Positive Press Coverage Somewhat Unlikely to Affect Sinclair Broadcast Group (SBGI) Stock Price

Press coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has trended positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 43.249869637952 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Sinclair Broadcast Group (SBGI) traded up $0.35 during trading on Friday, reaching $38.20. The company had a trading volume of 768,935 shares, compared to its average volume of 1,370,000. The firm has a market capitalization of $3,920.00, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 3.25 and a beta of 1.92. Sinclair Broadcast Group has a 12-month low of $26.70 and a 12-month high of $43.05. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.74 and a current ratio of 1.74.

Sinclair Broadcast Group (NASDAQ:SBGI) last posted its earnings results on Wednesday, November 1st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $670.90 million for 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 firm’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. sell-side analysts anticipate that Sinclair Broadcast Group will post 1.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, November 30th. Sinclair Broadcast Group’s dividend payout ratio (DPR) is 27.07%.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Sinclair Broadcast Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Group assumed coverage on Sinclair Broadcast Group in a research note on Thursday, December 14th. They set a “buy” rating and a $48.00 price objective for the company. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. B. Riley upped their price objective on Sinclair Broadcast Group from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $55.00 price target on shares of Sinclair Broadcast Group in a research note on Monday, October 2nd. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.17.

In related news, Director Howard E. Friedman sold 1,010 shares of the firm’s 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 sale, the director now directly owns 10,990 shares of the company’s stock, valued at $351,460.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.20% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

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