In last trading session, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) saw 3,620,104 shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $26.06 trading at $1.46 or 5.93% at ring of the bell on the day assigns it a market valuation of $1.93 Billion. That closing price of SBGI’s stock is at a discount of -41.44% from its 52-week high price of $36.86 and is indicating a premium of 59.4% from its 52-week low price of $10.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.17 Million shares which gives us an average trading volume of 1.1 Million if we extend that period to 3-months.
For Sinclair Broadcast Group, Inc. (SBGI), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.9. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $4.4 in the current quarter.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) trade information
Upright in the green today for gaining 5.93%, in the last five days SBGI remained trading in the green while hitting it’s week-highest on Thursday, Nov 19 when the stock touched $29.39- price level, adding 11.33% to its value on the day. Sinclair Broadcast Group, Inc.’s shares saw a change of -21.84% in year-to-date performance and have moved 21.15% in past 5-day. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) showed a performance of 46.08% in past 30-days. Number of shares sold short was 9.32 Million shares which calculate 8.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.29 to the stock, which implies targetted prices is already lagging behind -22.14% to its current value. Analysts have been projecting $16 as a low price target for the stock while placing it at a high target of $28. It follows that stock’s current price would jump +7.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -38.6% for stock’s current value.
Sinclair Broadcast Group, Inc. (SBGI) estimates and forecasts
Statistics highlight that Sinclair Broadcast Group, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +44.86% of value to its shares in past 6 months, showing an annual growth rate of 2014% while that of industry is 2.8. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 836.2% in the current quarter and calculating -210.4% decline in the next quarter. This year revenue growth is estimated to rise 39.9% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.51 Billion for the same. And 2 analysts are in estimates of company making revenue of $1.52 Billion in the next quarter that will end in March 01, 2021. Company posted $1.62 Billion and $1.61 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -6.8% while estimating it to be -5.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -84.8% while estimates for its earnings growth in next 5 years are of 1.6%
Sinclair Broadcast Group, Inc. is more likely to be releasing its next quarterly report between November 04 and November 04, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.21%, the share has a forward dividend of 0.8 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.47%.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)’s Major holders
Insiders are in possession of 7.82% of company’s total shares while institution are holding 94.63% percent of that, with stock having share float percentage of 102.66%. Investors also watch the number of corporate investors in a company very closely, which is 253 institutions for Sinclair Broadcast Group, Inc. that are currently holding shares of the company. HG Vora Capital Management, LLC is the top institutional holder at SBGI for having 4.95 Million shares of worth $95.19 Million. And as of September 29, 2020, it was holding 10.05% of the company’s outstanding shares.
The second largest institutional holder is Conifer Management, L.L.C., which was holding about 4.15 Million shares on September 29, 2020. The number of shares represents firm’s hold over 8.44% of outstanding shares, having a total worth of $79.9 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 1523051 shares of worth $28.12 Million or 3.09% of the total outstanding shares. The later fund manager was in possession of 1.32 Million shares on June 29, 2020, making its stake of worth around $24.35 Million in the company or a holder of 2.68% of company’s stock.