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NASDAQ:SBGISinclair Broadcast Group Stock Price, Forecast & News

$19.30
+0.61 (+3.26 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$18.56
Now: $19.30
$19.69
50-Day Range
$13.91
MA: $16.44
$19.61
52-Week Range
$10.57
Now: $19.30
$59.58
Volume1.07 million shs
Average Volume1.50 million shs
Market Capitalization$1.55 billion
P/E Ratio11.84
Dividend Yield4.14%
Beta1.34
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.86 out of 5 stars


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$4.24 billion
Cash Flow$9.28 per share
Book Value$18.50 per share

Profitability

Net Income$47 million

Miscellaneous

Employees11,800
Market Cap$1.55 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

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

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SBGI shares have increased by 0.3% and is now trading at $19.30. View which stocks have been most impacted by Coronavirus.

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

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.

When is Sinclair Broadcast Group's next earnings date?

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.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group Inc (NASDAQ:SBGI) released 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.64 billion. Sinclair Broadcast Group had a return on equity of 23.41% and a net margin of 2.91%. The firm's revenue for the quarter was up 122.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 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 announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, May 29th. View Sinclair Broadcast Group's dividend history.

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

Sinclair Broadcast Group updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share 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.

What price target have analysts set for SBGI?

8 equities research analysts have issued twelve-month target prices 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 year. This suggests a possible upside of 81.3% from the stock's current price. View analysts' price targets for Sinclair Broadcast Group.

Has Sinclair Broadcast Group been receiving favorable news coverage?

Press coverage about SBGI stock has been trending very negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sinclair Broadcast Group earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories 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 company's share price in the next few days. View the latest news aboutSinclair Broadcast Group.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a decline in short interest in April. As of April 30th, there was short interest totaling 8,510,000 shares, a decline of 14.0% from the April 15th total of 9,900,000 shares. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is presently 3.6 days. Approximately 13.8% of the shares of the stock 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 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).

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 a number of institutional and retail 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.

Which institutional investors are selling Sinclair Broadcast Group stock?

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, Morgan Stanley, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Los Angeles Capital Management & Equity Research Inc.. 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.

Which institutional investors are buying Sinclair Broadcast Group stock?

SBGI stock was bought 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.

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 $19.30.

How big of a company is Sinclair Broadcast Group?

Sinclair Broadcast Group has a market capitalization of $1.55 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 6/3/2020 by MarketBeat.com Staff

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