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

Media headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.6317584473416 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 media headlines that may have effected Accern Sentiment Analysis’s scoring:

SBGI has been the topic of a number of research reports. BidaskClub upgraded Sinclair Broadcast Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 27th. Zacks Investment Research lowered Sinclair Broadcast Group from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Friday, February 9th. TheStreet lowered Sinclair Broadcast Group from a “b” rating to a “c+” rating in a research note on Thursday, May 3rd. Royal Bank of Canada reiterated a “buy” rating on shares of Sinclair Broadcast Group in a research note on Thursday, March 1st. Finally, ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.30.

SBGI stock opened at $30.80 on Friday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. Sinclair Broadcast Group has a 1 year low of $26.50 and a 1 year high of $40.15. The stock has a market capitalization of $3.13 billion, a PE ratio of 11.00, a P/E/G ratio of 4.56 and a beta of 1.60.

Sinclair Broadcast Group (NASDAQ:SBGI) last posted its earnings results on Wednesday, February 28th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $1.07. Sinclair Broadcast Group had a return on equity of 22.02% and a net margin of 20.44%. The business had revenue of $734.00 million during the quarter, compared to analyst estimates of $733.41 million. During the same quarter last year, the firm earned $1.32 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. equities analysts predict that Sinclair Broadcast Group will post 3.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. Sinclair Broadcast Group’s dividend payout ratio (DPR) is presently 25.71%.

Sinclair Broadcast Group Company Profile

Sinclair Broadcast Group, Inc operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations.

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

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