News headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also gave news stories about the company an impact score of 73 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Sinclair Broadcast Group (SBGI) Receives Media Impact Rating of 0.37 (thedailyzipper.com)
- Sinclair Broadcast Group, Inc. breached its 50 day moving average in a Bearish Manner : SBGI-US : June 19, 2017 (finance.yahoo.com)
- Sinclair Broadcast Group Set to Possibly Pullback After Yesterday’s Rally of 3.30% (mysmartrend.com)
- Sinclair Broadcast : Response To Denial Of Emergency Stay Of The UHF Discount (4-traders.com)
- Analysts Set Sinclair Broadcast Group, Inc. (SBGI) PT at $44.50 (ismboard.com)
SBGI has been the subject of several recent research reports. Wells Fargo & Co restated a “buy” rating on shares of Sinclair Broadcast Group in a report on Monday, March 6th. Benchmark Co. lifted their price objective on Sinclair Broadcast Group from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Stephens set a $46.00 price objective on Sinclair Broadcast Group and gave the company a “buy” rating in a report on Saturday, June 3rd. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Finally, Zacks Investment Research upgraded shares of Sinclair Broadcast Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Sinclair Broadcast Group currently has an average rating of “Buy” and a consensus target price of $44.80.
Shares of Sinclair Broadcast Group (NASDAQ SBGI) traded down 5.03% during midday trading on Tuesday, hitting $33.05. The stock had a trading volume of 3,078,612 shares. The firm has a 50 day moving average price of $34.62 and a 200 day moving average price of $36.13. Sinclair Broadcast Group has a one year low of $24.15 and a one year high of $43.05. The stock has a market cap of $3.39 billion, a PE ratio of 11.14 and a beta of 1.80.
Sinclair Broadcast Group (NASDAQ:SBGI) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $649.90 million during the quarter, compared to analysts’ expectations of $646.94 million. Sinclair Broadcast Group had a net margin of 9.91% and a return on equity of 39.72%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts forecast that Sinclair Broadcast Group will post $2.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, May 30th. Sinclair Broadcast Group’s dividend payout ratio is 24.08%.
In other news, Director Lawrence E. Mccanna sold 2,000 shares of Sinclair Broadcast Group stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $34.75, for a total value of $69,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David D. Smith bought 4,400 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was purchased at an average price of $36.77 per share, with a total value of $161,788.00. The disclosure for this purchase can be found here. 28.20% of the stock is owned by company insiders.
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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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