Sinclair Broadcast Group (SBGI) Receives Coverage Optimism Score of 0.29

Media coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has been trending positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the company an impact score of 43.9788487204913 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s analysis:

A number of equities research analysts recently commented on the company. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub upgraded Sinclair Broadcast Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Jefferies Group assumed coverage on Sinclair Broadcast Group in a research report on Thursday, December 14th. They issued a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $55.00 target price on shares of Sinclair Broadcast Group in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, October 4th. One 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 company. Sinclair Broadcast Group presently has an average rating of “Buy” and an average target price of $45.17.

Shares of Sinclair Broadcast Group (NASDAQ:SBGI) traded down $0.25 during trading hours on Thursday, reaching $38.15. The company’s stock had a trading volume of 430,300 shares, compared to its average volume of 1,680,917. Sinclair Broadcast Group has a one year low of $26.70 and a one year high of $43.05. The firm has a market capitalization of $3,910.00, a P/E ratio of 14.34, a PEG ratio of 3.28 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 (NASDAQ:SBGI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.13). Sinclair Broadcast Group had a net margin of 9.06% and a return on equity of 23.27%. The company had revenue of $670.90 million during the quarter, compared to analyst estimates of $671.42 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. equities research analysts anticipate that Sinclair Broadcast Group will post 1.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, November 30th. Sinclair Broadcast Group’s payout ratio is presently 27.07%.

In other Sinclair Broadcast Group news, Director Howard E. Friedman sold 1,010 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $31.98, for a total value of $32,299.80. Following the completion of the transaction, the director now directly owns 10,990 shares of the company’s stock, valued at $351,460.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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