Sinclair Broadcast Group, Inc. (SBGI)

NASDAQ: SBGI · IEX Real-Time Price · USD
25.43
+0.03 (0.12%)
Aug 16, 2022 11:10 AM EDT - Market open
0.12%
Market Cap 1.78B
Revenue (ttm) 5.14B
Net Income (ttm) 2.51B
Shares Out 69.85M
EPS (ttm) 35.08
PE Ratio 0.72
Forward PE 12.29
Dividend $0.90 (3.54%)
Ex-Dividend Date Aug 31, 2022
Volume 127,765
Open 25.55
Previous Close 25.40
Day's Range 25.22 - 25.55
52-Week Range 18.89 - 33.62
Beta 1.31
Analysts Buy
Price Target 32.00 (+25.8%)
Earnings Date Aug 3, 2022

About SBGI

Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment 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 programming to television viewing audiences in the communities through its local television stations. As of December 31, 2021, the segment owned, operated, and provided ser... [Read more...]

Industry Media
IPO Date Jun 6, 1995
CEO Christopher Ripley
Employees 11,500
Stock Exchange NASDAQ
Ticker Symbol SBGI
Full Company Profile

Financial Performance

In 2021, SBGI's revenue was $6.13 billion, an increase of 3.21% compared to the previous year's $5.94 billion. Losses were -$414.00 million, -82.85% less than in 2020.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for SBGI stock is "Buy." The 12-month stock price forecast is 32, which is an increase of 25.84% from the latest price.

Price Target
$32
(25.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sinclair Broadcast Group to Partner with Project RELO in Support of Task Force Tribute

BALTIMORE & GRAYLING, Mich.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced a partnership with Project RELO, a not-for-profit organization focused on improving the qualit...

Sinclair Stations WGME/Portland, ME and KOMO/Seattle Win RTDNA National Edward R. Murrow Awards

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) is proud to announce WGME in Portland, ME and KOMO in Seattle, WA have been honored by the Radio Television Digital News Association (...

Sinclair and Diamond Sports Group to Host Second Quarter 2022 Financial Results Conference Call on August 18, 2022 at...

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI), and the management team of Diamond Sports Intermediate Holdings LLC (“Diamond”), its unconsolidated subsidiary,...

Sinclair Announces Expansion of Digital Executive Team

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced an expansion of the company's digital executive leadership team with the creation of two new positions. Richard ...

Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, 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 Cla...

Sinclair Reports Second Quarter 2022 Financial Results

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended June 30, 2022. The results ref...

Sinclair Announces Agreements with Korean Broadcasters to Further NextGen Broadcasting

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced that the company has entered into agreements with two top Korean Broadcast networks, Korean Broadcast Sy...

Sinclair Broadcast Group Names Stephen Clare Vice President, Finance

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Stephen Clare has been named Vice President, Finance. Clare will have oversight of the company's Financial Plann...

Sinclair Broadcast Group Names Diana Wilkin Vice President/General Manager of KOKH/FOX and KOCB/CW in Oklahoma City

OKLAHOMA CITY--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Diana Wilkin has been named Vice President/General Manager of KOKH/FOX and KOCB/CW in Oklahoma City. Wilkin ...

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Sinclair (SBGI)

Sinclair (SBGI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading...

Sinclair Broadcast Looks Too Cheap

Some very exciting pockets of value are starting to appear in the market. While the outlook for the economy seems incredibly uncertain right now, Warren Buffett (Trades, Portfolio) has always invested w...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sinclair Broadcast Group, Inc.

Wilmington, Delaware--(Newsfile Corp. - July 20, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) on beha...

Sinclair to Report Second Quarter 2022 Results on August 3, 2022 at 7:30 a.m. (Eastern Time)

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its second quarter 2022 earnings results at 7:30 a.m. ET on Wednesday, August 3, 2022, followed by a conference call...

Sinclair Broadcast Group Announces 2022 Annual Diversity Scholarship Winners, Shaping the Future of Broadcasting

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced that the company has awarded scholarships to 17 university students as a part of its annual Diversity Scholarship prog...

Sinclair Announces Finance Organization Promotions

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following promotions within the company's fina...

Sinclair Broadcast Group Names Joni Rippen Vice President/General Manager of KHGI and KFXL in Lincoln, Nebraska

LINCOLN, Neb.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Joni Rippen has been named Vice President/General Manager of KHGI/ABC and KFXL/FOX in Nebraska's Lincoln-Has...

Sinclair (SBGI) Upgraded to Buy: What Does It Mean for the Stock?

Sinclair (SBGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Sinclair (SBGI) Soars 5.5%: Is Further Upside Left in the Stock?

Sinclair (SBGI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Sinclair Broadcast Group Names Robert Croteau Vice President/General Manager of WRGB and WCWN in Albany, NY

ALBANY, N.Y.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Robert Croteau has been named Vice President/General Manager of WRGB/CBS6 and WCWN/CW15 in Albany, NY. Crotea...

Sinclair to launch $20/mo direct-to-consumer streaming service Bally Sports+ on June 23

Sinclair Broadcast Group's long-anticipated direct-to-consumer regional sports streaming app will have a soft launch this Thursday, June 23, 2022. While this isn't a full rollout, Bally Sports+ will ini...

Major Broadcasters Launch NEXTGEN TV on Four Local Television Stations in San Antonio

SAN ANTONIO, Texas--(BUSINESS WIRE)--Four television stations serving the San Antonio market yesterday began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Yesterday's l...

COMET, CHARGE! and TBD Multicast Networks Secure Nationwide Affiliate Growth and Add New Series to Primetime and Late...

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group's free over-the-air, national, multicast television networks, COMET, CHARGE! and TBD today announced a wide range of network affiliate upgrades and n...

Sinclair Names Adam Ware Senior Vice President, Growth Networks Group

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) announced Adam Ware has been elevated to SVP, Growth Networks Group, and will continue to oversee the company's national multicast net...

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Fresno-Visalia

FRESNO, Calif.--(BUSINESS WIRE)--The leading television stations serving the Fresno-Visalia market today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's lau...

Other symbols: NXST

Sinclair Elects Board and Ratifies Independent Auditor

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI) announced that its shareholders elected the nominated nine Directors at the Company's Annual Shareholders' Meeti...