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

$44.47
-0.41 (-0.91 %)
(As of 08/21/2019 09:26 AM ET)
Today's Range
$44.27
Now: $44.47
$45.23
50-Day Range
$43.22
MA: $52.15
$59.20
52-Week Range
$25.14
Now: $44.47
$66.57
Volume381,476 shs
Average Volume1.35 million shs
Market Capitalization$4.10 billion
P/E Ratio13.27
Dividend Yield1.79%
Beta1.12
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. Read More…

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$3.06 billion
Cash Flow$7.6147 per share
Book Value$16.92 per share

Profitability

Net Income$341.24 million

Miscellaneous

Employees9,000
Market Cap$4.10 billion
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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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 Wednesday, August 7th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share on Monday, September 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, August 29th. View Sinclair Broadcast Group's Dividend History.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced its quarterly earnings results on Wednesday, August, 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.04. The business had revenue of $771 million for the quarter, compared to analyst estimates of $764.48 million. Sinclair Broadcast Group had a net margin of 10.60% and a return on equity of 23.05%. The business's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 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, November 6th 2019. View Earnings Estimates for Sinclair Broadcast Group.

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

Sinclair Broadcast Group issued an update on its third quarter 2019 earnings guidance on Wednesday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $744-744 million, compared to the consensus revenue estimate of $761.89 million.

What price target have analysts set for SBGI?

6 Wall Street analysts have issued twelve-month price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $32.00 to $80.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $52.60 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.

What is the consensus analysts' recommendation for 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 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

Headlines about SBGI stock have been trending positive this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 2.5 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Sinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,124,800 shares, an increase of 82.7% from the June 30th total of 3,352,900 shares. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 9.6% of the shares of the company 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 Gilead Sciences (gild), QUALCOMM (qcom), Sorrento Therapeutics (SRNE), Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Marvell Technology Group (MRVL), NVIDIA (NVDA), AbbVie (ABBV) and Allergan (AGN).

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. Steven M. Marks, Exec. VP & COO of Sinclair Television Group, Inc. (Age 62)
  • Mr. Barry M. Faber, Pres of Distribution & Network Relations (Age 57)

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.63%), Renaissance Technologies LLC (4.70%), BlackRock Inc. (4.09%), JPMorgan Chase & Co. (3.06%), Bank of New York Mellon Corp (1.39%) and Invesco Ltd. (1.03%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Daniel C Keith, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, 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 BlackRock Inc., Baupost Group LLC MA, Bank of New York Mellon Corp, Raging Capital Management LLC, Morgan Stanley, Bank of America Corp DE, LSV Asset Management and Strs Ohio. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Daniel C Keith, David B Amy, David R Bochenek, Lawrence E Mccanna, Robert E Smith and Steven M Marks. 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 JPMorgan Chase & Co., Renaissance Technologies LLC, Invesco Ltd., Eagle Asset Management Inc., Capital Growth Management LP, Nuveen Asset Management LLC, D. E. Shaw & Co. Inc. and Carillon Tower Advisers 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 $44.47.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $4.10 billion and generates $3.06 billion in revenue each year. The company earns $341.24 million in net income (profit) each year or $3.35 on an earnings per share basis. Sinclair Broadcast Group employs 9,000 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:  2.8 out of 5 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  634
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 8/21/2019 by MarketBeat.com Staff

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