.
Amount of Analyst Coverage
Sinclair Broadcast Group has only been the subject of 3 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Sinclair Broadcast Group has received 432 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sinclair Broadcast Group has received 406 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sinclair Broadcast Group has received 51.55% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Sinclair Broadcast Group pays a meaningful dividend of 2.46%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sinclair Broadcast Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sinclair Broadcast Group is 26.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 63.49% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sinclair Broadcast Group insiders have bought 1,358.97% more of their company's stock than they have sold. Specifically, they have bought $8,616,000.00 in company stock and sold $590,554.00 in company stock.
Percentage Held by Insiders
Only 33.80% of the stock of Sinclair Broadcast Group is held by insiders.
Percentage Held by Institutions
59.00% of the stock of Sinclair Broadcast Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Sinclair Broadcast Group are expected to decrease by -90.77% in the coming year, from $13.65 to $1.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sinclair Broadcast Group is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sinclair Broadcast Group is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sinclair Broadcast Group has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees11,800

Year FoundedN/A

Debt

Debt-to-Equity Ratio6.81

Current Ratio2.61

Quick Ratio2.61

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio2.37

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.24 billion

Price / Sales0.57

Cash Flow$9.34 per share

Price / Cash Flow3.47

Book Value$18.50 per share

Price / Book1.75

Profitability

EPS (Most Recent Fiscal Year)$2.97

Net Income$47 million

Net Margins-46.11%

Return on Equity72.44%

Return on Assets3.94%

Miscellaneous

Outstanding Shares73,981,000

Market Cap$2.40 billion

Next Earnings Date2/24/2021 (Estimated)

OptionableOptionable

$32.40

-0.10 (-0.31 %)

(As of 01/26/2021 12:00 AM 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 been impacted by Coronavirus?

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBGI shares have increased by 68.4% and is now trading at $32.40.
View which stocks have been most impacted by COVID-19.

Is Sinclair Broadcast Group a buy right now?

6 Wall Street research 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 2 buy ratings for the stock. The consensus among Wall Street research 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.
View analyst ratings for Sinclair Broadcast Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Sinclair Broadcast Group?

Wall Street analysts have given Sinclair Broadcast Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sinclair Broadcast Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

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.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
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 quarterly earnings data on Monday, November, 9th. The company reported $11.26 EPS for the quarter, topping the Zacks' consensus estimate of ($3.17) by $14.43. The firm earned $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. Sinclair Broadcast Group had a positive trailing twelve-month return on equity of 72.44% and a negative net margin of 46.11%. The company's revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.64) 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, November 5th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.20 per share on Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Monday, November 30th.
View Sinclair Broadcast Group's dividend history.

Is Sinclair Broadcast Group a good dividend stock?

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.46%. The dividend payout ratio of Sinclair Broadcast Group is 26.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 63.49% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its dividend.
View Sinclair Broadcast Group's dividend history.

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

Sinclair Broadcast Group issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.491-1.515 billion, compared to the consensus revenue estimate of $1.64 billion.

What price target have analysts set for SBGI?

6 Wall Street analysts have issued 1-year price targets for Sinclair Broadcast Group's shares. Their forecasts range from $17.00 to $35.00. On average, they expect Sinclair Broadcast Group's share price to reach $26.33 in the next year. This suggests that the stock has a possible downside of 18.7%.
View analysts' price targets for Sinclair Broadcast Group or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Sinclair Broadcast Group include Discovery (DISCA), Formula One Group (FWONA), Nexstar Media Group (NXST), Entercom Communications (ETM), Entravision Communications (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
View all of SBGI's 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 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).

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 70, Pay $3.26M)
Mr. Christopher S. Ripley, Pres & CEO (Age 44, Pay $5.33M)
Ms. Lucy A. Rutishauser, Exec. VP & CFO (Age 56, Pay $2.36M)
Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 59, Pay $1.77M)
Mr. David R. Bochenek, Sr. VP & Chief Accounting Officer (Age 58)
Mr. Delbert R. Parks III, Exec. VP & CTO (Age 68)
Mr. Brian S. Bark, Sr. VP & Chief Information Officer (Age 52)
Mr. Steven Zenker, VP of Investor Relations
Mr. David B. Gibber, Sr. VP & Gen. Counsel (Age 39)
Mr. Jeff Carroll, VP of Marketing

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 many different retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (0.65%), Grant GrossMendelsohn LLC (0.06%), Kovack Advisors Inc. (0.03%), Janney Montgomery Scott LLC (0.01%), Nisa Investment Advisors LLC (0.00%) and Kinloch Capital LLC (0.00%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Frederick G Smith, 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 Beach Point Capital Management LP. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Benson E Legg, Howard E Friedman, and Lawrence E Mccanna.
View insider buying and selling activity for Sinclair Broadcast Group or view top insider-selling stocks.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was acquired by a variety of institutional investors in the last quarter, including Grant GrossMendelsohn LLC, Kovack Advisors Inc., Janney Montgomery Scott LLC, Kinloch Capital LLC, and Nisa Investment Advisors LLC. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include David D Smith, Frederick G Smith, and Howard E Friedman.
View insider buying and selling activity for Sinclair Broadcast Group or or view top insider-buying stocks.

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 WeBull, 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 $32.40.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $2.40 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 1/27/2021 by MarketBeat.com Staff

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