Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) will be posting its quarterly earnings results on Wednesday, November 1st. Analysts expect Sinclair Broadcast Group to post earnings of $0.43 per share for the quarter.
Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $679.30 million during the quarter, compared to the consensus estimate of $678.23 million. Sinclair Broadcast Group had a return on equity of 32.06% and a net margin of 9.70%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. On average, analysts expect Sinclair Broadcast Group to post $2.05 EPS for the current fiscal year and $3.13 EPS for the next fiscal year.
Shares of Sinclair Broadcast Group, Inc. (NASDAQ SBGI) opened at 31.00 on Monday. The stock has a market cap of $3.18 billion, a PE ratio of 10.87 and a beta of 1.83. The company’s 50-day moving average price is $30.10 and its 200-day moving average price is $33.00. Sinclair Broadcast Group, Inc. has a 52-week low of $24.65 and a 52-week high of $43.05.
In other Sinclair Broadcast Group news, Director Howard E. Friedman sold 1,010 shares of the stock in a transaction dated Monday, October 2nd. The stock was 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 directly owns 10,990 shares in the company, valued at approximately $351,460.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 28.20% of the company’s stock.
Several equities research analysts recently issued reports on SBGI shares. ValuEngine cut Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Royal Bank Of Canada restated 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 upgraded 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. Deutsche Bank AG initiated coverage on Sinclair Broadcast Group in a research note on Friday, October 20th. They set a “buy” rating and a $46.00 target price for the company. Finally, Benchmark Co. upped their target price on Sinclair Broadcast Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Nine research analysts have rated the stock with a buy rating, Sinclair Broadcast Group currently has an average rating of “Buy” and an average target price of $45.00.
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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