News headlines about Sinclair Broadcast Group (NASDAQ:SBGI) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0357027275425 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Sinclair Broadcast Group, Inc. (SBGI) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- FCC Said to Mull Revamping Ownership Rules Before Sinclair Deal (washpost.bloomberg.com)
- Sinclair Broadcast Group, Inc. breached its 50 day moving average in a Bearish Manner : SBGI-US : October 13, 2017 (finance.yahoo.com)
- FCC Weighs Revamping Ownership Rules Before Sinclair Deal (finance.yahoo.com)
- Sinclair Stations Honored with National Edward R. Murrow Awards (finance.yahoo.com)
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “outperform” rating and issued a $55.00 target price on shares of Sinclair Broadcast Group in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Benchmark Co. lifted their target price on shares of Sinclair Broadcast Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Sinclair Broadcast Group in a research note on Wednesday, July 5th. Eight research analysts have rated the stock with a buy rating, Sinclair Broadcast Group currently has an average rating of “Buy” and an average price target of $44.86.
Shares of Sinclair Broadcast Group (NASDAQ SBGI) opened at 30.30 on Tuesday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 10.62 and a beta of 1.83. The company has a 50 day moving average of $29.91 and a 200-day moving average of $33.59. Sinclair Broadcast Group has a one year low of $24.15 and a one year high of $43.05.
Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $679.30 million during the quarter, compared to the consensus estimate of $678.23 million. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, analysts expect that Sinclair Broadcast Group will post $2.01 EPS for the current year.
In other news, Director Howard E. Friedman sold 1,010 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $31.98, for a total transaction of $32,299.80. Following the completion of the sale, the director now directly owns 10,990 shares in the company, valued at $351,460.20. The transaction was disclosed in a filing with the SEC, which is available at this link. 28.20% of the stock is currently owned by company insiders.
Sinclair Broadcast Group Company Profile
Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.
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