Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) – Equities researchers at Gabelli issued their FY2017 earnings per share (EPS) estimates for Sinclair Broadcast Group in a note issued to investors on Thursday. Gabelli analyst B. Lucas anticipates that the company will earn $2.04 per share for the year. Gabelli also issued estimates for Sinclair Broadcast Group’s FY2018 earnings at $3.19 EPS, FY2019 earnings at $2.00 EPS, FY2020 earnings at $3.69 EPS and FY2021 earnings at $1.81 EPS.

Sinclair Broadcast Group (NASDAQ:SBGI) last issued its earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. The business had revenue of $679.30 million for the quarter, compared to analyst estimates of $678.23 million. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 36.67%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/07/brokers-offer-predictions-for-sinclair-broadcast-group-inc-s-fy2017-earnings-nasdaqsbgi.html.

Other equities research analysts also recently issued reports about the stock. Benchmark Co. upped their target price on shares of Sinclair Broadcast Group from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Sinclair Broadcast Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. ValuEngine raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Sinclair Broadcast Group in a research note on Wednesday, July 5th. Finally, Stephens set a $46.00 target price on shares of Sinclair Broadcast Group and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Eight investment analysts have rated the stock with a buy rating, Sinclair Broadcast Group presently has an average rating of “Buy” and a consensus price target of $43.50.

Sinclair Broadcast Group (SBGI) opened at 31.40 on Monday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 11.01 and a beta of 1.79. Sinclair Broadcast Group has a 12 month low of $24.15 and a 12 month high of $43.05. The stock’s 50 day moving average is $34.10 and its 200-day moving average is $36.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, August 30th. Sinclair Broadcast Group’s payout ratio is currently 24.83%.

In related news, Director Lawrence E. Mccanna sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $34.75, for a total transaction of $69,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.20% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in SBGI. Alps Advisors Inc. increased its stake in shares of Sinclair Broadcast Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,636 shares of the company’s stock valued at $383,000 after buying an additional 30 shares during the last quarter. Kissinger Financial Services LLC increased its stake in shares of Sinclair Broadcast Group by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 8,742 shares of the company’s stock worth $287,000 after buying an additional 45 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Sinclair Broadcast Group by 2.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,575 shares of the company’s stock worth $104,000 after buying an additional 60 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Sinclair Broadcast Group by 2.7% in the second quarter. Teacher Retirement System of Texas now owns 6,141 shares of the company’s stock worth $202,000 after buying an additional 164 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sinclair Broadcast Group by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,230 shares of the company’s stock worth $131,000 after buying an additional 278 shares in the last quarter. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

Sinclair Broadcast Group Company Profile

Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.

Earnings History and Estimates for Sinclair Broadcast Group (NASDAQ:SBGI)

Receive News & Ratings for Sinclair Broadcast Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinclair Broadcast Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.