$0.62 Earnings Per Share Expected for Sinclair Broadcast Group Inc (SBGI) This Quarter

Wall Street brokerages expect that Sinclair Broadcast Group Inc (NASDAQ:SBGI) will report earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sinclair Broadcast Group’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.56. Sinclair Broadcast Group reported earnings of $1.32 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 53%. The company is expected to report its next quarterly earnings results before the market opens on Wednesday, February 28th.

According to Zacks, analysts expect that Sinclair Broadcast Group will report full-year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.90 to $2.22. For the next financial year, analysts anticipate that the company will post earnings of $3.13 per share, with EPS estimates ranging from $2.85 to $3.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Sinclair Broadcast Group.

Several research firms recently commented on SBGI. Zacks Investment Research lowered Sinclair Broadcast Group from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Friday. Stephens set a $47.00 target price on Sinclair Broadcast Group and gave the company a “buy” rating in a research note on Tuesday, January 16th. BidaskClub lowered Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and set a $48.00 price target on shares of Sinclair Broadcast Group in a research note on Thursday, January 4th. Finally, ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.00.

Large investors have recently made changes to their positions in the business. FNY Managed Accounts LLC acquired a new stake in Sinclair Broadcast Group during the third quarter worth about $153,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sinclair Broadcast Group by 68.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,346 shares of the company’s stock worth $171,000 after buying an additional 2,176 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Sinclair Broadcast Group in the fourth quarter worth about $207,000. Virtu Financial LLC purchased a new stake in shares of Sinclair Broadcast Group in the fourth quarter worth about $219,000. Finally, Rational Advisors LLC purchased a new stake in shares of Sinclair Broadcast Group in the third quarter worth about $234,000. Institutional investors own 84.69% of the company’s stock.

Sinclair Broadcast Group (SBGI) traded up $0.30 during trading on Friday, reaching $34.95. The company had a trading volume of 2,143,909 shares, compared to its average volume of 1,480,000. The firm has a market capitalization of $3,590.00, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.89 and a beta of 1.80. Sinclair Broadcast Group has a 52-week low of $26.70 and a 52-week high of $43.05. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74.

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About Sinclair Broadcast Group

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.

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

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