NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

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. Since then, SBGI stock has increased by 0.3% and is now trading at $19.30. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Sinclair Broadcast Group.

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Sinclair Broadcast Group.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) posted its quarterly earnings data on Wednesday, May, 6th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.04 by $1.31. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.64 billion. Sinclair Broadcast Group had a return on equity of 23.41% and a net margin of 2.91%. The company's revenue was up 122.9% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. 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 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, May 29th. View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.398-1.44 billion, compared to the consensus revenue estimate of $1.58 billion.

8 analysts have issued 12-month target prices for Sinclair Broadcast Group's shares. Their forecasts range from $11.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 81.3% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

Media headlines about SBGI stock have been trending extremely negative on Wednesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 -4.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutSinclair Broadcast Group.

Sinclair Broadcast Group saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 8,510,000 shares, a decrease of 14.0% from the April 15th total of 9,900,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 13.8% of the shares of the company are sold short. View Sinclair Broadcast Group's Current Options Chain.

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.

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.54%), Contrarius Investment Management Ltd (2.02%), Apollo Management Holdings L.P. (1.20%), American Financial Group Inc. (1.20%), Bank of New York Mellon Corp (1.01%) and Capital Management Corp VA (0.93%). 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 AQR Capital Management LLC, Eagle Asset Management Inc., Morgan Stanley, Morgan Stanley, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Lawrence E Mccanna, and Steven M Marks. View insider buying and selling activity for Sinclair Broadcast Group.

SBGI stock was purchased by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, UBS Group AG, Apollo Management Holdings L.P., Vaughan Nelson Investment Management L.P., Healthcare of Ontario Pension Plan Trust Fund, Capital Management Corp VA, American Financial Group Inc., and BDO Wealth Advisors LLC. 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 $19.30.

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.