SBGI - Sinclair Broadcast Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
43.10
-1.29 (-2.91%)
At close: 4:00PM EDT
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Previous Close44.39
Open44.08
Bid31.27 x 1000
Ask43.12 x 1400
Day's Range43.80 - 44.34
52 Week Range25.14 - 66.57
Volume869,458
Avg. Volume1,285,131
Market Cap3.937B
Beta (3Y Monthly)1.07
PE Ratio (TTM)13.42
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.80 (1.59%)
Ex-Dividend Date2019-05-30
1y Target EstN/A
Trade prices are not sourced from all markets
  • Sinclair closes $10.6B acquisition of Fox regional sports networks
    American City Business Journals

    Sinclair closes $10.6B acquisition of Fox regional sports networks

    The portfolio's extensive footprint includes exclusive local rights to 42 professional teams consisting of 14 MLB teams, 16 NBA teams and 12 NHL teams.

  • Under Armour, Medifast among stocks falling as Trump's trade war with China escalates
    American City Business Journals

    Under Armour, Medifast among stocks falling as Trump's trade war with China escalates

    President Donald Trump ordered U.S. companies to find alternatives to their China operations in a series of tweets.

  • Sinclair adds marketing exec as it preps to close deal for Fox regional sports networks
    American City Business Journals

    Sinclair adds marketing exec as it preps to close deal for Fox regional sports networks

    Sinclair Broadcast Group Inc. has brought on an executive with sports marketing experience as the company inches closer to completing its purchase of 21 Fox regional sports networks. Cathy Jamison joins the Hunt Valley-based broadcaster as vice president of sales marketing of its television group. In the role she will report to Chief Revenue Officer Rob Weisbord and be responsible for driving revenue growth from advertising on Sinclair's TV channels and digital brands.

  • Seth Klarman's Baupost Boosts Liberty, Reduces eBay
    GuruFocus.com

    Seth Klarman's Baupost Boosts Liberty, Reduces eBay

    Baupost had a busy 2nd quarter, according to its 13-F filing Continue reading...

  • The Top 5 Buys of Ken Heebner's CGM
    GuruFocus.com

    The Top 5 Buys of Ken Heebner's CGM

    Growth-oriented firm releases 2nd-quarter portfolio Continue reading...

  • Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Is An Attractive Dividend Stock - Here's Why
    Simply Wall St.

    Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Is An Attractive Dividend Stock - Here's Why

    Today we'll take a closer look at Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) from a dividend investor's perspective...

  • Sinclair Broadcast Group Inc (SBGI) Q2 2019 Earnings Call Transcript
    Motley Fool

    Sinclair Broadcast Group Inc (SBGI) Q2 2019 Earnings Call Transcript

    SBGI earnings call for the period ending June 30, 2019.

  • Sinclair expects Dish to reach agreement with Disney, pick up Fox regional sports networks again
    American City Business Journals

    Sinclair expects Dish to reach agreement with Disney, pick up Fox regional sports networks again

    A number of contract disputes have led to station blackouts across the U.S., including Dish dropping regional sports networks being acquired by Sinclair Broadcast Group.

  • Sinclair's profit rises 50% in second quarter, financing for Fox sports deal completed
    American City Business Journals

    Sinclair's profit rises 50% in second quarter, financing for Fox sports deal completed

    Sinclair has completed the financing for its acquisition of 21 Fox regional sports networks and expects the transaction to close in the third quarter, CEO Chris Ripley said.

  • Sinclair (SBGI) Tops Q2 Earnings Estimates
    Zacks

    Sinclair (SBGI) Tops Q2 Earnings Estimates

    Sinclair (SBGI) delivered earnings and revenue surprises of 6.06% and -0.19%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Under Armour, T. Rowe Price see shares fall amid Wall Street's very bad day
    American City Business Journals

    Under Armour, T. Rowe Price see shares fall amid Wall Street's very bad day

    The stock market was on track for its worst day of the year after China's central bank allowed the value of the yuan to weaken against the U.S. dollar.

  • Dish feud with FOX sports nets threatens Spurs TV blackouts
    American City Business Journals

    Dish feud with FOX sports nets threatens Spurs TV blackouts

    San Antonio's NBA team could lose some of its viewers if a carriage deal isn't reached before next season.

  • Sinclair (SBGI) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Sinclair (SBGI) Reports Next Week: Wall Street Expects Earnings Growth

    Sinclair (SBGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Memories from Cooperstown, the annual Intertribal Canoe Journey and a lost and found success story
    American City Business Journals

    Memories from Cooperstown, the annual Intertribal Canoe Journey and a lost and found success story

    A father and son took the trip of a lifetime to attend the Baseball Hall of Fame induction of Seattle Mariners Legend Edgar Martinez.

  • Market Realist

    AT&T Opens New Revenue Streams as It Works to Cut Debt

    AT&T; became the first major mobile operator to offer a service that automatically blocks unwanted calls. This service has also opened a new revenue stream as the company works to reduce its debt.

  • Read This Before Buying Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Shares
    Simply Wall St.

    Read This Before Buying Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Moody's

    Diamond Sports Group, LLC -- Moody's says increase in senior secured debt has no impact on Diamond Sports Group's ratings

    Moody's Investors Service (Moody's) today said that Diamond Sports Group, LLC's (Diamond, Ba3 stable) announcement that it would increase by $500 million the amount of senior secured debt, and concurrently decrease the amount of senior unsecured debt, it is raising as part of the acquisition of the Regional Sports Networks, had no impact on Diamond ratings. The transaction is leverage neutral and the increase in the quantum of senior secured debt has no impact on the company's Ba2 senior secured rating nor on the B2 rating on the senior unsecured facilities.

  • Moody's

    Sinclair Television Group, Inc -- Moody's downgrades Sinclair's secured debt rating to Ba2

    The downgrade of the senior secured instruments reflects the increase in the quantum of senior secured debt and the reduction in senior unsecured debt ranking behind it. After the transaction, Sinclair will have around $2,625 million of senior secured debt ranking ahead of $1,800 million of senior unsecured notes.

  • 3 Stocks Corporate Insiders are Buying Now
    TipRanks

    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.

  • Benzinga

    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.com

    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...

  • MarketWatch

    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%.

  • Sinclair chair David Smith buys $21.8 million worth of stock
    American City Business Journals

    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.