Sinclair Broadcast Group, Inc. (SBGI)

NASDAQ: SBGI · IEX Real-Time Price · USD
11.57
-1.19 (-9.33%)
Mar 18, 2024, 4:00 PM EDT - Market closed
-9.33%
Market Cap 811.56M
Revenue (ttm) 3.13B
Net Income (ttm) -291.00M
Shares Out 63.60M
EPS (ttm) -4.46
PE Ratio n/a
Forward PE 358.17
Dividend $1.00 (8.64%)
Ex-Dividend Date Mar 8, 2024
Volume 919,986
Open 12.80
Previous Close 12.76
Day's Range 11.38 - 12.85
52-Week Range 9.39 - 21.17
Beta 1.41
Analysts Buy
Price Target 19.10 (+65.08%)
Earnings Date May 1, 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]

Industry Entertainment
IPO Date Jun 6, 1995
Employees 7,900
Stock Exchange NASDAQ
Ticker Symbol SBGI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for SBGI stock is "Buy." The 12-month stock price forecast is $19.1, which is an increase of 65.08% from the latest price.

Price Target
$19.1
(65.08% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sinclair and APTS Announce Free Virtual Channel Hosting for Public Television Stations Not Yet Transmitting in ATSC 3.0

HUNT VALLEY, Md. & ARLINGTON, Va.--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ: SBGI) and America's Public Television Stations (APTS) today announced that, i...

5 days ago - Business Wire

Sinclair and Reading Is Fundamental Launch Sinclair Cares: Supporting Children's Literacy

BALTIMORE & WASHINGTON--(BUSINESS WIRE)--Sinclair Inc. (Nasdaq: SBGI) today announced a partnership with Reading Is Fundamental (RIF), the nation's leading children's literacy nonprofit, to launch Sin...

14 days ago - Business Wire

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...

19 days ago - Business Wire

Sinclair Reports Fourth Quarter 2023 Financial Results

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2023. Highlights: Met guidan...

19 days ago - Business Wire

Sinclair Names Jim Doty Vice President and General Manager of WCYB and WEMT, Tri-Cities

TRI-CITIES, Tenn.--(BUSINESS WIRE)--Sinclair today announced that Jim Doty has been named VP/GM of WCYB (NBC/CW) and WEMT (FOX) in the Tri-Cities region of Tennessee and Virginia. Doty was most recent...

20 days ago - Business Wire

The Nest Secures Nationwide Distribution Gains; Adds 35 TEGNA Stations

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair Inc., (Nasdaq: SBGI) today announced a new broadcast affiliate distribution agreement with TEGNA to expand the clearances...

27 days ago - Business Wire

Comet, CHARGE! and TBD. Deliver Highest Viewership in Networks' History

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC., a subsidiary of Sinclair Inc., (Nasdaq: SBGI) is pleased to announce Comet, CHARGE! and TBD., the company's free, over-the-air, national net...

5 weeks ago - Business Wire

Sinclair and Futuri Announce Strategic Partnership to Innovate Television Sales with AI Technology

BALTIMORE & CLEVELAND--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair Inc. (Nasdaq: SBGI), together with Futuri, a leader in AI-driven audience engagement and sales intellige...

5 weeks ago - Business Wire

Sinclair Broadcast Group Names Amy Calvert Vice President/General Manager of KOKH and KOCB in Oklahoma City

OKLAHOMA CITY--(BUSINESS WIRE)--Sinclair today announced Amy Calvert has been named Vice President/General Manager of KOKH/FOX and KOCB, Sinclair's television stations in Oklahoma City. Calvert joins ...

6 weeks ago - Business Wire

Sinclair Broadcast Group Names Jennifer Hansen Vice President/General Manager of WBMA/WABM and WTTO in Birmingham

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sinclair today announced Jennifer Hansen has been named Vice President/General Manager of WBMA/WABM and WTTO in Birmingham. Hansen was most recently the VP/GM of WRL...

6 weeks ago - Business Wire

Sinclair to Report Fourth Quarter 2023 Results on February 28, 2024 at 4:00 P.M. (Eastern Time)

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) will report its fourth quarter 2023 earnings results at 4:00 p.m. ET on Wednesday, February 28, 2024, followed by a conference call to discuss...

6 weeks ago - Business Wire

Sinclair Broadcast Group Names Diana Wilkin Vice President/General Manager of WPEC/WTVX/WTCN in West Palm Beach

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sinclair today announced Diana Wilkin has been named Vice President/General Manager of WPEC/CBS, WTVX/CW and WTCN/MY in West Palm Beach, Florida. Wilkin was pre...

2 months ago - Business Wire

Sinclair and National Content & Technology Cooperative (NCTC) Announce Renewal of Long-Term Distribution Agreement

HUNT VALLEY, Md. & OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) today announced that it has renewed its distribution agreement with the National Content & Technology Cooperative...

2 months ago - Business Wire

Sinclair and FOX Reach Agreement to Renew All FOX Affiliations Nationwide

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) (“Sinclair”) and FOX Corporation (Nasdaq: FOXA, FOX) today announced that their broadcast divisions have reached an agreement for a multi-year...

Other symbols: FOXA
2 months ago - Business Wire

Sinclair Announces Global Settlement of All Diamond Sports Group-Related Litigation Issues, Including Agreement with Diamond on Management Services Agreement Amendment

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) today announced that it has agreed, subject to definitive documentation and final court approval, to a global settlement and release of...

2 months ago - Business Wire

Sinclair Announces Annual Diversity Scholarship Submission for 2024, Shaping the Future of Broadcasting

BALTIMORE--(BUSINESS WIRE)--Sinclair (NASDAQ: SBGI), today announced that the Sinclair Broadcast Group Diversity Scholarship program is now accepting applications for the 2024 school year. Having prov...

2 months ago - Business Wire

Sinclair Announces Company Promotions

BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair (NASDAQ: SBGI), a diversified media company and a leader in local news and sports, today announced several promotions across the company. The following promot...

2 months ago - Business Wire

Sinclair And Verizon Reach Multi-Year Distribution Agreement

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) today announced the company has reached a comprehensive multi-year distribution agreement with Verizon (NYSE: VZ) for carriage on FiOS ...

Other symbols: VZ
2 months ago - Business Wire

Sinclair, Inc. Names Ryan Moore SVP and Chief Revenue Officer

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. has named Ryan Moore SVP and Chief Revenue Officer. In his new role, Moore's responsibilities will include oversight of sales and revenue growth strat...

2 months ago - Business Wire

Patrick McFadden to Join Sinclair

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), a diversified media company and a leading provider of local news and sports, announced today that Patrick McFadden will join the compa...

2 months ago - Business Wire

Sinclair Expands Multicast Network Footprint in Top-Ten U.S. DMAs

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair Inc., a diversified media company and a leading provider of local news and sports, today announced network distrib...

2 months ago - Business Wire

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...

3 months ago - Newsfile Corp

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...

4 months ago - Business Wire

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...

4 months ago - New York Post

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...

4 months ago - Business Wire