NASDAQ:SBGI

Sinclair Broadcast Group Stock Forecast, Price & News

$28.98
+0.24 (+0.84 %)
(As of 09/17/2021 12:56 PM ET)
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Today's Range
$28.62
$29.37
50-Day Range
$26.67
$31.00
52-Week Range
$16.72
$39.60
Volume2,905 shs
Average Volume596,630 shs
Market Capitalization$2.19 billion
P/E RatioN/A
Dividend Yield2.84%
Beta1.68
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.

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MarketRank

Overall MarketRank

2.60 out of 5 stars

Consumer Discretionary Sector

48th out of 385 stocks

Television Broadcasting Stations Industry

7th out of 20 stocks

Analyst Opinion: 2.0Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
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Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions

Is Sinclair Broadcast Group a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy 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.

What stocks does MarketBeat like better than Sinclair Broadcast Group?

Wall Street analysts have given Sinclair Broadcast Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sinclair Broadcast Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Sinclair Broadcast Group's next earnings date?

Sinclair Broadcast Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
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 earnings results on Tuesday, August, 3rd. The company reported ($4.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.23) by $0.18. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. Sinclair Broadcast Group had a negative trailing twelve-month return on equity of 25.10% and a negative net margin of 50.00%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business earned $3.12 earnings per share.
View Sinclair Broadcast Group's earnings history
.

How has Sinclair Broadcast Group's stock price been impacted by Coronavirus?

Sinclair Broadcast Group's stock was trading at $19.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SBGI shares have increased by 49.3% and is now trading at $28.73.
View which stocks have been most impacted by COVID-19
.

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 4th. Shareholders of record on Wednesday, September 1st will be paid a dividend of $0.20 per share on Wednesday, September 15th. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, August 31st.
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 2.84%. The dividend payout ratio of Sinclair Broadcast Group is 10.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 44.69% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its 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 third quarter 2021 earnings guidance on Wednesday, August, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.55 billion-$1.62 billion, compared to the consensus revenue estimate of $1.59 billion.

What price target have analysts set for SBGI?

4 Wall Street analysts have issued 12-month price objectives for Sinclair Broadcast Group's stock. Their forecasts range from $31.00 to $35.00. On average, they anticipate Sinclair Broadcast Group's stock price to reach $33.33 in the next twelve months. This suggests a possible upside of 16.0% 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), The 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.79%), BlackRock Inc. (5.06%), Contrarius Investment Management Ltd (4.82%), Conifer Management L.L.C. (3.25%), Gamco Investors INC. ET AL (3.18%) and Vaughan Nelson Investment Management L.P. (2.41%). 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 and Ruth Louisa Villigerwilson.
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 Conifer Management L.L.C., Goldman Sachs Group Inc., Susquehanna Fundamental Investments LLC, Man Group plc, Bank of America Corp DE, Capital Management Corp VA, Capital Fund Management S.A., and Susquehanna International Group LLP. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Howard E Friedman, 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 institutional investors are buying Sinclair Broadcast Group stock?

SBGI stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Vanguard Group Inc., Gamco Investors INC. ET AL, Healthcare of Ontario Pension Plan Trust Fund, Great Lakes Advisors LLC, Gabelli Funds LLC, and First Trust Advisors LP. 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 $28.73.

How much money does Sinclair Broadcast Group make?

Sinclair Broadcast Group has a market capitalization of $2.17 billion and generates $5.94 billion in revenue each year. The company earns $-2,414,000,000.00 in net income (profit) each year or $7.84 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.


This page was last updated on 9/17/2021 by MarketBeat.com Staff
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