Sinclair Broadcast Group (SBGI) Receiving Somewhat Favorable Media Coverage, Study Finds
News coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.8126351176636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Tennis Channel, Owned by Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), to Ring The Nasdaq Stock Market Opening Bell (feeds.benzinga.com)
- Sinclair lists $2M investment at Seattle’s KOMO TV in defense of Tribune takeover (bizjournals.com)
- ETFs with exposure to Sinclair Broadcast Group, Inc. : August 28, 2017 (finance.yahoo.com)
- Sinclair Broadcast Group, Inc. (SBGI) Consensus EPS Outlook (expressnewsline.com)
- Sinclair Broadcast Group, Inc. (SBGI) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
Several equities analysts recently commented on the company. Stephens set a $46.00 price target on Sinclair Broadcast Group and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research lowered Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Benchmark Co. upped their target price on Sinclair Broadcast Group from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Sinclair Broadcast Group in a research report on Wednesday, July 5th. Finally, ValuEngine raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.50.
Sinclair Broadcast Group (NASDAQ SBGI) opened at 29.60 on Wednesday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.38 and a beta of 1.79. Sinclair Broadcast Group has a 12 month low of $24.15 and a 12 month high of $43.05. The firm has a 50 day moving average price of $32.57 and a 200-day moving average price of $35.91.
Sinclair Broadcast Group (NASDAQ:SBGI) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $679.30 million during the quarter, compared to analysts’ expectations of $678.23 million. Sinclair Broadcast Group had a return on equity of 32.06% and a net margin of 9.70%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts forecast that Sinclair Broadcast Group will post $2.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 30th. Sinclair Broadcast Group’s dividend payout ratio (DPR) is currently 24.83%.
In related news, Director Lawrence E. Mccanna sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $34.75, for a total value of $69,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 28.20% of the company’s stock.
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About Sinclair Broadcast Group
Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.
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