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NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$26.30
-0.53 (-1.98%)
(As of 01/27/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.25
$28.62
50-Day Range
$22.79
$30.25
52-Week Range
$22.44
$39.60
Volume
483,890 shs
Average Volume
841,527 shs
Market Capitalization
$1.99 billion
P/E Ratio
13.49
Dividend Yield
2.98%
Beta
1.44
30 days | 90 days | 365 days | Advanced Chart
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Sinclair Broadcast Group logo

About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc. is a media company, which engages in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offers programming and operating services, and sales and other non-programming operating services. The Local Sports segment comprises of regional sports network, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Headlines

Bally Sports Debuts "The Rally" Tonight, January 24
January 24, 2022 |  finance.yahoo.com
Sinclair Broadcast Group (NASDAQ:SBGI) Shares Down 2.3%
January 20, 2022 |  americanbankingnews.com
Sinclair Broadcast secures NBA regional sports net rights
January 13, 2022 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SBGI
CUSIP
82922610
Employees
11,600
Year Founded
1986

Sales & Book Value

Annual Sales
$5.94 billion
Cash Flow
$28.90 per share
Book Value
($16.02) per share

Profitability

Net Income
$-2.41 billion
Pretax Margin
2.35%

Debt

Price-To-Earnings

Miscellaneous

Free Float
47,060,000
Market Cap
$1.99 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/15 Dividend
11/30/2021
Dividend Payable
12/15/2021
Today
1/27/2022
Next Earnings (Confirmed)
2/23/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.51 out of 5 stars

Consumer Discretionary Sector

112th out of 391 stocks

Television Broadcasting Stations Industry

8th out of 20 stocks

Analyst Opinion: 2.0Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

Is Sinclair Broadcast Group a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Sinclair Broadcast Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares.
View analyst ratings for Sinclair Broadcast Group
or view top-rated stocks.

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 36.7% and is now trading at $26.30.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Sinclair Broadcast Group?

Sinclair Broadcast Group saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,570,000 shares, a decline of 16.6% from the December 31st total of 5,480,000 shares. Based on an average trading volume of 886,000 shares, the short-interest ratio is presently 5.2 days. Currently, 9.5% of the shares of the company are short sold.
View Sinclair Broadcast Group's Short Interest
.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Sinclair Broadcast Group
.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of ($0.86) by $1.11. The business earned $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Sinclair Broadcast Group had a negative trailing twelve-month return on equity of 16.74% and a net margin of 2.30%. The company's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share.
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, November 4th. Stockholders of record on Wednesday, December 1st will be paid a dividend of $0.20 per share on Wednesday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, November 30th.
View Sinclair Broadcast Group's dividend history
.

Is Sinclair Broadcast Group a good dividend stock?

Sinclair Broadcast Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.98%. The dividend payout ratio of Sinclair Broadcast Group is 41.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Sinclair Broadcast Group will have a dividend payout ratio of 89.89% in the coming year. This indicates that Sinclair Broadcast Group may not be able to sustain their current dividend.
View Sinclair Broadcast Group's dividend history.

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

Sinclair Broadcast Group issued an update on its FY 2021 earnings guidance on Wednesday, November, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.20 billion-$6.23 billion, compared to the consensus revenue estimate of $6.29 billion.

What price target have analysts set for SBGI?

1 brokerages have issued twelve-month target prices for Sinclair Broadcast Group's stock. Their forecasts range from $31.00 to $31.00. On average, they expect Sinclair Broadcast Group's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
View analysts' price targets for Sinclair Broadcast Group
or view top-rated stocks among Wall Street analysts.

Who are Sinclair Broadcast Group's key executives?

Sinclair Broadcast Group's management team includes the following people:
  • Christopher Stewart Ripley, President & Chief Executive Officer
  • Lucy A. Rutishauser, Chief Financial Officer & Executive Vice President
  • Delbert R. Parks, Chief Technology Officer & Executive VP
  • Brian S. Bark, Chief Information Officer & Senior Vice President
  • Jeffrey E. Lewis, Chief Compliance Officer

What is Christopher Ripley's approval rating as Sinclair Broadcast Group's CEO?

133 employees have rated Sinclair Broadcast Group CEO Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among Sinclair Broadcast Group's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 shareholders include Vaughan Nelson Investment Management L.P. (1.87%), Nordea Investment Management AB (0.60%), National Bank of Canada FI (0.21%), Russell Investments Group Ltd. (0.07%), Grant GrossMendelsohn LLC (0.05%) and Penbrook Management LLC (0.02%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson.
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 Vaughan Nelson Investment Management L.P., Nordea Investment Management AB, Russell Investments Group Ltd., Exchange Traded Concepts LLC, Grant GrossMendelsohn LLC, and Penbrook Management LLC. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, J Duncan Smith, Lawrence E Mccanna, and Ruth Louisa Villigerwilson.
View insider buying and selling activity for Sinclair Broadcast Group
or view top insider-selling stocks.

Which major investors are buying Sinclair Broadcast Group stock?

SBGI stock was purchased by a variety of institutional investors in the last quarter, including National Bank of Canada FI, New York State Teachers Retirement System, and Signaturefd LLC. Company insiders that have bought Sinclair Broadcast Group stock in the last two years include Frederick G Smith, and Howard E Friedman.
View insider buying and selling activity for Sinclair Broadcast Group
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sinclair Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $26.30.

How much money does Sinclair Broadcast Group make?

Sinclair Broadcast Group has a market capitalization of $1.99 billion and generates $5.94 billion in revenue each year. The company earns $-2.41 billion in net income (profit) each year or $1.95 on an earnings per share basis.

How many employees does Sinclair Broadcast Group have?

Sinclair Broadcast Group employs 11,600 workers across the globe.

When was Sinclair Broadcast Group founded?

Sinclair Broadcast Group was founded in 1986.

What is Sinclair Broadcast Group's official website?

The official website for Sinclair Broadcast Group is www.sbgi.net.

Where are Sinclair Broadcast Group's headquarters?

Sinclair Broadcast Group is headquartered at 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030.

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 or via fax at 410-568-1533.


This page was last updated on 1/27/2022 by MarketBeat.com Staff

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