News stories about Sinclair Broadcast Group (NASDAQ:SBGI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1720021705803 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Sinclair Broadcast Group, Inc. breached its 50 day moving average in a Bearish Manner : SBGI-US : August 4, 2017 (finance.yahoo.com)
- Sinclair announces winners of the 2017 Broadcast Diversity Scholarship (finance.yahoo.com)
- Financial Review: Sinclair Broadcast Group (NASDAQ:SBGI) & Liberty Media Corporation (LSXMK) (americanbankingnews.com)
- Edited Transcript of SBGI earnings conference call or presentation 2-Aug-17 1:30pm GMT (finance.yahoo.com)
Shares of Sinclair Broadcast Group (NASDAQ SBGI) traded down 1.57% during mid-day trading on Friday, reaching $31.40. 4,145,970 shares of the company were exchanged. The stock has a market capitalization of $3.22 billion, a P/E ratio of 11.01 and a beta of 1.79. Sinclair Broadcast Group has a 12 month low of $24.15 and a 12 month high of $43.05. The stock has a 50 day moving average price of $34.10 and a 200-day moving average price of $36.27.
Sinclair Broadcast Group (NASDAQ:SBGI) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $679.30 million for 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 36.67%. Sinclair Broadcast Group’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Analysts predict that Sinclair Broadcast Group will post $2.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.18 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 annualized dividend and a yield of 2.29%. Sinclair Broadcast Group’s dividend payout ratio is currently 24.83%.
Several analysts have recently commented on SBGI shares. ValuEngine raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Stephens set a $46.00 price objective on shares of Sinclair Broadcast Group and gave the company a “buy” rating in a report on Saturday, June 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Sinclair Broadcast Group in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Sinclair Broadcast Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Finally, Benchmark Co. increased their price target on shares of Sinclair Broadcast Group from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $43.50.
In other Sinclair Broadcast Group news, Director Lawrence E. Mccanna sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $34.75, for a total transaction of $69,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 28.20% of the stock is currently owned by insiders.
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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