Stock on Focus: Sinclair Broadcast Group, Inc. (SBGI)

Company Profile:

Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through various local television stations. As of February 22, 2017, it owns, operates, and/or provides services to 173 television stations in 81 markets, which broadcast 505 channels. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

Recent News:

The company said its planned $3.9 billion deal to buy Tribune Media Co. remains on track and put to rest speculation that it plans to hire former Fox News host Bill O’Reilly.

The company reported that its income dropped 40 percent to $30.6 million in the July-to-September period, from $50.8 million in the third quarter of 2016. Per share earnings fell to 30 cents in the quarter, from 54 cents a year earlier.

On Oct. 11, 2017, the compnay announced that Guyanne Taylor has been named General Manager of KVII (ABC) and simulcast station KVIH (ABC) in Amarillo, Texas. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair’s television group.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

SBGI’s strengths can be seen in its strong growth and robust profitability compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator, RSI (14) stands at 57.83 with positive bias. We rate Sinclair Broadcast Group, Inc. (SBGI) a STRONG BUY.

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