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NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$19.84
+0.01 (+0.05 %)
(As of 09/25/2020 04:00 PM ET)
Add
Compare
Today's Range
$19.14
Now: $19.84▼
$20.35
50-Day Range
$19.32
MA: $20.88▼
$22.01
52-Week Range
$10.57
Now: $19.84▼
$44.00
Volume1.04 million shs
Average Volume1.75 million shs
Market Capitalization$1.48 billion
P/E Ratio4.61
Dividend Yield4.03%
Beta1.33
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

Beat the Market (BTM) Rank™

Analyst Opinion: 3.2Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.10 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SBGI
Previous Symbol
CUSIP82922610
CIK912752
Webwww.sbgi.net
Phone410-568-1500

Debt

Debt-to-Equity Ratio6.81
Current Ratio2.87
Quick Ratio2.87

Price-To-Earnings

Trailing P/E Ratio4.61
Forward P/E Ratio4.20
P/E GrowthN/A

Sales & Book Value

Annual Sales$4.24 billion
Price / Sales0.35
Cash Flow$9.23 per share
Price / Cash Flow2.15
Book Value$18.50 per share
Price / Book1.07

Profitability

EPS (Most Recent Fiscal Year)$2.97
Net Income$47 million
Net Margins6.37%
Return on Equity33.77%
Return on Assets3.33%

Miscellaneous

Employees11,800
Outstanding Shares74,369,000
Market Cap$1.48 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$19.84
+0.01 (+0.05 %)
(As of 09/25/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

How has Sinclair Broadcast Group's stock been impacted by COVID-19?

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBGI stock has increased by 3.2% and is now trading at $19.85.
View which stocks have been most impacted by COVID-19.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 sell rating, 2 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, November 4th 2020.
View our earnings forecast for Sinclair Broadcast Group.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) released its quarterly earnings results on Wednesday, August, 5th. The company reported $3.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $4.83 by $1.71. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.42 billion. Sinclair Broadcast Group had a net margin of 6.37% and a return on equity of 33.77%. The company's quarterly revenue was up 66.4% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS.
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, August 6th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share on Tuesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Monday, August 31st.
View Sinclair Broadcast Group's dividend history.

What guidance has Sinclair Broadcast Group issued on next quarter's earnings?

Sinclair Broadcast Group updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.477-1.514 billion, compared to the consensus revenue estimate of $1.6 billion.

What price target have analysts set for SBGI?

6 Wall Street analysts have issued 1 year price targets for Sinclair Broadcast Group's shares. Their forecasts range from $16.00 to $55.00. On average, they expect Sinclair Broadcast Group's share price to reach $28.29 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price.
View analysts' price targets for Sinclair Broadcast Group.

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

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.

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 Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), AbbVie (ABBV), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM) and Delta Air Lines (DAL).

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."

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.40%), Goldman Sachs Group Inc. (1.63%), FMR LLC (1.37%), Gamco Investors INC. ET AL (1.24%), Capital Management Corp VA (0.97%) and Charles Schwab Investment Management Inc. (0.84%). 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.

Which major investors are selling Sinclair Broadcast Group stock?

SBGI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., FMR LLC, Vanguard Group Inc., Bank of New York Mellon Corp, New York State Common Retirement Fund, Sei Investments Co., Capital Management Corp VA, and Two Sigma Advisers LP.
View insider buying and selling activity 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 Gamco Investors INC. ET AL, Nuveen Asset Management LLC, First Trust Advisors LP, AQR Capital Management LLC, Aigen Investment Management LP, Principal Financial Group Inc., Principal Financial Group Inc., and Tudor Investment Corp Et Al. 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.

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 $19.85.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.48 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.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is 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.

This page was last updated on 9/25/2020 by MarketBeat.com Staff
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