Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales 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, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 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. In addition, it 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. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Phone410-568-1500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.73 billion
Profitability
Miscellaneous
Employees8,900
Next Earnings Date2/27/2019 (Confirmed)
OptionableOptionable
Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions
What is Sinclair Broadcast Group's stock symbol?
Sinclair Broadcast Group trades on the NASDAQ under the ticker symbol "SBGI."
How often does Sinclair Broadcast Group pay dividends? What is the dividend yield for Sinclair Broadcast Group?
Sinclair Broadcast Group announced a quarterly dividend on Thursday, November 8th. Investors of record on Friday, November 30th will be paid a dividend of $0.20 per share on Monday, December 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, November 29th. This is a positive change from Sinclair Broadcast Group's previous quarterly dividend of $0.18. View Sinclair Broadcast Group's Dividend History.
How were Sinclair Broadcast Group's earnings last quarter?
Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its quarterly earnings data on Wednesday, August, 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.02 by $0.25. The company earned $730.10 million during the quarter, compared to analyst estimates of $715.55 million. Sinclair Broadcast Group had a return on equity of 19.79% and a net margin of 19.98%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 EPS. View Sinclair Broadcast Group's Earnings History.
When is Sinclair Broadcast Group's next earnings date?
How can I listen to Sinclair Broadcast Group's earnings call?
Sinclair Broadcast Group will be holding an earnings conference call on Wednesday, February 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8884287458.
What price target have analysts set for SBGI?
9 equities research analysts have issued twelve-month price targets for Sinclair Broadcast Group's shares. Their predictions range from $32.00 to $40.00. On average, they expect Sinclair Broadcast Group's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 10.9% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.
What is the consensus analysts' recommendation for Sinclair Broadcast Group?
9 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sinclair Broadcast Group.
What are Wall Street analysts saying about Sinclair Broadcast Group stock?
Here are some recent quotes from research analysts about Sinclair Broadcast Group stock:
- 1. According to Zacks Investment Research, "Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. " (2/21/2019)
- 2. Benchmark Co. analysts commented, "We agree that Auto isn’t likely to post much, if any, upside in 1Q despite some comps in the down-teens range but see growing categories like Services largely making up the shortfall, leaving us feeling that 1Q currently looks more like 4Q post-election than a downward reset. We note that Sinclair has one of the easiest comparisons (-5% core in 1Q18). We suspect Sinclair’s potential pursuit of RSNs may not be getting a fair evaluation due to their nature and possible purchase price. We can buy the arguments that the RSNs 1) reduce dependency on advertising; 2) increase revenue/cost visibility; and 3) enhance the content portfolio, all of which should be multiple expansive." (1/14/2019)
Has Sinclair Broadcast Group been receiving favorable news coverage?
News headlines about SBGI stock have trended positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Are investors shorting Sinclair Broadcast Group?
Sinclair Broadcast Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 4,769,578 shares, an increase of 30.7% from the December 31st total of 3,648,976 shares. Based on an average daily trading volume, of 1,811,487 shares, the days-to-cover ratio is currently 2.6 days. Currently, 6.8% of the company's stock are short sold. View Sinclair Broadcast Group's Current Options Chain.
Who are some of Sinclair Broadcast Group's key competitors?
Some companies that are related to Sinclair Broadcast Group include Liberty Media Formula One Series C (FWONK), Grupo Televisa SAB (TV), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), Nexstar Media Group (NXST), PROSIEBENSAT 1/ADR (PBSFY), Tribune (TRCO), TEGNA (TGNA), Television Francaise 1 (TVFCF), E. W. Scripps (SSP), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV), Entravision Communication (EVC) and Liberty Braves Group Series A (BATRA).
What other stocks do shareholders of Sinclair Broadcast Group own?
Who are Sinclair Broadcast Group's key executives?
Sinclair Broadcast Group's management team includes the folowing 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. Barry M. Faber, Exec. VP of Distribution & Network Relations and Gen. Counsel (Age 57)
- Mr. David B. Amy, Vice Chairman (Age 66)
Who are Sinclair Broadcast Group's major shareholders?
Sinclair Broadcast Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.33%), Dimensional Fund Advisors LP (3.26%), Bank of New York Mellon Corp (3.13%), Beach Point Capital Management LP (1.27%), Assenagon Asset Management S.A. (1.05%) and Northern Trust Corp (0.98%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. 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 Bank of New York Mellon Corp, General American Investors Co. Inc., HAP Trading LLC, Prudential Financial Inc., Gabelli Funds LLC, Northern Trust Corp, Paloma Partners Management Co and Gotham Asset Management LLC. View Insider Buying and Selling for Sinclair Broadcast Group.
Which institutional investors are buying Sinclair Broadcast Group stock?
SBGI stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Millennium Management LLC, LSV Asset Management, Beach Point Capital Management LP, Hsbc Holdings PLC, Bank of America Corp DE, D. E. Shaw & Co. Inc. and BlackRock Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Sinclair Broadcast Group's stock price today?
One share of SBGI stock can currently be purchased for approximately $32.90.
How big of a company is Sinclair Broadcast Group?
Sinclair Broadcast Group has a market capitalization of $3.21 billion and generates $2.73 billion in revenue each year. The company earns $576.01 million in net income (profit) each year or $2.80 on an earnings per share basis. Sinclair Broadcast Group employs 8,900 workers across the globe.
What is Sinclair Broadcast Group's official website?
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.
MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)
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.
