Sinclair Broadcast Group Inc. Hits New 52-Week High at $32.63 (SBGI)
Shares of Sinclair Broadcast Group (NASDAQ:SBGI) hit a new 52-week high on Wednesday, StockRatingsNetwork reports. The company traded as high as $32.63 and last traded at $31.96, with a volume of 1,663,320 shares trading hands. The stock had previously closed at $31.52.
A number of research firms have recently commented on SBGI. Analysts at Thomson Reuters/Verus downgraded shares of Sinclair Broadcast Group (NASDAQ:SBGI) from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Benchmark Co. raised their price target on shares of Sinclair Broadcast Group (NASDAQ:SBGI) from $22.00 to $42.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sinclair Broadcast Group currently has a consensus rating of “Hold” and an average price target of $32.18.
Sinclair Broadcast Group has a 1-year low of $10.01 and a 1-year high of $31.99. The stock’s 50-day moving average is $26.57 and its 200-day moving average is $26.02. The company has a market cap of $3.174 billion and a P/E ratio of 22.17.
Sinclair Broadcast Group (NASDAQ:SBGI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $314.15 million for the quarter, compared to the consensus estimate of $311.93 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. Analysts expect that Sinclair Broadcast Group will post $1.11 EPS for the current fiscal year.
Sinclair Broadcast Group, Inc is diversified television broadcasting company. The Company owns or provides certain programming, operating or sales services to more television stations.
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