News coverage about Sinclair Broadcast Group (NASDAQ:SBGI) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.332994511703 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Sinclair Broadcast Group Sees Unusually High Options Volume (SBGI) (americanbankingnews.com)
- FCC pauses its review of Sinclair purchase of Tribune Media (denverpost.com)
- Circa Is Moving Forward, Launches Video-Driven Live News App; Combining Resources With National News Desk, Boosting Local Breaking News Content (finance.yahoo.com)
- FCC Pauses Its Review of Sinclair’s Purchase of Tribune Media (finance.yahoo.com)
- U.S. FCC pauses review of Sinclair’s plan to buy Tribune Media Co (finance.yahoo.com)
Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Sinclair Broadcast Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Jefferies Group initiated coverage on shares of Sinclair Broadcast Group in a report on Thursday, December 14th. They set a “buy” rating and a $48.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and set a $48.00 target price on shares of Sinclair Broadcast Group in a report on Thursday, January 4th. Finally, B. Riley boosted their target price on shares of Sinclair Broadcast Group from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.42.
Sinclair Broadcast Group (NASDAQ:SBGI) last issued its earnings results on Wednesday, November 1st. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.13). Sinclair Broadcast Group had a return on equity of 23.27% and a net margin of 9.06%. The business had revenue of $670.90 million during the quarter, compared to analysts’ expectations of $671.42 million. During the same period last year, the firm posted $0.54 EPS. Sinclair Broadcast Group’s quarterly revenue was down 3.3% compared to the same quarter last year. sell-side analysts anticipate that Sinclair Broadcast Group will post 1.98 EPS for the current year.
About Sinclair Broadcast Group
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.
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.