Media coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has trended positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news articles about the company an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
- Sinclair Broadcast Group shores up family programming (seekingalpha.com)
- Sinclair Broadcast : Names Myrland Clarke Director of Sales/Station Manager in Toledo, Ohio (4-traders.com)
- Sinclair Names Myrland Clarke Director of Sales / Station Manager in Toledo, Ohio (finance.yahoo.com)
- Sinclair Names Dan Barnathan VP Family and Children’s Programming and Sales; Jonathan Dern Executive Producer (finance.yahoo.com)
- Sinclair Broadcast Group, Inc. – Value Analysis (NASDAQ:SBGI) : June 20, 2017 (finance.yahoo.com)
Several research firms recently issued reports on SBGI. Wells Fargo & Company reissued a “buy” rating on shares of Sinclair Broadcast Group in a research report on Monday, March 6th. Zacks Investment Research upgraded Sinclair Broadcast Group from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. Royal Bank Of Canada restated an “outperform” rating and set a $47.00 price objective (up from $43.00) on shares of Sinclair Broadcast Group in a research note on Thursday, February 23rd. Wedbush upped their price objective on Sinclair Broadcast Group from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Finally, Benchmark Co. upped their price objective on Sinclair Broadcast Group from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.80.
Shares of Sinclair Broadcast Group (NASDAQ:SBGI) traded down 1.36% on Thursday, reaching $32.65. The company had a trading volume of 1,043,272 shares. Sinclair Broadcast Group has a 12 month low of $24.15 and a 12 month high of $43.05. The firm has a market capitalization of $3.35 billion, a PE ratio of 11.00 and a beta of 1.80. The company’s 50-day moving average is $34.46 and its 200 day moving average is $36.13.
Sinclair Broadcast Group (NASDAQ:SBGI) last posted its earnings results on Wednesday, May 3rd. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $649.90 million during the quarter, compared to the consensus estimate of $646.94 million. Sinclair Broadcast Group had a return on equity of 39.72% and a net margin of 9.91%. Sinclair Broadcast Group’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Equities analysts forecast that Sinclair Broadcast Group will post $2.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 2.21%. Sinclair Broadcast Group’s dividend payout ratio (DPR) is presently 24.08%.
In related news, Director Lawrence E. Mccanna sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $34.75, for a total transaction of $69,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David D. Smith purchased 4,400 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were acquired at an average cost of $36.77 per share, with a total value of $161,788.00. The disclosure for this purchase can be found here. 28.20% of the stock is owned by company insiders.
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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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