Share on StockTwits

Sinclair Broadcast Group (NASDAQ:SBGI) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 17,640,645 shares, a growth of 6.2% from the July 31st total of 16,613,187 shares, reports. Approximately 26.5% of the company’s stock are short sold. Based on an average daily volume of 1,571,878 shares, the days-to-cover ratio is currently 11.2 days.

Sinclair Broadcast Group (NASDAQ:SBGI) opened at 29.051 on Tuesday. Sinclair Broadcast Group has a 52-week low of $23.93 and a 52-week high of $37.50. The stock’s 50-day moving average is $31.5 and its 200-day moving average is $29.78. The company has a market cap of $2.831 billion and a P/E ratio of 26.89.

Sinclair Broadcast Group (NASDAQ:SBGI) last released its earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.19 earnings per share. Sinclair Broadcast Group’s revenue was up 44.9% compared to the same quarter last year. Analysts expect that Sinclair Broadcast Group will post $1.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 2.27%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase 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.