|Bid||19.00 x 1800|
|Ask||22.53 x 3200|
|Day's Range||19.17 - 20.88|
|52 Week Range||10.58 - 47.76|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||12.75|
|Earnings Date||Nov 04, 2020|
|Forward Dividend & Yield||0.80 (4.14%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||23.69|
Sinclair (SBGI) delivered earnings and revenue surprises of -33.54% and -9.42%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Sinclair Broadcast Group (NASDAQ:SBGI) remained unaffected after the company reported Q2 results.Quarterly Results Earnings per share increased 358.57% year over year to $3.21, which missed the estimate of $4.77.Revenue of $1,283,000,000 up by 66.47% from the same period last year, which missed the estimate of $1,410,000,000.Guidance Q3 revenue expected between $1,477,000,000 and $1,514,000,000.Conference Call Details Date: Aug 05, 2020Time: 09:00 AMView more earnings on SBGIET Webcast URL: http://sbgi.net/investor-relations/EarningsWebcastTechnicals Company's 52-week high was at $51.4352-week low: $10.57Price action over last quarter: Up 33.69%Company Description Sinclair Broadcast Group is the second- largest television station operator in the U.S., with 191 stations in 89 markets. Of the firm's 607 channels, 154 are affiliated with the four national broadcasters--Fox (59), ABC (41), CBS (30), and NBC (24)--with another 86 channels on networks aligned with CBS (47 CW channels) and Fox (39 MyNetworkTV channels). Via the 2019 purchase of Fox Sports Networks from Disney, Sinclair is now the largest owner or operator of regional sports networks with 14 Fox-branded RSNs covering 42 NBA, MLB, and NHL teams along with the new home of the Chicago Cubs, Marquee Sports Network. The firm also owns the Tennis Channel, four multicast networks, and professional wresting promotion Ring of Honor.See more from Benzinga * Earnings Scheduled For August 5, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock. The dividend is payable on September 15, 2020, to the holders of record at the close of business on September 1, 2020.