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 (WHO). Since then, SBGI shares have decreased by 6.5% and is now trading at $17.99. 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 results on Wednesday, May, 6th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.04 by $1.31. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 122.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, May 29th. View Sinclair Broadcast Group's dividend history.

Sinclair Broadcast Group issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share (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 equities research analysts have issued 12-month price objectives for Sinclair Broadcast Group's shares. Their forecasts range from $11.00 to $55.00. On average, they expect Sinclair Broadcast Group's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 94.6% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

News coverage about SBGI stock has trended negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing 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 five, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutSinclair Broadcast Group.

Sinclair Broadcast Group saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,510,000 shares, a drop 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 currently 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 many different retail and institutional investors. Top institutional shareholders 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, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Los Angeles Capital Management & Equity Research Inc., and Invesco Ltd.. 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 acquired 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 $17.99.

Sinclair Broadcast Group has a market capitalization of $1.44 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.