Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), Energy Transfer Partners, LP (NYSE:ETP)
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 6:58
The television broadcasting company posted revenue of $797.7 million in the period, which also missed Street forecasts. Hunt Valley based Sinclair Broadcast Group, Inc. Its sales stood at 23.70% a year on average in the period of last five years. During the same period in the previous year, the firm earned $0.61 earnings per share. Wedbush lowered their price objective on Sinclair Broadcast Group from $37.00 to $36.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 27th.
Sinclair Broadcast Group, Inc. has a 52-week low of $24.15 and a 52-week high of $34.85.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. The analyst recommendations from a month ago are 0 Buy, 4 Strong Buy, 0 Sell, 0 Hold and 1. (SBGI) reported Q2 earnings of $0.52, matching consensus estimates of $0.52. If you are viewing this piece on another domain, it was stolen and republished in violation of United States and worldwide copyright and trademark laws. (NASDAQ:SBGI) for the current quarter.
Several equities analysts have weighed in on SBGI shares. California Public Employees Retirement System raised its stake in Sinclair Broadcast Group by 7.4% in the fourth quarter. The share price is now 11.62 percent versus its SMA20, 14.79 percent versus its SMA50, and 27.64 percent versus its SMA200. Stephens upgraded Sinclair Broadcast Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, November 3rd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. BancorpSouth Inc boosted its stake in Sinclair Broadcast Group by 1.5% in the third quarter. The stock tumbled -4.1 percent over the last 6 months. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The mean PT for this stock is at $29.17 while the max. level suggested by the brokerage firms is $32.00 and min. PT is $26.00.
Hedge funds have recently added to or reduced their stakes in the stock. If they do continue, the current estimated yields on annualized basis would be 1.18% for Group 1 Automotive, Inc., 1.80% for Sinclair Broadcast Group, Inc., and 2.93% for Interpublic Group of Companies Inc. BancorpSouth Inc now owns 6,932 shares of the company's stock valued at $200,000 after buying an additional 100 shares during the period. The companys revenue was up 30.4% compared to the same quarter previous year. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Sinclair Broadcast Group by 1.4% in the third quarter. It closed the session at $25.5 with a volume of 2095500 shares.
Sinclair Broadcast Group, Inc is a television broadcasting company. (Symbol: SBGI), and Interpublic Group of Companies Inc.
In February 2017, the Company extended its programming agreement with MyNetworkTV through the 2017-2018 broadcast season. The Broadcast segment consists of all of its television stations.