Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) – Stock analysts at FBR & Co issued their Q3 2017 earnings per share estimates for Sinclair Broadcast Group in a research report issued to clients and investors on Monday. FBR & Co analyst B. Crockett anticipates that the company will earn $0.34 per share for the quarter. FBR & Co has a “Buy” rating and a $43.00 price target on the stock. FBR & Co also issued estimates for Sinclair Broadcast Group’s Q4 2017 earnings at $0.56 EPS, FY2018 earnings at $2.93 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.98 EPS.

Several other research analysts have also weighed in on the stock. Deutsche Bank AG assumed coverage on shares of Sinclair Broadcast Group in a research report on Friday, October 20th. They set a “buy” rating and a $46.00 target price on the stock. Zacks Investment Research upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company restated an “outperform” rating and set a $55.00 target price on shares of Sinclair Broadcast Group in a research report on Monday, October 2nd. Finally, Benchmark Co. upped their target price on shares of Sinclair Broadcast Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Ten analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $44.78.

TRADEMARK VIOLATION WARNING: “Analysts Set Expectations for Sinclair Broadcast Group, Inc.’s Q3 2017 Earnings (SBGI)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/analysts-set-expectations-for-sinclair-broadcast-group-inc-s-q3-2017-earnings-sbgi.html. Sinclair Broadcast Group (NASDAQ:SBGI) last released its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The business had revenue of $679.30 million for the quarter, compared to analyst estimates of $678.23 million. During the same period last year, the company posted $0.52 EPS. The business’s revenue was up 2.1% on a year-over-year basis.

In other Sinclair Broadcast Group news, Director Howard E. Friedman sold 1,010 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.98, for a total value of $32,299.80. Following the sale, the director now owns 10,990 shares of the company’s stock, valued at $351,460.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sinclair Broadcast Group by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,170 shares of the company’s stock valued at $104,000 after purchasing an additional 273 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 valued at $131,000 after purchasing an additional 278 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sinclair Broadcast Group in the second quarter valued at about $141,000. Teacher Retirement System of Texas lifted its holdings 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 valued at $202,000 after purchasing an additional 164 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Sinclair Broadcast Group in the first quarter valued at about $235,000. 81.27% of the stock is currently owned by 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)

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