Investment Potential for Sinclair Broadcast Group, Inc. (SBGI): A Closer Look

SMITH DAVID D, Executive Chairman, added 395,000 shares of Sinclair Broadcast Group, Inc. (SBGI) to its portfolio at the rate of $55.10 per share valuing $21,764,500 on Jul 10. The insider has now 6,006,072 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Sinclair Broadcast Group, Inc. (SBGI) was $50.19. Currently, the 1st Resistance Point for this stock is $51.37, with a 2nd Resistance Point sitting at $52.56. Meanwhile, this company’s stock has a 1st Support Level at $49.51 and a 2nd Support Level at $48.84. Sinclair Broadcast Group, Inc. (SBGI) stock has lost -$6.10, or -10.84%, in the past five days. In the last full month, these shares have lost -$4.11, or -7.57%. In the past three months, this stock’s price has risen by $4.80, or 10.58%. This year-to-date, Sinclair Broadcast Group, Inc. (SBGI) shares have gained $23.85, or 90.55%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Sinclair Broadcast Group, Inc. (SBGI) stock, 50% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100 – 200 Day MACD Oscillator % of long-term indicators suggest that this stock is a “.”

With 91,353 K shares outstanding, this company currently has a market capitalization of $4,590,488K. Sinclair Broadcast Group, Inc. (SBGI) generates $3,055 M in annual sales, amounting to annual net income of $341,240 K. This stock has generated a 1-Year Total Return of 97.60%, a 3-Year Total Return of 70.71%, and a 5-year Total Return of 55.48%. This stock’s 5-Year Dividend Growth is 23.33%, with its most recent dividend valued at $0.200 per share on 05/30/19. Its Annual Dividend Yield is 1.59%, and its Annual Dividend Rate is 0.80.

In the most recently-reported fiscal quarter, which ended in Mar-19, Sinclair Broadcast Group, Inc. (SBGI) reported earnings of $0.23 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.31 per share, representing a -0.08 difference and 26.21% surprise. In the previous quarter ending in Dec-18, the reported earnings of $2.10 represented a 0.1 difference from the consensus estimate calling for $2.00 per share, which was a 4.83% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.66 per share. This estimate came from a total of 2 Wall Street Analysts. Of those market experts, the high estimate was $0.74 and the low estimate was $0.58. In the year-ago quarter, Sinclair Broadcast Group, Inc. (SBGI) generated per-share earnings of $0.27. If the analysts are correct about the current quarter’s earnings, the growth will be +144.44%.

Turning our focus now to insider trading activity, there have been 12 purchases (2,003,968 shares in total) and 16 sale (1,333,052 shares in total) in the last 3 months. In the last 6 months, there have been 23 insider buys amounting to 2,363,748 shares and 39 insider sales amounting to 1,702,199 shares. In the past full year, 23 insider purchases were made (involving 2,363,748 shares) and 51 insider sell-offs equivalent to 1,759,262 shares.

Moving onto liquidity, Sinclair Broadcast Group, Inc. (SBGI) has a Current Ratio of 3.00, a Quick Ratio of 3.00 and a Cash Ratio of 1.85. Looking at this company’s capital structure, its Total Debt to Total Equity is 237.51, its Total Debt to Total Capital is 70.37, and its Total Debt to Total Assets is now 58.37. Looking even further ahead into the future, its Long-Term Debt to Equity is 234.92 and its Long-Term Debt to Total Capital is 69.60.