How Have the Numbers Shaped Up for Sinclair Broadcast Group (NASDAQ:SBGI)

Earnings results for Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group, Inc. is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $5.55. The reported EPS for the same quarter last year was $0.94.

Analyst Opinion on Sinclair Broadcast Group (NASDAQ:SBGI)

6 Wall Street analysts have issued ratings and price targets for Sinclair Broadcast Group in the last 12 months. Their average twelve-month price target is $26.33, predicting that the stock has a possible downside of 20.32%. The high price target for SBGI is $35.00 and the low price target for SBGI is $17.00. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Sinclair Broadcast Group has received a consensus rating of Hold. The company’s average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $26.33, Sinclair Broadcast Group has a forecasted downside of 20.3% from its current price of $33.05. Sinclair Broadcast Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends. Sinclair Broadcast Group does not have a long track record of dividend growth. The dividend payout ratio of Sinclair Broadcast Group is 26.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sinclair Broadcast Group will have a dividend payout ratio of 63.49% next year. This indicates that Sinclair Broadcast Group will be able to sustain or increase its dividend.

Insiders buying/selling: Sinclair Broadcast Group (NASDAQ:SBGI)

In the past three months, Sinclair Broadcast Group insiders have bought 6,753.32% more of their company’s stock than they have sold. Specifically, they have bought $8,616,000.00 in company stock and sold $125,720.00 in company stock. Only 33.80% of the stock of Sinclair Broadcast Group is held by insiders. 59.00% of the stock of Sinclair Broadcast Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sinclair Broadcast Group (NASDAQ:SBGI

Earnings for Sinclair Broadcast Group are expected to decrease by -90.77% in the coming year, from $13.65 to $1.26 per share. The P/E ratio of Sinclair Broadcast Group is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Sinclair Broadcast Group is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Sinclair Broadcast Group has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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