With 0.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.29 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $16.69 whereas the lowest price it dropped to was $16.065. The 52-week range on SBGI shows that it touched its highest point at $18.45 and its lowest point at $11.13 during that stretch. It currently has a 1-year price target of $18.83. With its current market cap of 1.10 billion, SBGI has annualized dividend of $1.00 while the current yield stands at 6.04%. Beta for the stock currently stands at 1.54.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBGI was up-trending over the past week, with a rise of 2.54%, but this was down by -8.46% over a month. Three-month performance surged to 1.78% while six-month performance rose 17.96%. The stock gained 18.81% in the past year, while it has gained 2.54% so far this year. A look at the trailing 12-month EPS for SBGI yields -3.34 with Next year EPS estimates of -0.09. For the next quarter, that number is 1.98. This implies an EPS growth rate of 189.26% for this year and -102.22% for next year.
Float and Shares Shorts:
At present, 42.58 million SBGI shares are outstanding with a float of 38.33 million shares on hand for trading. On 2024-12-13, short shares totaled 2.28 million, which was 343.0 higher than short shares on 1731628800. In addition to Mr. David D. Smith as the firm’s Executive Chairman of the Board, Mr. Christopher S. Ripley serves as its President & CEO.
Institutional Ownership:
Through their ownership of 0.65746003 of SBGI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SBGI reported revenue of $917000000.0 and operating income of $166000000.0. The EBITDA in the recently reported quarter was $253000000.0 and diluted EPS was $1.43.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBGI since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBGI analysts setting a high price target of 30.0 and a low target of 13.0, the average target price over the next 12 months is 18.14286. Based on these targets, SBGI could surge 81.27% to reach the target high and fall by -21.45% to reach the target low. Reaching the average price target will result in a growth of 9.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.07174 being high and $3.76798 being low. For SBGI, this leads to a yearly average estimate of $3.98116.
