SBGI - Sinclair Broadcast Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
58.50
-0.70 (-1.18%)
As of 2:21PM EDT. Market open.
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Previous Close59.20
Open59.11
Bid58.53 x 800
Ask58.56 x 1800
Day's Range58.46 - 59.38
52 Week Range25.13 - 66.57
Volume355,850
Avg. Volume1,610,454
Market Cap5.344B
Beta (3Y Monthly)1.07
PE Ratio (TTM)18.21
EPS (TTM)3.21
Earnings DateAug 7, 2019
Forward Dividend & Yield0.80 (1.35%)
Ex-Dividend Date2019-05-30
1y Target Est74.50
Trade prices are not sourced from all markets
  • 3 Stocks Corporate Insiders are Buying Now
    TipRanksyesterday

    3 Stocks Corporate Insiders are Buying Now

    For investors, following insiders can be a viable trading strategy. Corporate officers, board members, and investment funds are indeed careful about the way they allocate funds, so following their purchase activity can lead to great investment tips. More importantly, these are the entities with a more direct knowledge of the companies and business sectors. And they put that knowledge to use when planning stock purchases.TipRanks offers the Insiders’ Hot Stocks, a data tool that tracks over 43,000 corporate insiders and reveals their latest moves. We’ve used it to find three affordably priced stocks that are showing positive insider signals. Looking for the stocks, we used the Major Event Strategy, the most successful of four filters available on TipRanks for sorting insider trades.Insider Trading Strategies Sinclair Broadcast Group, Inc. (SBGI)Sinclair is the largest TV operator in the US, reaching 40% of American households with 193 stations in 100 local markets. The network is focused mainly in the Midwest and South. TV, with its advertising reach, is a lucrative business and Sinclair generated revenues over $3 billion in FY2018.Executive Chairman David D. Smith, son of the company’s founder, made the most recent insider purchase of SBGI stock, buying $21.7 million worth on July 10. The purchase increased his holding in the company by 395,000 shares, making him one of the largest shareholders in Sinclair.This insider purchase came just one day before five-star analyst Daniel Kurnos, of Benchmark, affirmed his buy rating and $90 price target on the stock. Smith’s purchase, and Kurnos’s review, come after the company publicized Q2 revenue guidance of $721 million – in line with previous estimates, and one month before the August 8 Q2 earnings release. In his note to investors, Kurnos says, “Sinclair completed the RSN-Charter (CHTR) negotiations, that Dish (DISH) remains the biggest "wildcard" for the RSNs, but he is optimistic Sinclair will prevail.” His price target, with its 52% upside for the stock, reflects his optimism.Overall, Sinclair has a strong buy analyst consensus rating, with a unanimous 5 buys over the past three months. Shares are selling for $59, and the $69 average price target indicates an 18% upside potential.>>Click Here to see the full list of Analyst Ratings Eidos Therapeutics, Inc. (EIDX)Biotech offers great opportunity it any company able to find a solid niche. Eidos Therapeutics focuses on developing new treatments for the two forms of transthyretin (TTR) amyloidosis (ATTR) disease. While the two disease forms – cardiomyopathy and polyneuropathy – manifest differently, they share the same cause. Eidos is working on a drug, AG10, designed to stabilize the malformed protein (TTR) that causes ATTR disease.Research of this type requires a great deal of capital, and that can be raised through stock sales. Recently, on July 8, Eidos received a capital infusion greater than $100 million, when four major stock owners increased their holdings. BridgeBio Pharma, the parent company of Eidos, along with three top company officers – Neil Kumar, CEO, and Ali Satvat and Eric Aguiar, both on the Board of Directors – all purchased $26.3 million worth of EIDX common shares. The transactions brought the total corporate insider purchases of EIDX in the last three months to $218.35 million – a clear vote of confidence by company officers in Eidos’ research pipeline and future prospects.Their optimism is borne out by a recent analyst review. Yasmeen Rahimi, of Roth Capital, believes “Eidos Therapeutics to maintain and even expedite enrollment into its Phase 3 ATTRibute-CM trial.” She also notes “an increase in AG10's annual price from $150,000 to $225,000 and Probability of Success adjustment from 70% to 80%.” In line with the upbeat prospects for the drug, she boosted her price target on EIDX by 45%, from $28 to $51. Her new price target suggests an upside potential of 27% for the stock.In the last three months, Eidos as received 2 buy ratings, giving it a moderate buy from the analyst consensus. The average price target of $44.50 suggests an 11% upside from the current share price of $39.97.>>Click Here to see the full list of Analyst Ratings Beacon Roofing Supply, Inc. (BECN)Economic experts predict that the US housing market, which has shown a slowing trend since 2017, will continue to weaken into 2020. Slowing population growth, combined with lower incomes and higher debt levels among the millennial age cohort, are putting downward pressure on housing starts.But there is always some demand for new housing, and construction companies like Beacon Roofing, North America’s largest supplier of roofing products to the residential and commercial construction sectors, will always have customers. This optimistic outlook is borne out by Cd&R Investment Associates IX recent purchase, back on June 28, of $158 million worth of BECN stock. A purchase of this size, by an investment group, is a clear signal of confidence in the stock.A look at the analyst reviews will help to explain the confidence. SunTrust’s Keith Hughes said, on March 26, “that while adverse weather factors reduced expectations, the outlook for the rest of the year suggests minimal impact in future quarters. [R]oofing can actually see benefits from weather factors over the medium term as replacement demand rises.” Hughes set a price target of $44, suggesting an upside of 18%.Weighing in just last month, Raymond James analyst Sam Darkatsh concurred on the buy rating, and gave BECN a $40 price target.BECN’s analyst consensus rating is a moderate buy, with 1 buy and 2 hold ratings given in the last 90 days. Shares are selling for $37.20, so the average price target of $40 indicates a possible 7.5% upside.>>Click Here to see the full list of Analyst RatingsVisit TipRanks’ Insiders’ Hot Stocks, and find your own best investment.

  • Benzinga2 days ago

    Notable Insider Buys This Past Week: G-III Apparel, Sinclair Broadcast

    Insider buying can be an encouraging signal for potential investors. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit. Sinclair Broadcast Group Inc (NASDAQ: SBGI) saw Executive Chair David Smith purchase shares midweek.

  • GuruFocus.com2 days ago

    Weekly Top Insider Buys Highlight for the Week of July 12

    The largest Insider Buys this week were for Thor Industries Inc. (THO), Sinclair Broadcast Group Inc. (SBGI), OPKO Health Inc. (OPK), and Perspecta Inc. (PRSP). Continue reading...

  • MarketWatch5 days ago

    Sinclair reports media revenue above expectations

    Sinclair Broadcast Group Inc. reported Thursday second-quarter media revenue of $721 million, above the FactSet consensus of $712.9 million. The TV broadcasting company said complete quarterly results will be reported on Aug. 7. Separately, Sinclair said it has entered into a agreement with Charter Communications Inc. for the continued carriage of its TV stations and the Tennis Channel, and for the carriage of its Marquee Sports Network when it launches in the first quarter of 2020. Sinclair's stock, which slipped 0.4% in light premarket trading, has more than doubled this year (up 118%), while Charter shares have rallied 43% and the Dow Jones Industrial Average has gained 15%.

  • PR Newswire5 days ago

    Sinclair Reports Preliminary Second Quarter 2019 Media Revenue

    The Company also announced that it has entered into a multi-year agreement with Charter Communications, Inc. for the continued carriage of the Company's broadcast television stations and Tennis Channel, as well as carriage of Marquee Sports Network when it launches in the first quarter of 2020.  The agreement also provides for a term extension for the carriage of currently carried FOX regional sports networks (the "RSNs") that is effective upon the Company closing on its pending acquisition of the RSNs from the Walt Disney Company. The preliminary Media Revenue results described in this press release are estimates only and are subject to revision until the Company completes its close processes.  The Company will report its complete second quarter 2019 earnings results at 7:30 a.m. ET on Wednesday, August 7, 2019, followed by a conference call to discuss the results at 9:00 a.m. ET.  The call will be webcast live and can be accessed at www.sbgi.net under "Investors/ Webcasts."  The dial-in number for the earnings call is 888-428-7458.

  • Sinclair chair David Smith buys $21.8 million worth of stock
    American City Business Journals6 days ago

    Sinclair chair David Smith buys $21.8 million worth of stock

    David D. Smith, Sinclair Broadcast's executive chairman and largest shareholder, purchased 395,000 shares at an average price of $55.10 per share across five transactions.

  • Moody's7 days ago

    Sinclair Broadcast Group, Inc. -- Moody's confirms Sinclair's Ba3 CFR; outlook stable

    Concurrently, Moody's confirmed the Ba1 rating on the senior secured bank credit facilities and the B1 rating on the senior unsecured notes, both of which are issued at 100% owned subsidiary Sinclair Television Group, Inc ("STGI"). Moody's assigned Ba1 ratings to the new senior secured facilities -- a $700 million term loan and $650 million revolving credit facility. Moody's has also affirmed Sinclair's speculative grade liquidity rating at SGL-2.

  • PR Newswire7 days ago

    Sinclair Announces Private Offering of Senior Secured Notes and Senior Notes of Diamond Sports Group

    BALTIMORE , July 9, 2019 /PRNewswire/ -- In connection with its $9.6 billion pending and previously announced acquisition of a regional sports networks business ("RSN") from The Walt Disney Company, ...

  • PR Newswire7 days ago

    Sinclair Announces Launch of Regional Sports Network Acquisition Financing

    BALTIMORE , July 9, 2019 /PRNewswire/ -- In connection with its $9.6 billion pending and previously announced acquisition of a regional sports networks business ("RSN") from The Walt Disney Company, ...

  • Business Wire11 days ago

    Robbins Arroyo LLP Is Investigating the Officers and Directors of Sinclair Broadcast Group Inc. (SBGI) on Behalf of Shareholders

    Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Sinclair Broadcast Group Inc. breached their fiduciary duties to shareholders by misleading the Federal Communications Commission during its unsuccessful attempt to buy Tribune Media Co.

  • AT&T Might Unload Regional Sports Networks to Reduce Debt
    Zacks13 days ago

    AT&T Might Unload Regional Sports Networks to Reduce Debt

    AT&T (T) is reportedly planning to sell its four regional sports networks in an attempt to trim its huge debt burden.

  • American City Business Journals13 days ago

    CEO-to-employee pay gap widens at Greater Baltimore's public companies

    This year marks the second round of disclosures, including the first time some companies reported data because of the timing of their fiscal years.

  • AT&T Considers Selling Regional Sports Networks to Slash Debt
    Bloomberg14 days ago

    AT&T Considers Selling Regional Sports Networks to Slash Debt

    (Bloomberg) -- AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, according to people familiar with the matter.The four regional networks, which includes rights to teams such as the hockey’s Pittsburgh Penguins, basketball’s Houston Rockets and baseball’s Seattle Mariners, could fetch close to $1 billion, according to the people, who asked not to be identified as the deliberations are private.Sinclair Broadcast Group Inc., which agreed in May to buy 21 Fox regional sports networks from Walt Disney Co. for $9.6 billion, could be among the potential buyers, the people said. John Malone’s Liberty Media Corp. and Ice Cube’s Big3 U.S. basketball league were among the other bidders for the Fox assets.AT&T hasn’t started a formal process to sell the networks, and there are no guarantees a deal will be announced, the people said. The four networks are AT&T SportsNet Pittsburgh, AT&T SportsNet Rocky Mountain (Utah, Nevada and Colorado), AT&T SportsNet Southwest (parts of Texas and Louisiana) and Root Sports Northwest (Alaska, Washington and Oregon). The four networks have rights to more than two dozen pro teams, college programs and NCAA conferences.A representative for AT&T declined to comment, while Sinclair didn’t respond to requests for comment.A sale of the regional sports networks -- known as must-see content for avid fans -- highlights AT&T’s ongoing struggle to fix a debt-heavy balance sheet. The company, which has to spend money on a number of priorities, including an expansion of its 5G wireless network, has been financially handcuffed after amassing more than $180 billion in debt with the acquisitions of DirecTV and Time Warner Inc.AT&T PriorityDespite a steady decline in TV subscribers, AT&T Chief Executive Officer Randall Stephenson has said the company’s top priority this year is to reduce debt. As part of that plan, he has been raising cash by selling holdings, including its stake in Hulu and its New York offices. The two deals fetched $3.6 billion in proceeds.The sale would make sense for AT&T because the teams and the conferences in the regional networks have been seeking richer terms, knowing live sports attracts viewers. AT&T might see the sale as a way to “get rid of the high costs and use the cash to buy down more debt,” said Roger Entner an analyst with Recon Analytics LLC.Sinclair’s purchase of the Fox networks from Disney is still subject to approval from the Justice Department and the Federal Communications Commission. Last week three senators and presidential hopefuls -- Cory Booker, Bernie Sanders and Elizabeth Warren -- wrote a letter to the FCC and Justice Department expressing their concern over the increased costs to cable and satellite consumers.\--With assistance from Gerry Smith.To contact the reporters on this story: Nabila Ahmed in New York at nahmed54@bloomberg.net;Eben Novy-Williams in New York at enovywilliam@bloomberg.net;Scott Moritz in New York at smoritz6@bloomberg.netTo contact the editors responsible for this story: Elizabeth Fournier at efournier5@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire14 days ago

    Sinclair Broadcast Group's CompulseOTT Unit Releases New OTT Reporting Platform: "Compulse360"

    BALTIMORE, July 2, 2019 /PRNewswire/ -- Sinclair announced the release of its new daily over-the-top (OTT) reporting platform for CompulseOTT called "Compulse360." The new reporting platform will provide campaign measurement of audiences and impression metrics in a local market. "Compulse360" will leverage Comscore's innovative cross-platform video advertising measurement solution, Comscore Campaign Ratings, to prove the efficiency of the campaigns run through the new ad network. "We are very excited to provide the highest-level reporting at scale on over 2,000 local monthly connected TV campaigns with third-party reporting on every single ad impression from Comscore, a partner for planning, transacting and evaluating media across platforms," said Brian Hunt, head of OTT/CTV for CompulseOTT and Sinclair Digital Group.

  • Should You Be Excited About Sinclair Broadcast Group, Inc.'s (NASDAQ:SBGI) 21% Return On Equity?
    Simply Wall St.17 days ago

    Should You Be Excited About Sinclair Broadcast Group, Inc.'s (NASDAQ:SBGI) 21% Return On Equity?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • FCC probes whether Sinclair misled agency during failed Tribune deal
    Reuters19 days ago

    FCC probes whether Sinclair misled agency during failed Tribune deal

    Shares in Sinclair Broadcast Group Inc fell by 1.6% after the U.S. Federal Communications Commission disclosed it has opened an investigation into whether the company misled the agency in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co. In a June 25 letter to Sinclair posted Wednesday on the FCC’s website, the government agency's media bureau directed Sinclair to answer a series of questions by July 9. On Thursday, the letter had been removed from the FCC's website.

  • PR Newswire19 days ago

    Sinclair Promotes Brian Dodge To General Manager In South Bend, IN

    SOUTH BEND, Ind., June 27, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that Brian Dodge has been promoted to General Manager for WSBT (CBS, FOX) in South Bend, Indiana.  The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair's television group.

  • FCC opens probe into Sinclair disclosures on failed Tribune deal
    Reuters19 days ago

    FCC opens probe into Sinclair disclosures on failed Tribune deal

    The Federal Communications Commission has opened a new investigation into whether Sinclair Broadcast Group Inc engaged in misrepresentations or a lack of candor in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co. Sinclair did not immediately respond to a Reuters request for comment. An administrative judge in March dropped a hearing into allegations that Sinclair, the largest U.S. broadcast station owner, may have misled regulators.

  • Here is What Hedge Funds Really Think About Sinclair Broadcast Group (SBGI)
    Insider Monkey23 days ago

    Here is What Hedge Funds Really Think About Sinclair Broadcast Group (SBGI)

    Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]

  • PR Newswire28 days ago

    Sinclair Broadcast Group Wins Four RTDNA National Edward R. Murrow Awards

    BALTIMORE, June 18, 2019 /PRNewswire/ -- Sinclair Broadcast Group (SBGI) congratulates three of its news stations – KATV (Little Rock, AK), WGME (Portland, ME) and WRGB (Albany, NY) – for winning prestigious National Edward R. Murrow Awards, one of the highest honors in journalism. In addition, Sinclair's National Desk was awarded for its excellent work in digital storytelling.

  • Greater Baltimore's public companies outpace the Dow so far in 2019
    American City Business Journalslast month

    Greater Baltimore's public companies outpace the Dow so far in 2019

    The 10 largest local publicly traded companies have seen their stock price increase by an average of 31.5% through June 13.

  • PR Newswirelast month

    Sinclair Broadcast Group Investigative Reporters And Editors Honored At 2019 IRE Awards

    BALTIMORE, June 14, 2019 /PRNewswire/ -- Sinclair Broadcast Group (SBGI) is pleased to announce that Baltimore's Fox45 News will be honored at the June 13-15th Investigative Reporters and Editors (IRE) Awards luncheon for its 14-month investigation exposing a lack of state oversight of religious schools in the Baltimore area. "The Two Hour Diploma" won the prestigious award for "Best in Investigative Reporting" in the Broadcast/Video category for Division III, which spans television stations in market sizes 21-50. The winning news team includes Jeff Keene, Chris Papst, Carolyn Sachse, Dwayne Myers, and Kevin Drennan.

  • Cubs new cable channel names top sales executive
    American City Business Journalslast month

    Cubs new cable channel names top sales executive

    Vincent Sollecito will head up the sales effort at the Cubs cable channel set to launch in early 2020.