Sinclair Broadcast Group (NASDAQ:SBGI) – Analysts at Gabelli cut their FY2018 EPS estimates for Sinclair Broadcast Group in a note issued to investors on Wednesday, April 25th. Gabelli analyst B. Lucas now anticipates that the company will earn $2.98 per share for the year, down from their prior estimate of $3.24. Gabelli also issued estimates for Sinclair Broadcast Group’s FY2022 earnings at $3.44 EPS.

SBGI has been the topic of a number of other reports. BidaskClub upgraded shares of Sinclair Broadcast Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 27th. Stephens set a $47.00 target price on shares of Sinclair Broadcast Group and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Friday, February 9th. Royal Bank of Canada restated a “buy” rating and issued a $48.00 target price on shares of Sinclair Broadcast Group in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Sinclair Broadcast Group currently has an average rating of “Buy” and a consensus price target of $46.64.

Sinclair Broadcast Group stock opened at $28.20 on Thursday. Sinclair Broadcast Group has a twelve month low of $26.70 and a twelve month high of $41.15. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market capitalization of $3,037.21, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64.

Sinclair Broadcast Group (NASDAQ:SBGI) last posted its earnings results on Wednesday, February 28th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $1.07. Sinclair Broadcast Group had a net margin of 21.07% and a return on equity of 22.76%. The firm had revenue of $734.00 million for the quarter, compared to the consensus estimate of $733.41 million. During the same period in the previous year, the firm posted $1.32 EPS. The business’s quarterly revenue was down 8.0% on a year-over-year basis.

A number of large investors have recently modified their holdings of SBGI. Advisor Group Inc. grew its holdings in Sinclair Broadcast Group by 102.2% during the 4th quarter. Advisor Group Inc. now owns 3,251 shares of the company’s stock valued at $124,000 after purchasing an additional 1,643 shares during the last quarter. Parametrica Management Ltd bought a new position in Sinclair Broadcast Group during the 4th quarter valued at about $207,000. Virtu Financial LLC bought a new position in Sinclair Broadcast Group during the 4th quarter valued at about $219,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sinclair Broadcast Group by 28.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,843 shares of the company’s stock valued at $259,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in Sinclair Broadcast Group during the 4th quarter valued at about $275,000. Institutional investors own 87.22% of the company’s stock.

About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations.

Earnings History and Estimates for Sinclair Broadcast Group (NASDAQ:SBGI)

Receive News & Ratings for Sinclair Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinclair Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.