News Alert for Traders: Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group (NASDAQ:SBGI) changed -3.15% to recent value of $51.32. The stock transacted 1140512 shares during most recent day however it has an average volume of 1427.62K shares. It spotted trading -22.91% off 52-week high price. On the other end, the stock has been noted 104.26% away from the low price over the last 52-weeks.

Sinclair Broadcast Group (NASDAQ:SBGI) reported that its shareholders elected the nominated nine Directors at the Company’s Annual Shareholders’ Meeting held recently.  The elected Directors are Mr. David D. Smith, Executive Chairman, Chairman of the Board of the Company; Mr. Frederick G. Smith, Director and Vice President of the Company; Mr. J. Duncan Smith, Director, Vice President and Secretary of the Company; Mr. Robert E. Smith, Director; Mr. Lawrence E. McCanna, Director; Mr. Daniel C. Keith, Director; Mr. Martin R. Leader, Director; Mr. Howard E. Friedman, Director; and Hon. Benson E. Legg, Director.

The shareholders also ratified the appointment of PricewaterhouseCoopers, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019.  The shareholders did not ratify two shareholder proposals requesting the adoption of a policy on board diversity and the adoption of a majority vote standard for uncontested board elections.  The Board had unanimously recommended a vote against each of the shareholder proposals.  A tabulation of the votes on these matters will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

SBGI has a gross margin of 60.70% and an operating margin of 20.80% while its profit margin remained 10.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 9.90% for this year while earning per share for the next 5-years is expected to reach at 1.60%.

The company has 90.15M of outstanding shares and 62.73M shares were floated in the market. According to the most recent quarter its current ratio was 3.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.34% from the mean of 20 days, 4.07% from mean of 50 days SMA and performed 45.53% from mean of 200 days price. Company’s performance for the week was -4.40%, -15.77% for month and YTD performance remained 94.84%.

 

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