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NASDAQ:SBGI - Sinclair Broadcast Group Stock Price, Forecast & News

$12.95
-3.13 (-19.47 %)
(As of 04/2/2020 02:53 AM ET)
Today's Range
$12.66
Now: $12.95
$15.42
50-Day Range
$12.70
MA: $22.08
$30.58
52-Week Range
$10.57
Now: $12.95
$66.57
Volume1.78 million shs
Average Volume2.27 million shs
Market Capitalization$1.19 billion
P/E Ratio25.39
Dividend Yield4.98%
Beta1.17
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

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.24 billion
Cash Flow$7.40 per share
Book Value$18.50 per share

Profitability

Net Income$47 million

Miscellaneous

Employees11,800
Market Cap$1.19 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

How has Sinclair Broadcast Group's stock 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 (WHO). Since then, SBGI shares have decreased by 32.7% and is now trading at $12.95. View which stocks have been mosted impacted by Coronavirus.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 5 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, May 13th 2020. View our earnings forecast for Sinclair Broadcast Group.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its earnings results on Wednesday, February, 26th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $1.08 by $0.61. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. Sinclair Broadcast Group had a net margin of 1.13% and a return on equity of 17.71%. The business's revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 earnings per share. 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, February 27th. Investors of record on Monday, March 9th will be paid a dividend of $0.20 per share on Friday, March 20th. This represents a $0.80 annualized dividend and a yield of 6.18%. The ex-dividend date is Friday, March 6th. 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 first quarter 2020 After-Hours earnings guidance on Monday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.647-1.675 billion, compared to the consensus revenue estimate of $1.68 billion.

What price target have analysts set for SBGI?

8 equities research analysts have issued 12-month price targets for Sinclair Broadcast Group's shares. Their forecasts range from $22.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's share price to reach $42.29 in the next twelve months. This suggests a possible upside of 226.5% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

News articles about SBGI stock have been trending very negative this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. 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 daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutSinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,975,500 shares, an increase of 36.8% from the February 27th total of 5,830,000 shares. Based on an average daily volume of 3,185,000 shares, the short-interest ratio is presently 2.5 days. Currently, 12.7% of the shares of the stock are short sold. View Sinclair Broadcast Group's Current Options Chain.

Who are some of Sinclair Broadcast Group's key 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 AT&T (T), Walt Disney (DIS), Metlife (MET), Roku (ROKU), Twitter (TWTR), Netflix (NFLX), Las Vegas Sands (LVS), Comcast (CMCSA), Activision Blizzard (ATVI) and Brighthouse Financial (BHF).

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."

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 $12.95.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.19 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. View additional information about Sinclair Broadcast Group.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is http://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.


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  424 (Vote Outperform)
Underperform Votes:  377 (Vote Underperform)
Total Votes:  801
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.
This page was last updated on 4/2/2020 by MarketBeat.com Staff

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