NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SBGI shares have increased by 0.4% and is now trading at $19.32.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Sinclair Broadcast Group Inc (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday, August, 5th. The company reported $3.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $4.83 by $1.71. The company earned $1.28 billion during the quarter, compared to analyst estimates of $1.42 billion. Sinclair Broadcast Group had a net margin of 2.91% and a return on equity of 23.41%. The firm's quarterly revenue was up 66.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share.
View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, May 29th.
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Sinclair Broadcast Group issued an update on 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.

8 Wall Street analysts have issued 12 month price targets for Sinclair Broadcast Group's stock. Their forecasts range from $11.00 to $55.00. On average, they expect Sinclair Broadcast Group's share price to reach $32.11 in the next twelve months. This suggests a possible upside of 66.2% from the stock's current price.
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News headlines about SBGI stock have trended negative on Thursday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Sinclair Broadcast Group.

Sinclair Broadcast Group saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,760,000 shares, a decrease of 6.1% from the July 15th total of 7,200,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 13.4% of the shares of the stock are short sold.
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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).
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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), Las Vegas Sands (LVS), Netflix (NFLX), Alibaba Group (BABA) and Carnival (CCL).

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 Capital Management Corp VA (0.97%), First Trust Advisors LP (0.31%), Swiss National Bank (0.18%), Principal Financial Group Inc. (0.17%), Raymond James & Associates (0.09%) and Duality Advisers LP (0.06%). 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.

SBGI stock was sold by a variety of institutional investors in the last quarter, including Capital Management Corp VA, UBS Group AG, DAVENPORT & Co LLC, Raymond James & Associates, LSV Asset Management, and Arizona State Retirement System.
View insider buying and selling activity for Sinclair Broadcast Group.

SBGI stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Principal Financial Group Inc., Duality Advisers LP, SG Americas Securities LLC, Leap Investments LP, Creative Planning, Russell Investments Group Ltd., and Swiss National Bank. 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.

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.

One share of SBGI stock can currently be purchased for approximately $19.32.

Sinclair Broadcast Group has a market capitalization of $1.55 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.

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

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.