Headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.3660185175653 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
Sinclair Broadcast Group (NASDAQ SBGI) opened at $39.15 on Thursday. The firm has a market capitalization of $3,980.00, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.18 and a beta of 1.93. Sinclair Broadcast Group has a fifty-two week low of $26.70 and a fifty-two week high of $43.05. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74.
Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.13). The company had revenue of $670.90 million during the quarter, compared to analysts’ expectations of $671.42 million. Sinclair Broadcast Group had a return on equity of 23.27% and a net margin of 9.06%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. equities analysts forecast that Sinclair Broadcast Group will post 1.98 earnings per share for the current year.
A number of research firms recently issued reports on SBGI. BidaskClub raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. ValuEngine raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Ameriprise Financial reissued a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of Sinclair Broadcast Group in a research report on Friday, November 3rd. Zacks Investment Research raised 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 report on Wednesday, October 4th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $55.00 target price on shares of Sinclair Broadcast Group in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Sinclair Broadcast Group presently has a consensus rating of “Buy” and a consensus target price of $45.50.
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Sinclair Broadcast Group Company Profile
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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