Shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) have been assigned an average rating of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.50.
Several equities research analysts recently commented on SBGI shares. BidaskClub raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Jefferies Group started coverage on Sinclair Broadcast Group in a report on Thursday, December 14th. They issued a “buy” rating and a $48.00 price target for the company. ValuEngine raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Sinclair Broadcast Group in a report on Thursday, January 4th. Finally, Stephens set a $47.00 price target on Sinclair Broadcast Group and gave the company a “buy” rating in a report on Tuesday, January 16th.
Shares of Sinclair Broadcast Group stock opened at $29.95 on Friday. Sinclair Broadcast Group has a 12 month low of $26.70 and a 12 month high of $41.20. The company has a market cap of $3,037.21, a price-to-earnings ratio of 10.70, a PEG ratio of 1.45 and a beta of 1.64. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 2.53.
Sinclair Broadcast Group (NASDAQ:SBGI) last announced its earnings results on Wednesday, February 28th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $1.07. Sinclair Broadcast Group had a return on equity of 22.76% and a net margin of 21.07%. The business had revenue of $734.00 million during the quarter, compared to analysts’ expectations of $733.41 million. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. equities research analysts anticipate that Sinclair Broadcast Group will post 3.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a $0.18 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. Sinclair Broadcast Group’s dividend payout ratio is presently 25.71%.
A number of hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sinclair Broadcast Group by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,843 shares of the company’s stock worth $259,000 after acquiring an additional 1,497 shares during the last quarter. Advisor Group Inc. increased its stake in Sinclair Broadcast Group by 102.2% during the fourth quarter. Advisor Group Inc. now owns 3,251 shares of the company’s stock worth $124,000 after acquiring an additional 1,643 shares during the last quarter. Aperio Group LLC increased its stake in Sinclair Broadcast Group by 14.8% during the fourth quarter. Aperio Group LLC now owns 13,748 shares of the company’s stock worth $520,000 after acquiring an additional 1,769 shares during the last quarter. MML Investors Services LLC increased its stake in Sinclair Broadcast Group by 33.6% during the fourth quarter. MML Investors Services LLC now owns 10,030 shares of the company’s stock worth $380,000 after acquiring an additional 2,523 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Sinclair Broadcast Group by 41.7% during the third quarter. Great West Life Assurance Co. Can now owns 9,988 shares of the company’s stock worth $309,000 after acquiring an additional 2,941 shares during the last quarter. 87.22% of the stock is owned by institutional investors.
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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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