EPS for Sinclair Broadcast Group Inc (SBGI) Expected At $0.40

October 13, 2017 - By Dolores Ford

 EPS for Sinclair Broadcast Group Inc (SBGI) Expected At $0.40
Investors sentiment increased to 1.58 in 2017 Q2. Its up 0.43, from 1.15 in 2017Q1. It improved, as 38 investors sold Sinclair Broadcast Group Inc shares while 50 reduced holdings. 57 funds opened positions while 82 raised stakes. 80.08 million shares or 13.52% more from 70.54 million shares in 2017Q1 were reported.
Moreover, Susquehanna Int Grp Inc Llp has 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 44,828 shares. 32,610 are held by Northern Mgmt Lc. Robertson Opportunity Cap Lc invested 1.69% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). 18,727 are owned by Grt Capital Limited Liability. The California-based Rbf Lc has invested 0.04% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Citigroup, New York-based fund reported 13,949 shares. Adams Diversified Equity Fund has 23,800 shares for 0.04% of their portfolio. 57,665 are owned by Colony Grp Inc Ltd Company. Eagle Asset Mgmt reported 260,373 shares. Pax Ww Mgmt Ltd holds 449,022 shares. State Of New Jersey Common Pension Fund D reported 115,000 shares. Moreover, Employees Retirement Systems Of Ohio has 0.02% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Cap Fund Mngmt reported 0.01% stake. Federated Investors Incorporated Pa holds 482,364 shares or 0.05% of its portfolio. Paradigm Asset Mngmt Company Ltd Liability accumulated 700 shares or 0% of the stock.

Since May 5, 2017, it had 1 insider buy, and 1 sale for $92,291 activity. SMITH DAVID D bought $161,799 worth of stock or 4,400 shares.

Wall Street await Sinclair Broadcast Group Inc (NASDAQ:SBGI) to release earnings on November, 1. Analysts forecast EPS of $0.40, down exactly $0.30 or 42.86 % from 2014’s $0.7 EPS. The expected SBGI’s profit could reach $40.72 million giving the stock 19.09 P/E in the case that $0.40 earnings per share is reported. After posting $0.43 EPS for the previous quarter, Sinclair Broadcast Group Inc’s analysts now forecast -6.98 % negative EPS growth. The stock increased 3.04% or $0.9 during the last trading session, reaching $30.55. About 3.39 million shares traded or 105.45% up from the average. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has risen 12.28% since October 14, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) Ratings Coverage

Among 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 16 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) earned “Buy” rating by RBC Capital Markets on Thursday, August 3. The firm has “Overweight” rating given on Thursday, November 3 by Stephens. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 23. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Outperform” rating given on Tuesday, September 27 by Wedbush. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) earned “Buy” rating by RBC Capital Markets on Wednesday, July 5. The firm has “Outperform” rating by Wedbush given on Friday, January 29. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 10. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 26 report. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Buy” rating given on Tuesday, August 1 by Benchmark. The firm earned “Equal-Weight” rating on Wednesday, November 18 by Stephens.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has market cap of $3.11 billion. The Firm focuses on providing content on its local television stations and digital platforms. It has a 10.53 P/E ratio. The Company’s divisions are broadcast, other and corporate.

More important recent Sinclair Broadcast Group Inc (NASDAQ:SBGI) news were published by: Baltimoresun.com which released: “Sinclair defends takeover of Tribune Media in FCC response” on October 06, 2017, also Nasdaq.com published article titled: “Zacks.com featured highlights include Sinclair Broadcast Group, Unum Group …”, Baltimoresun.com published: “FCC requests additional information on Sinclair Broadcast deal to acquire …” on September 19, 2017. More interesting news about Sinclair Broadcast Group Inc (NASDAQ:SBGI) was released by: Benzinga.com and their article: “Benzinga’s Option Alert Recap From October 2” with publication date: October 02, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.