Sinclair Broadcast Group (SBGI) Earns Coverage Optimism Score of 0.23

News headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. 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 daily sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.1244346010813 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s rankings:

Sinclair Broadcast Group (NASDAQ:SBGI) opened at 31.15 on Wednesday. The firm’s 50-day moving average is $29.87 and its 200-day moving average is $33.80. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.92 and a beta of 1.83. Sinclair Broadcast Group has a 1-year low of $24.15 and a 1-year high of $43.05.

Sinclair Broadcast Group (NASDAQ:SBGI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $679.30 million during the quarter, compared to analysts’ expectations of $678.23 million. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, equities analysts anticipate that Sinclair Broadcast Group will post $2.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, August 30th. Sinclair Broadcast Group’s dividend payout ratio (DPR) is currently 24.83%.

SBGI has been the subject of a number of analyst reports. ValuEngine lowered shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 target price on shares of Sinclair Broadcast Group in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Saturday, August 5th. Benchmark Co. boosted their target price 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. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $55.00 target price on shares of Sinclair Broadcast Group in a research note on Monday, October 2nd. Eight equities research analysts have rated the stock with a buy rating, Sinclair Broadcast Group currently has an average rating of “Buy” and a consensus price target of $44.86.

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In related news, Director Howard E. Friedman sold 1,010 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.98, for a total transaction of $32,299.80. Following the completion of the sale, the director now owns 10,990 shares in the company, valued at approximately $351,460.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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