News coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.0643064327962 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Dish Network, trade groups and others oppose Sinclair Tribune deal (DISH, SBGI, AMZN) (markets.businessinsider.com)
- Corporate News Blog – Nexstar Acquires Non-spectrum Operating Assets of WLWC-TV, an Affiliate of Providence CW (finance.yahoo.com)
- Comparing Sinclair Broadcast Group (NASDAQ:SBGI) and Liberty Media Corporation (LSXMK) (americanbankingnews.com)
Sinclair Broadcast Group (NASDAQ SBGI) traded up 2.12% during mid-day trading on Friday, hitting $31.35. 1,062,341 shares of the stock were exchanged. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 10.99 and a beta of 1.79. The company has a 50 day moving average price of $33.52 and a 200 day moving average price of $36.18. Sinclair Broadcast Group has a 52 week low of $24.15 and a 52 week high of $43.05.
Sinclair Broadcast Group (NASDAQ:SBGI) last issued its earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $679.30 million during the quarter, compared to analyst estimates of $678.23 million. Sinclair Broadcast Group had a return on equity of 32.06% and a net margin of 9.70%. Sinclair Broadcast Group’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Analysts expect that Sinclair Broadcast Group will post $2.01 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.30%. Sinclair Broadcast Group’s payout ratio is 24.83%.
Several research firms recently commented on SBGI. Zacks Investment Research upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Saturday, August 5th. Benchmark Co. lifted their price objective on shares of Sinclair Broadcast Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. ValuEngine lowered shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $48.00 to $37.00 in a research note on Thursday, May 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Sinclair Broadcast Group in a research note on Wednesday, July 5th. Finally, Stephens set a $46.00 price objective on shares of Sinclair Broadcast Group and gave the company a “buy” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.50.
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In related news, Director Lawrence E. Mccanna sold 2,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 28.20% of the company’s stock.
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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