Somewhat Favorable News Coverage Somewhat Unlikely to Impact Sinclair Broadcast Group (SBGI) Share Price

News headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.2185242636282 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Sinclair Broadcast Group (NASDAQ:SBGI) opened at $35.40 on Friday. The company has a market cap of $3,423.58, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 8.41 and a beta of 1.92. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74. Sinclair Broadcast Group has a 12 month low of $26.70 and a 12 month high of $43.05.

Sinclair Broadcast Group (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.13). The business had revenue of $670.90 million during the quarter, compared to analyst estimates of $671.42 million. Sinclair Broadcast Group had a return on equity of 23.27% and a net margin of 9.06%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. sell-side analysts forecast that Sinclair Broadcast Group will post 2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.03%. Sinclair Broadcast Group’s payout ratio is currently 27.07%.

SBGI has been the subject of several research reports. B. Riley boosted their price target on shares of Sinclair Broadcast Group from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. FBR & Co initiated coverage on shares of Sinclair Broadcast Group in a research note on Tuesday, October 31st. They issued a “buy” rating and a $43.00 price target for the company. Deutsche Bank initiated coverage on shares of Sinclair Broadcast Group in a research note on Friday, October 20th. They issued a “buy” rating and a $46.00 price target for the company. Zacks Investment Research downgraded shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Sinclair Broadcast Group presently has a consensus rating of “Buy” and an average target price of $44.91.

In related news, Director Howard E. Friedman sold 1,010 shares of the business’s stock in a transaction on 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 transaction, the director now owns 10,990 shares in the company, valued at $351,460.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 28.20% of the company’s stock.

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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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