Sinclair Broadcast Group, Inc. (SBGI)
| Market Cap | 882.81M |
| Revenue (ttm) | 3.16B |
| Net Income (ttm) | -453.00M |
| Shares Out | 66.18M |
| EPS (ttm) | -6.98 |
| PE Ratio | n/a |
| Forward PE | 9.08 |
| Dividend | $1.00 (7.50%) |
| Ex-Dividend Date | Jun 3, 2024 |
| Volume | 239,805 |
| Open | 13.25 |
| Previous Close | 13.38 |
| Day's Range | 12.81 - 13.37 |
| 52-Week Range | 9.39 - 17.59 |
| Beta | 1.53 |
| Analysts | Buy |
| Price Target | 18.14 (+35.98%) |
| Earnings Date | Jul 31, 2024 |
About SBGI
Sinclair, Inc., a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs. This segment operates The Nest, a... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for SBGI stock is "Buy." The 12-month stock price forecast is $18.14, which is an increase of 35.98% from the latest price.
News
Jerald Fritz to Retire from Sinclair/ONE Media
ARLINGTON, Va.--(BUSINESS WIRE)--Jerald “Jerry” Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., has announced his retire...
Sinclair Elects Board and Ratifies Independent Auditor
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (the “Company”) (Nasdaq: SBGI) announced that its stockholders elected the nominated nine Directors at the Company's Annual Stockholders' Meeting held yester...
CHATHAM ASSET MANAGEMENT SENDS LETTER TO SINCLAIR REGARDING REFINANCING EFFORTS
CHATHAM, N.J. , June 3, 2024 /PRNewswire/ -- Chatham Asset Management, LLC ("Chatham"), a private investment firm that through certain of its affiliates is one of the largest creditors of Sinclair, In...
Sinclair Wins 22 RTDNA Regional Edward R. Murrow Awards
BALTIMORE--(BUSINESS WIRE)--Sinclair is proud to announce 15 of its owned and/or operated content centers across the country have been honored with the prestigious RTDNA Regional Edward R. Murrow Awar...
Sinclair Wins 16 Telly Awards
BALTIMORE--(BUSINESS WIRE)--Sinclair is pleased to announce it has been honored with 16 Telly Awards. The Telly Awards are a global competition honoring excellence in video and television content acro...
Sinclair explores selling roughly 30% of its broadcast stations, sources say
Sinclair is looking to sell a chunk of its 185 broadcast stations, according to people familiar with the matter.
Sinclair Reports First Quarter 2024 Financial Results
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2024. Highlights: Met or exceeded first qu...
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 Wins Four National Headliner Awards
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair is pleased to announce its television stations were honored with a total of four National Headliner Awards, including first place in the Investigative Repor...
Blaise Labbe, Sinclair's Group News Director, Named to Oklahoma Journalism Hall of Fame
OKLAHOMA CITY--(BUSINESS WIRE)--Sinclair is proud to announce that Blaise Labbe will be inducted into the Oklahoma Journalism Hall of Fame. Labbe is currently a Group News Director for Sinclair Broadc...
WMTW, WGME-TV, WPFO, and WMEA-TV/WCBB Launch NextGen TV in Portland, Maine
PORTLAND, Maine--(BUSINESS WIRE)--Five leading television stations serving the Portland Maine television market have begun broadcasting with NextGen TV, a revolutionary new digital broadcast technolog...
Sinclair Releases 2023 Corporate Social Responsibility Report
HUNT VALLEY, Md.--(BUSINESS WIRE)--In honor of Earth Day, Sinclair, Inc. today published its 2023 Corporate Social Responsibility (CSR) report, detailing the Company's achievements and progress in its...
2024 Upton Sinclair Memorial Lecture Examines Silicosis Epidemic Among Artificial-Stone Fabricators during AIHA Connect
FALLS CHURCH, Va.--(BUSINESS WIRE)--The lecture is one of the scheduled events during AIHA Connect, AIHA's annual conference and expo for OEHS professionals.
Sinclair Launches “Broadspan” Datacasting Platform
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) announced the launch of its “Broadspan” datacasting platform to enable data distribution capability across all current Sinclair NextGen...
Futuri Shares Groundbreaking AI in Media Study at National Association of Broadcasters (NAB) Show 2024; Reveals A New Era of Human-AI Collaboration in Content Creation
LAS VEGAS--(BUSINESS WIRE)--At the hotly anticipated NAB Show 2024, Futuri's CEO Daniel Anstandig, alongside co-presenter Ameca, the AI-powered humanoid, shared findings from the most comprehensive st...
Sinclair Joins Entertainment ID Registry Board
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced the company has joined the Entertainment ID Registry (EIDR) as a member of the Board of Directors. The company will be represented by ...
Sinclair to Report First Quarter 2024 Results on May 8, 2024 at 4:00 p.m. (Eastern Time)
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) will report its first quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, May 8, 2024, followed by a conference call to discuss the re...
Sinclair Begins Generative AI Usage
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced the company has taken its first steps into usage of generative artificial intelligence within its original content to reach more audie...
WBFF FOX 45/Sinclair, The Baltimore Sun, The David D. Smith Family Foundation, Atlas Restaurant Group and MileOne Autogroup to Support Recovery Effort in Baltimore Harbor with Donations to the Maryland Tough Baltimore Strong Key Bridge Fund
BALTIMORE--(BUSINESS WIRE)--WBFF FOX45, Baltimore's #1 ranked news outlet, The Baltimore Sun, the region's leading source of news and information, Atlas Restaurant Group, the largest restaurant group ...
These 3 Tech And Telecom Stocks With Over 6% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - CuriosityStream (NASDAQ:CURI), Sinclair (NASDAQ:SBGI)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Sinclair's Diamond Sports extends distribution deal with Charter Communications
Sinclair SBGI, +4.55% -owned Diamond Sports Group extended its distribution deal with Charter Communications CHTR, -0.84%, giving Spectrum customers access to the company's regional sports networks.
Sinclair and ONE Media Technologies to Participate in NAB Show, Las Vegas April 13-16
HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media Technologies, will be participating in the 2024 National Association of Broadcasters (NAB) Show next week...
Wilson Partners Brings Barnbrook Sinclair Onboard, Strengthening Accounting Group's Presence in South East England
LONDON--(BUSINESS WIRE)--High growth accounting, tax and corporate finance firm Wilson Partners has acquired the Woking-based firm Barnbrook Sinclair. The move strengthens its presence in the South Ea...
Sinclair Names Matthew Galka National Correspondent, Washington DC Bureau
WASHINGTON--(BUSINESS WIRE)--Sinclair Broadcast Group today announced that Matthew Galka will join the company's Washington DC Bureau as a National Correspondent. Galka will provide reporting for The ...
CHARGE! and ABC Owned Television Stations Enter Into New Network Affiliation Agreement
BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair Inc., (Nasdaq: SBGI) today announced a new broadcast affiliate distribution agreement with ABC Owned Television Stations ...