Sinclair Broadcast Group, Inc. (SBGI)
| Market Cap | 827.60M |
| Revenue (ttm) | 3.27B |
| Net Income (ttm) | 105.00M |
| Shares Out | 63.51M |
| EPS (ttm) | 1.47 |
| PE Ratio | 8.86 |
| Forward PE | 11.60 |
| Dividend | $1.00 (7.68%) |
| Ex-Dividend Date | Nov 30, 2023 |
| Volume | 310,430 |
| Open | 13.23 |
| Previous Close | 13.34 |
| Day's Range | 12.85 - 13.30 |
| 52-Week Range | 9.39 - 22.41 |
| Beta | 1.48 |
| Analysts | Buy |
| Price Target | 19.07 (+46.36%) |
| Earnings Date | Feb 21, 2024 |
About SBGI
Sinclair, Inc., a media company, focuses on providing content on local television stations and digital platforms. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, other original programming, and college sports. It also owns digital media products that are complementary to its portfolio of television station related digital properties, as well as interests in, owns, manages, and/or operates technical and software ser... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for SBGI stock is "Buy." The 12-month stock price forecast is $19.07, which is an increase of 46.36% from the latest price.
News
Early Warning Press Release - Murray Sinclair Purchases Shares in Carrie Arran Resources Inc.
This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Rep...
Sinclair Broadcast Group Names General Managers in Pennsylvania
HARRISBURG, Pa. & JOHNSTOWN, Pa.--(BUSINESS WIRE)--Sinclair Broadcast Group today announced two General Managers in Pennsylvania. Jason Wildenstein has been named Vice President and General Manager of...
Sinclair Broadcasting wants to scoop up bankrupt RSN giant Diamond Sports: sources
Sinclair Broadcasting Group wants to pay pennies on the dollar to regain control of a nationwide chain of regional sports networks — which it had paid $10.6 billion to acquire four years ago only to s...
Sinclair Declares $0.25 Per Share Quarterly Cash Dividend
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common st...
Sinclair Reports Third Quarter 2023 Financial Results
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2023. Third Quarter Highlight...
Sinclair Broadcast Group, CAST.ERA and Korea Radio Promotion Association (RAPA) Announce ATSC 3.0 Services and Global DDaaS Agreement
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group today announced a strategic memorandum of understanding (MOU) with Korea Radio Promotion Association (RAPA) and CAST.ERA, a joint venture be...
PARAMOUNT GLOBAL AND SINCLAIR, INC. ANNOUNCE CBS TELEVISION NETWORK AFFILIATION AGREEMENTS
Multi-Year Deals Span 23 CBS Affiliates Serving Over Ten Million Television Households and Includes Several Early Renewals NEW YORK and BALTIMORE , Oct. 27, 2023 /PRNewswire/ -- Paramount (NASDAQ: PAR...
Warframe Creator Digital Extremes Appoints Studio Veteran Steve Sinclair as Company CEO
LONDON, Ontario--(BUSINESS WIRE)--James Schmalz, founder of Digital Extremes, today announced his intention to step down as CEO of the company. Chief Creative Officer and 24-year studio veteran Steve ...
Sinclair, Inc. Partners with Magen David Adom for Fundraising Initiative in Support of Humanitarian Services
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. today announced the company has launched Sinclair Cares: Humanitarian Relief in Israel, a fundraising partnership in conjunction with Magen David Adom (MDA),...
Sinclair, Inc. and ONE Media Technologies to Participate in NAB Show in New York October 24-26
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. and its subsidiary, ONE Media Technologies, will be participating in the 2023 National Association of Broadcasters (NAB) Show next week in New York. M...
Sinclair to Report Third Quarter 2023 Results on November 1, 2023 at 4:00 p.m. (Eastern Time)
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) will report its third quarter 2023 earnings results at 4:00 p.m. ET on Wednesday, November 1, 2023, followed by a conference call to discuss t...
Sinclair Broadcast Group to Launch “The Nest” New Broadcast Television Network
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group today announced the launch of The Nest, a new, free over-the-air national broadcast TV network. The Nest has assembled a line-up that will d...
Sinclair Broadcast Group's News Academy Returns in November with Three Virtual Sessions For Students Exploring Careers in Reporting, Producing and Weather
BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group today announced the return of Sinclair's News Reporter and Producer Academies, a series of interactive, virtual workshops for college students...
Sinclair to Present at the Deutsche Bank 31st Annual Leveraged Finance Conference
BALTIMORE--(BUSINESS WIRE)--Sinclair Inc. (Nasdaq: SBGI) announced today that its CEO and President, Chris Ripley and CFO Lucy Rutishauser, are scheduled to present at the Deutsche Bank 31st Annual Le...
Sinclair's WOAI News 4 San Antonio to Host “Crisis in the Classroom: Texas School Choice” Panel Discussion Thursday, September 28 at 8pm CT
SAN ANTONIO--(BUSINESS WIRE)--“Crisis in the Classroom,” Sinclair Broadcast Group's national education franchise, today announced it will host a panel discussion, “Crisis in the Classroom: Texas Schoo...
Leaders with the Columbus Metropolitan Housing Authority and The NRP Group Join with Columbus Mayor Ginther, Local Dignitaries to Cut Ribbon Celebrating Grand Opening of The Sinclair Apartment Homes, New Affordable Apartments in Columbus, Ohio
COLUMBUS, Ohio--(BUSINESS WIRE)--The Columbus Metropolitan Housing Authority, The NRP Group, and state and local officials celebrate the grand opening of The Sinclair Apartment Homes.
Sinclair Executive Mark Aitken Named SMPTE Fellow
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. is proud to announce Mark Aitken, SVP, Advanced Technology, and President, ONE Media 3.0, has been named a Fellow of the Society of Motion Picture and Televi...
"Full Measure with Sharyl Attkisson," Sinclair's Weekly Investigative News Program, Returns for Ninth Season on Sunday, September 10
WASHINGTON--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc. (Nasdaq: SBGI), today announced “Full Measure with Sharyl Attkisson” will return for its ninth season, beginning o...
The CW Network and Sinclair Expand and Extend Affiliation Partnership
BURBANK, Calif.--(BUSINESS WIRE)--The CW Network (The CW) and Sinclair Broadcast Group, LLC (Sinclair) today announced a multi-year deal that renews affiliations across 35 markets, including 10 market...
1.7 million Americans cut the cord last quarter as traditional TV continues to erode
Television viewers continued to cut the cord in droves during the latest quarter as the value proposition of traditional TV dwindled further.
KOMO/Seattle Wins RTDNA National Edward R. Murrow Award
BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc. (Nasdaq: SBGI), is proud to announce that KOMO in Seattle, WA has been honored by the Radio Television Digital News...
Sinclair CEO Turns From ‘Over-Regulated' Broadcasting, Looks To Ventures And Tech For Future
Sinclair Inc. won't buy more broadcast stations, given "over-regulation," CEO Chris Ripley says. Instead, the company will focus on tech and other growth investments.
Sinclair Broadcast Group Names Rocky Wagonhurst Vice President and General Manager of WVTV in Milwaukee
MILWAUKEE, Minn.--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc., today announced that Rocky Wagonhurst has been named Vice President and General Manager of WVTV in Milwauke...
Diamond Sports calls for mediators as it pushes toward a reorganization plan
Diamond Sports wants mediators step into its conversations with creditors as it tries to solidify a reorganization plan ahead of the NBA and NHL seasons.
Sinclair accused of driving regional-sports subsidiary into bankruptcy
Sinclair Broadcast Group Inc. wrongfully drained at least $1.5 billion from its regional-sports-network subsidiary in the years leading up to its bankruptcy, a new lawsuit alleges.