The consensus among analysts is that Sinclair Broadcast Group, Inc. (SBGI) is an Overweight stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $4.77.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) trade information
Sporting 5.48% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the SBGI stock price touched $20.27- or saw a rise of 12.58%. Year-to-date, Sinclair Broadcast Group, Inc. shares have moved -46.85%, while the 5-day performance has seen it change -9.08%. Over the past 30 days, the shares of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) have changed -5.19%. Short interest in the company has seen 7.13 Million shares shorted with days to cover at 3.9.
Sinclair Broadcast Group, Inc. (SBGI) estimates and forecasts
Figures show that Sinclair Broadcast Group, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -47.37% over the past 6 months, with this year growth rate of 228%, compared to -8.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 960% and 295.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +47.8%.
5 analysts offering their estimates for the company have set an average revenue estimate of $1.41 Billion for the current quarter. 6 have an estimated revenue figure of $1.58 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $766.94 Million and $1.12 Billion respectively for this quarter and the next, and analysts expect sales will grow by 83.5% for the current quarter and 40.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.3% over the past 5 years. Earnings growth for 2020 is a modest -84.8% while over the next 5 years, the company’s earnings are expected to increase by 1.6%.
Sinclair Broadcast Group, Inc. is expected to release its next earnings report between August 05 and August 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.8 at a share yield of 4.51%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.33%.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)’s Major holders
Insiders own 5.81% of the company shares, while shares held by institutions stand at 92.79% with a share float percentage of 98.51%. Investors are also buoyed by the number of investors in a company, with Sinclair Broadcast Group, Inc. having a total of 322 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 6.2 Million shares worth more than $99.74 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 11.2% of shares outstanding.
The other major institutional holder is Conifer Management, L.L.C., with the holding of over 4.15 Million shares as of March 30, 2020. The firm’s total holdings are worth over $66.81 Million and represent 7.5% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 3.36% shares in the company for having 1860527 shares of worth $29.92 Million while later fund manager owns 1.64 Million shares of worth $26.44 Million as of March 30, 2020, which makes it owner of about 2.97% of company’s outstanding stock.