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 7.9% and is now trading at $17.72. 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 will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its earnings results on Wednesday, May, 6th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $1.31. The company earned $1.61 billion during 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 business's revenue was up 122.9% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. View Sinclair Broadcast Group's earnings history.

Sinclair Broadcast Group declared a quarterly dividend on Thursday, May 7th. Shareholders 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 yield of 4.51%. 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 brokerages have issued 1 year price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $11.00 to $55.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $33.75 in the next year. This suggests a possible upside of 90.5% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

News headlines about SBGI stock have been trending neutral this week, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Sinclair Broadcast Group.

Sinclair Broadcast Group saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,130,000 shares, a decline of 6.8% from the June 15th total of 7,650,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is presently 3.9 days. Currently, 14.1% 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."

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 $17.72.

Sinclair Broadcast Group has a market capitalization of $1.42 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.