Analysts showing optimistic trends for: Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)
- Author: Carolyn Briggs Mar 18, 2017,
Mar 18, 2017, 10:50
02/23/2017 - Sinclair Broadcast Group, Inc. had its "outperform" rating reiterated by analysts at Wedbush. The difference between Actual EPS and Estimated EPS was -0.04 Percent.
Sinclair Broadcast Group (NASDAQ:SBGI) last issued its earnings results on Wednesday, February 22nd.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.
In the trailing 12 months period, return on assets ratio of the Company was 4.20% and return on equity ratio was 44.20% while its return on investment ratio was 9.30%. The company had revenue of $797.70 million for the quarter, compared to analysts' expectations of $805.49 million. The current share price indicate that stock is -20.54% away from its one year high and is moving 21.35% ahead of its 52-week low. The firm's quarterly revenue was up 30.4% on a year-over-year basis.
IRVING, TEXAS and BALTIMORE-Nexstar and Sinclair, which together run 343 television stations reaching 60 percent of the country, are joining forces to launch ATSC 3.0, the so-called "Next-Gen" broadcast transmission standard now in its later stages of completion. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/03/14/analysts-offer-predictions-for-sinclair-broadcast-group-incs-fy2017-earnings-sbgi.html. Finally, TheStreet upgraded Sinclair Broadcast Group from a "hold" rating to a "buy" rating in a research report on Thursday, December 29th. Zacks Investment Research raised shares of Sinclair Broadcast Group from a "sell" rating to a "hold" rating in a report on Friday, February 24th. The highest analyst price target is $47.00, which implies a rally of 86 percent.
11/05/2015 - Sinclair Broadcast Group, Inc. had its "buy" rating reiterated by analysts at Benchmark. They now have a United States dollars 42 price target on the stock. Stock has got OUTPERFORM rating from no analyst of Thomson Reuters, 14 analysts given HOLD rating to the stock.
Shares of Sinclair Broadcast Group (NASDAQ:SBGI) opened at 41.15 on Monday. Sinclair Broadcast Group has a 52-week low of $24.15 and a 52-week high of $43.05.
The stock's 50 day moving average is 37.77 and its 200 day moving average is 31.88.
A number of institutional investors have recently added to or reduced their stakes in SBGI.
In the last trading session, The Company traded 11.83 Million shares.
For the Current Quarter, the growth estimate for Sinclair Broadcast Group, Inc.is 28%, while for the Next Quarter the stock growth estimate is 21.2%. (SBGI) has the market capitalization of $3.8 Billion. Finally, Brinker Capital Inc. bought a new position in Sinclair Broadcast Group during the third quarter valued at $265,000. The short ratio in the company's stock is documented at 4.34 and the short float is around of 8.79%. Evercore Partners Maintains Sinclair Broadcast Group, Inc. Public Employees Retirement System of OH now owns 59,732 shares of the company's stock worth $1,784,000 after buying an additional 366 shares during the period. This is a positive change from Sinclair Broadcast Group's previous quarterly dividend of $0.17. The company has Beta Value of 1.98 and ATR value of 1.34. Also, CFO Lucy Rutishauser sold 2,437 shares of Sinclair Broadcast Group stock in a transaction on Thursday, March 2nd. The average true range of the stock is observed at 1.34 and the relative strength index of the stock is recorded at 59.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The price to earnings growth is 7.85 and the price to sales ratio is 17. The disclosure for this sale can be found here.
In related news, insider David R. Bochenek sold 5,000 shares of Sinclair Broadcast Group stock in a transaction on Thursday, March 2nd. Institutional investors own 71.96% of the company's stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.72 annualized dividend and a yield of 1.75%.