Analysts See $0.40 EPS for Sinclair Broadcast Group Inc (SBGI)

October 13, 2017 - By Richard Conner

 Analysts See $0.40 EPS for Sinclair Broadcast Group Inc (SBGI)
Investors sentiment increased to 1.58 in Q2 2017. Its up 0.43, from 1.15 in 2017Q1. It increased, 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.
American Century Companies has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Legal And General Group Incorporated Public Ltd Com, a United Kingdom-based fund reported 29,323 shares. Morgan Stanley owns 112,619 shares. Mason Cap Management Limited Liability Com, a New York-based fund reported 603,840 shares. Beach Point Cap Management Ltd Partnership has invested 7.74% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Mufg Americas Holding reported 365 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,170 shares in its portfolio. Renaissance Techs Limited Liability Com holds 0.06% in Sinclair Broadcast Group Inc (NASDAQ:SBGI) or 1.52 million shares. The Minnesota-based Ameriprise has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). 25,555 are held by Ngam Advsrs Limited Partnership. Moreover, Canada Pension Plan Board has 0.01% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Orrstown Fincl Incorporated owns 500 shares. 482,364 are owned by Federated Invsts Inc Pa. Aqr Management Ltd Liability Corp owns 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 21,492 shares. 40,674 were accumulated by Capital Fund Mngmt Sa.

Since May 5, 2017, it had 1 insider purchase, and 1 sale for $92,291 activity. SMITH DAVID D bought 4,400 shares worth $161,799. $69,508 worth of stock was sold by MCCANNA LAWRENCE E on Wednesday, June 14.

Investors wait Sinclair Broadcast Group Inc (NASDAQ:SBGI) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.40 earnings per share, down $0.30 or 42.86 % from last year’s $0.7 same quarter earnings. This translates into $40.72 million profit for SBGI giving the stock a 19.09 P/E. This is assuming the current $0.40 EPS is accurate. Sinclair Broadcast Group Inc’s Wall Street analysts see -6.98 % negative EPS growth, taking into account the $0.43 EPS reproted in the previous quarter, 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 rating was maintained by Stephens on Friday, June 2 with “Buy”. Stephens upgraded the shares of SBGI in report on Thursday, November 3 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, September 26 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. RBC Capital Markets maintained the shares of SBGI in report on Tuesday, November 10 with “Outperform” rating. The firm earned “Buy” rating on Thursday, August 3 by RBC Capital Markets. The rating was maintained by Benchmark with “Buy” on Thursday, November 5. The firm earned “Outperform” rating on Tuesday, September 27 by Wedbush. RBC Capital Markets maintained Sinclair Broadcast Group Inc (NASDAQ:SBGI) on Thursday, February 23 with “Outperform” rating. As per Thursday, February 23, the company rating was maintained by Wedbush.

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 Baltimoresun.com published article titled: “FCC requests additional information on Sinclair Broadcast deal to acquire …”, Benzinga.com published: “Benzinga’s Option Alert Recap From October 2” on October 02, 2017. More interesting news about Sinclair Broadcast Group Inc (NASDAQ:SBGI) was released by: Nasdaq.com and their article: “Zacks.com featured highlights include Sinclair Broadcast Group, Unum Group …” with publication date: October 09, 2017.

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