Analysts expect Sinclair Broadcast Group Inc (NASDAQ:SBGI) to report sales of $734.67 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sinclair Broadcast Group’s earnings, with the highest sales estimate coming in at $745.22 million and the lowest estimate coming in at $728.00 million. Sinclair Broadcast Group reported sales of $797.69 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Sinclair Broadcast Group will report full year sales of $734.67 million for the current fiscal year, with estimates ranging from $2.73 billion to $2.76 billion. For the next financial year, analysts expect that the company will post sales of $3.06 billion per share, with estimates ranging from $3.02 billion to $3.10 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Sinclair Broadcast Group.
A number of research firms have recently issued reports on SBGI. Stephens set a $47.00 target price on shares of Sinclair Broadcast Group and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, January 30th. ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub upgraded shares of Sinclair Broadcast Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Finally, Jefferies Group began coverage on shares of Sinclair Broadcast Group in a research note on Thursday, December 14th. They issued a “buy” rating and a $48.00 target price for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.00.
Sinclair Broadcast Group (NASDAQ:SBGI) opened at $34.95 on Monday. Sinclair Broadcast Group has a one year low of $26.70 and a one year high of $43.05. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 3.51. The stock has a market cap of $3,560.00, a P/E ratio of 13.14, a PEG ratio of 1.91 and a beta of 1.80.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/sinclair-broadcast-group-inc-sbgi-expected-to-post-quarterly-sales-of-734-67-million-2.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sinclair Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinclair Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.