July 3, 2022
  • July 3, 2022

Changes in weekly analyst ratings for Sinclair Broadcast Group (SBGI)

By on May 25, 2022 0

Sinclair Broadcasting Group (NASDAQ: SBGI) recently received a number of rating updates from brokerages and research firms:

  • 05/23/2022 – Sinclair Broadcast Group has had its price target lowered by Deutsche Bank Aktiengesellschaft analysts from $31.00 to $28.00.
  • 5/10/2022 – Sinclair Broadcast Group has been updated by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 06/05/2022 – Sinclair Broadcast Group has been updated by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Sinclair Broadcast Group is a diversified broadcast company that owns or provides programming services under local marketing agreements to more television stations than any other commercial broadcast group in the United States. “
  • 05/05/2022 – Sinclair Broadcast Group has been upgraded by analysts at Wells Fargo & Company from a “weighted” rating to an “overweight” rating. They now have a price target of $33.00 on the stock, down from $30.00 previously.
  • 04/19/2022 – Sinclair Broadcast Group is now covered by analysts at Rosenblatt Securities. They set a “neutral” rating and a price target of $21.00 on the stock.
  • 09/04/2022 – Sinclair Broadcast Group has been updated by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Sinclair Broadcast Group is a diversified broadcast company that owns or provides programming services under local marketing agreements to more television stations than any other commercial broadcast group in the United States. “
  • 31/03/2022 – Sinclair Broadcast Group is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 30/03/2022 – Sinclair Broadcast Group has been downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sinclair Broadcast Group is a diversified broadcast company that owns or provides programming services under local marketing agreements to more television stations than any other commercial broadcast group in the United States. “

Shares of SBGI action opened at $21.86 on Wednesday. Sinclair Broadcast Group, Inc. has a 12-month low of $21.81 and a 12-month high of $35.69. The company has a fifty-day moving average of $25.00 and a 200-day moving average of $26.21. The company has a market capitalization of $1.57 billion, a price-earnings ratio of 0.73 and a beta of 1.33. The company has a quick ratio of 2.43, a current ratio of 2.43 and a leverage ratio of 6.20.

Sinclair Broadcasting Group (NASDAQ: SBGIGet a rating) last reported results on Wednesday, May 4. The company reported EPS of $0.37 for the quarter, beating the consensus estimate of ($1.66) by $2.03. The company posted revenue of $1.29 billion for the quarter, versus a consensus estimate of $1.53 billion. Sinclair Broadcast Group had a net margin of 36.97% and a negative return on equity of 16.74%. The company’s revenue fell 14.8% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.18. On average, stock analysts expect Sinclair Broadcast Group, Inc. to post -2.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, June 1 will receive a dividend of $0.25. This represents a dividend of $1.00 on an annualized basis and a yield of 4.57%. The ex-dividend date is Tuesday, May 31. Sinclair Broadcast Group’s payout ratio is currently 3.33%.

Several large investors have recently bought and sold shares of SBGI. The Public Employees Retirement System of Ohio raised its position in shares of Sinclair Broadcast Group by 6.0% during the fourth quarter. The Ohio Public Employees Retirement System now owns 6,736 shares of the company valued at $178,000 after purchasing 384 additional shares during the period. Signaturefd LLC increased its position in Sinclair Broadcast Group by 65.1% during the fourth quarter. Signaturefd LLC now owns 1,106 shares of the company worth $29,000 after acquiring an additional 436 shares during the period. Eagle Bay Advisors LLC raised its position in shares of Sinclair Broadcast Group by 108.0% in the third quarter. Eagle Bay Advisors LLC now owns 1,040 shares of the company valued at $32,000 after purchasing an additional 540 shares in the last quarter. Deutsche Bank AG increased its stake in Sinclair Broadcast Group by 1.9% during the third quarter. Deutsche Bank AG now owns 30,042 shares of the company worth $951,000 after purchasing an additional 551 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Sinclair Broadcast Group by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,940 shares of the company valued at $51,000 after acquiring 600 additional shares in the last quarter.

Sinclair Broadcast Group, Inc operates as a media company in the United States. The Company operates in two segments, Broadcasting and Local Sports. The Broadcast segment broadcasts free live programs, such as network-provided programs, locally produced news, local sporting events, programs from program service arrangements, syndicated entertainment programs and aimed at viewers in the communities through its local television. stations.

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