Share on StockTwits

Shares of Sinclair Broadcast Group (NASDAQ:SBGI) were the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 16,613,187 shares, a decrease of 12.3% from the July 15th total of 18,952,920 shares, reports. Currently, 24.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 963,901 shares, the days-to-cover ratio is presently 17.2 days.

Sinclair Broadcast Group (NASDAQ:SBGI) opened at 32.29 on Tuesday. Sinclair Broadcast Group has a 52 week low of $23.28 and a 52 week high of $37.50. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $29.76. The company has a market cap of $3.145 billion and a price-to-earnings ratio of 30.17.

Sinclair Broadcast Group (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $455.14 million for the quarter, compared to the consensus estimate of $440.66 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. Analysts expect that Sinclair Broadcast Group will post $1.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a boost from Sinclair Broadcast Group’s previous quarterly dividend of $0.15.

Sinclair Broadcast Group, Inc is diversified television broadcasting company. The Company owns or provides certain programming, operating or sales services to more television stations.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.