Sinclair Broadcast Group (SBGI) Earning Somewhat Critical News Coverage, Report Shows
News headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have trended somewhat negative this week, according to Accern. The research group identifies positive and negative 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 -1 to 1, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.3354974537568 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Analysts Detailing with Profitability Ratio: Finisar Corporation (NASDAQ:FNSR), Sinclair Broadcast Group, Inc … – Investing News Update (investingbizz.com)
- Sinclair Broadcast Group, Inc. breached its 50 day moving average in a Bearish Manner : SBGI-US : November 8, 2017 (finance.yahoo.com)
- Sinclair Broadcast Group, Inc. (SBGI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Sinclair Broadcast Group, Inc. breached its 50 day moving average in a Bearish Manner : SBGI-US : November 6, 2017 (finance.yahoo.com)
- Equities Analysts Set Expectations for Sinclair Broadcast Group, Inc.’s FY2017 Earnings (SBGI) (americanbankingnews.com)
Sinclair Broadcast Group (NASDAQ:SBGI) traded up $0.35 during mid-day trading on Friday, reaching $31.90. 267,720 shares of the company traded hands, compared to its average volume of 1,550,000. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 3.46. Sinclair Broadcast Group has a 1 year low of $26.70 and a 1 year high of $43.05. The company has a market cap of $3,240.00, a PE ratio of 12.60, a PEG ratio of 7.46 and a beta of 1.92.
Sinclair Broadcast Group (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). Sinclair Broadcast Group had a return on equity of 24.41% and a net margin of 9.06%. The company had revenue of $670.90 million during the quarter, compared to the consensus estimate of $671.42 million. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. equities research analysts anticipate that Sinclair Broadcast Group will post 2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 30th. Sinclair Broadcast Group’s dividend payout ratio (DPR) is presently 27.07%.
SBGI has been the subject of a number of research analyst reports. ValuEngine cut shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Deutsche Bank AG initiated coverage on shares of Sinclair Broadcast Group in a research note on Friday, October 20th. They issued a “buy” rating and a $46.00 target price for the company. Zacks Investment Research upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 4th. B. Riley lifted their target price on shares of Sinclair Broadcast Group from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, FBR & Co initiated coverage on shares of Sinclair Broadcast Group in a research note on Tuesday, October 31st. They issued a “buy” rating and a $43.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.82.
In related news, Director Howard E. Friedman sold 1,010 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $31.98, for a total value of $32,299.80. Following the completion of the transaction, the director now owns 10,990 shares in the company, valued at approximately $351,460.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.20% of the company’s stock.
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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