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

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$33.20 +0.16 (+0.48 %)
(As of 02/18/2019 04:00 PM ET)
Previous Close$33.04
Today's Range$33.06 - $33.35
52-Week Range$25.13 - $37.55
Volume650,333 shs
Average Volume1.30 million shs
Market Capitalization$3.24 billion
P/E Ratio11.86
Dividend Yield2.42%
Beta1.38
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.

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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$2.73 billion
Cash Flow$6.6935 per share
Book Value$15.08 per share

Profitability

Net Income$576.01 million

Miscellaneous

Employees8,900
Market Cap$3.24 billion
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 declared a quarterly dividend on Thursday, November 8th. Stockholders 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 2.41%. The ex-dividend date of this dividend is Thursday, November 29th. This is an increase 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) released its quarterly earnings data on Wednesday, August, 8th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.25. The business earned $730.10 million during the quarter, compared to analysts' expectations of $715.55 million. Sinclair Broadcast Group had a return on equity of 19.79% and a net margin of 19.98%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. View Sinclair Broadcast Group's Earnings History.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Sinclair Broadcast Group.

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 brokers have issued twelve-month target prices for Sinclair Broadcast Group's stock. Their forecasts range from $32.00 to $40.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $36.50 in the next year. This suggests a possible upside of 9.9% 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. 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)
  • 2. 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. " (1/9/2019)

Has Sinclair Broadcast Group been receiving favorable news coverage?

Media stories about SBGI stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sinclair Broadcast Group earned a news impact score of 2.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.

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 trading volume of 1,811,487 shares, the days-to-cover ratio is currently 2.6 days. Currently, 6.8% of the company's shares are sold short. View Sinclair Broadcast Group's Current Options Chain.

Who are some of Sinclair Broadcast Group's key competitors?

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 a variety of of institutional and retail investors. Top institutional shareholders 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 major 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 major 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 $33.20.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $3.24 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?

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:  2.7 out of 5 (star star)
Outperform Votes:  308 (Vote Outperform)
Underperform Votes:  256 (Vote Underperform)
Total Votes:  564
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 2/18/2019 by MarketBeat.com Staff

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