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Sinclair Broadcast Group, Inc. (SBGI)

Stock Price: $37.57 USD 1.16 (3.19%)
Updated Mar 8, 2021 4:00 PM EST - Market closed
After-hours: $37.68 +0.11 (0.29%) Mar 8, 6:10 PM
Market Cap 2.74B
Revenue (ttm) 5.94B
Net Income (ttm) -2.41B
Shares Out 79.92M
EPS (ttm) -30.20
PE Ratio n/a
Forward PE 3.72
Dividend $0.80
Dividend Yield 2.13%
Trading Day March 8
Last Price $37.57
Previous Close $36.41
Change ($) 1.16
Change (%) 3.19%
Day's Open 36.93
Day's Range 35.69 - 37.90
Day's Volume 924,754
52-Week Range 10.29 - 37.90

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CNN Business - 4 days ago

Citing the coronavirus pandemic, the Sinclair Broadcast Group said on Wednesday that it will reduce its workforce by approximately 5%, amounting to hundreds of layoffs across the company.

Benzinga - 1 week ago

Shares of Sinclair Broadcast Group (NASDAQ:SBGI) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share rose 586.17% year over year to $6.45, which beat the...

Business Wire - 1 week ago

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class...

Business Wire - 1 week ago

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2020...

Investors Business Daily - 1 week ago

On Tuesday, Sinclair Broadcast Group got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The post Sinclair Broadcast Joins Elite List Of Stocks With 95-Plus Composite Rating...

Investors Business Daily - 1 week ago

On Tuesday, Sinclair Broadcast Group got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The post Sinclair Broadcast Group Joins Elite List Of Stocks With 95-Plus Composite ...

InvestorPlace - 2 weeks ago

The world of content and entertainment has changed significantly in the past decade. These media stocks will struggle moving forward.

Other stocks mentioned: CHTR, DISH, FOX, SIRI, SJR, TV
Zacks Investment Research - 2 weeks ago

Sinclair (SBGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 1 month ago

BALTIMORE and PROVIDENCE, R.I., Jan. 27, 2021 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) ("Sinclair") and Bally's Corporation (NYSE: BALY) ("Bally's") today jointly revealed...

Other stocks mentioned: BALY
The Motley Fool - 1 month ago

Regional sports networks are lost in a no man's land.

Other stocks mentioned: FUBO
PRNewsWire - 1 month ago

BALTIMORE, Jan. 25, 2021 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its fourth quarter 2020 earnings results at 7:30 a.m. ET on Wednesday, February 24, 2021, fol...

Invezz - 1 month ago

Legendary billionaire fund manager Mario Gabelli is bullish on infrastructure stocks for the simple reason that advanced infrastructure is a net positive for the United States, he said on Fox ...

Other stocks mentioned: BALY, GCP, HY, MSG, PM
PRNewsWire - 1 month ago

BALTIMORE, Jan. 15, 2021 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) ("Sinclair") is excited to announce that its original news program, "The National Desk," will premiere this Mon...

Seeking Alpha - 1 month ago

Sinclair Broadcast Group is going to report record revenues for 2020. The large 2019 acquisition in the sports segment is the main driver, but other revenue has also been growing in 2020.

Zacks Investment Research - 1 month ago

ViacomCBS (VIAC) and Sinclair enter into a multi-year affiliation agreement to provide CBS network affiliation for Sinclair stations in 13 markets.

Other stocks mentioned: VIAC
PRNewsWire - 1 month ago

BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Billy Robbins has been promoted to Vice President & General Manager of WBFF (FOX and MyNet...

Deadline - 1 month ago

ViacomCBS and Sinclair Broadcast Group, the No. 2 owner of TV stations in the U.S., have reached early renewals of CBS affiliation agreements in 13 markets reaching almost 6 million TV househo...

Other stocks mentioned: VIAC
Business Wire - 1 month ago

NEW YORK & BALTIMORE--(BUSINESS WIRE)--ViacomCBS (NASDAQ: VIACA, VIAC) and Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) (“Sinclair”), today announced multi-year agreements across 13 CBS netwo...

Other stocks mentioned: VIAC
PRNewsWire - 2 months ago

BALTIMORE, Dec. 29, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following promotions. S...

PRNewsWire - 2 months ago

SEATTLE, Dec. 22, 2020 /PRNewswire/ -- Television viewers in the nation's 14th largest TV market can now get a taste of the future as ONE Media 3.0, a wholly-owned subsidiary of Sinclair Broad...

Deadline - 2 months ago

Fox Corp.'s broadcast subsidiary and No. 2 station group Sinclair have reached a multi-year renewal covering Fox affiliates in 25 markets. The stations reach about 11% of U.S. TV households. “...

Other stocks mentioned: FOX, FOXA
PRNewsWire - 3 months ago

BALTIMORE, Dec. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group,...

Zacks Investment Research - 3 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

CNBC Television - 3 months ago

Activist investor Stephen Usher digs into the Bally's, Sinclair deal

Stephen Usher, Standard General partner, on potential upside for casino stocks. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Steve Grasso.

New York Post - 3 months ago

Wynn Resorts just lost a bid to secure a toehold in the burgeoning TV sports gambling sector — and some insiders fear it may have been the casino empire's biggest and last chance. Las Vegas-ba...

Other stocks mentioned: WYNN
Benzinga - 3 months ago

A new deal between Bally's Corporation (NYSE: BALY) and Sinclair Broadcast Group (NASDAQ: SBGI) positions both companies to be players in the massively growing U.S. online sports betting marke...

Yahoo Finance - 3 months ago

Sinclair Broadcast Group teams up with Bally's on sports betting deal

Sinclair Broadcast Group President Chris Ripley and Bally's Corporation CEO and President Greg Papanier discuss the Sinclair Broadcast sports betting deal with Bally's with Yahoo Finance's Myl...

Zacks Investment Research - 3 months ago

Sinclair (SBGI) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

PRNewsWire - 3 months ago

BALTIMORE, Nov. 19, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group...

The Motley Fool - 3 months ago

The company just entered a new partnership with Bally's.

PRNewsWire - 3 months ago

PROVIDENCE, R.I. and BALTIMORE, Nov. 18, 2020 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) and Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) today announced that they have entered into agr...

New York Post - 3 months ago

Sinclair Broadcasting has signed a deal to rename its 21 regional sports channels after casino operator Bally's Corp. in a major bet on sport gambling, The Post has learned. The deal calls for...

PRNewsWire - 3 months ago

BALTIMORE, Nov. 18, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) today announced that it has formally branded its soon-to-be-launched headline news service as "The National Des...

The Motley Fool - 4 months ago

The effect of the cord-cutting movement is much worse than expected.

Forbes - 4 months ago

TV station operation Sinclair Broadcast Group wrote off $4.23 billion in value on 23 regional sports networks after they lost distribution deals with YouTube and Hulu amid the pandemic. Partly...

Seeking Alpha - 4 months ago

Sinclair Broadcast Group, Inc. (SBGI) CEO Chris Ripley on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 4 months ago

Sinclair Broadcast Group, Inc.'s (SBGI) CEO Christopher Ripley on Q3 2020 Results - Earnings Call Transcript

Deadline - 4 months ago

Sinclair Broadcast Group edged Wall Street analysts' estimate for revenue in the third quarter, reporting $1.54 billion as the acquisition of 22 formerly Fox-owned regional sports networks hit...

Zacks Investment Research - 4 months ago

Sinclair (SBGI) delivered earnings and revenue surprises of 168.27% and 2.86%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 4 months ago

BALTIMORE, Nov. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Com...

PRNewsWire - 4 months ago

BALTIMORE, Nov. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended Septemb...

Seeking Alpha - 4 months ago

Sinclair has managed to reduce the damage from its catastrophic RSN purchase by repurchasing Diamond Sports preferred shares, which were guaranteed by Sinclair's Broadcast TV division. This re...

PRNewsWire - 4 months ago

BALTIMORE, Nov. 2, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) today announced that John Zeigler will join the company as its new Chief Marketing Officer. In this newly create...

PRNewsWire - 4 months ago

BALTIMORE, Oct. 29, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) today announced that Lucy Rutishauser, Executive Vice President & Chief Financial Officer at Sinclair Bro...

Forbes - 4 months ago

Sinclair Broadcast Group, the second-largest television station operator in the U.S. behind Nexstar, saw weak advertising sales for its stations and sports networks earlier in the pandemic. Co...

Seeking Alpha - 4 months ago

Sprouts Farmers Market, Inc.'s (SFM) CEO Jack Sinclair on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: SFM
Zacks Investment Research - 4 months ago

Sinclair (SBGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Deadline - 4 months ago

A portfolio of 21 regional sports networks long operated by Fox and now controlled by Diamond Sports Group, a consortium led by Sinclair Broadcast Group, have gone dark on Hulu's live TV bundl...

PRNewsWire - 4 months ago

BALTIMORE, Oct. 16, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) announced today that it will air an exclusive town hall discussion with President Donald Trump on Wednesday, Oc...

PRNewsWire - 4 months ago

HUNT VALLEY, Md., Oct. 15, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today the closing of the acquisition of two Class A television stations located in the W...

About SBGI

Sinclair Broadcast Group operates as a diversified television media company in the United States. The company operates in two segments, Local News and Marketing Services; and Sports. It owns or provides various programming, operating, sales, and other non-programming operating services to television stations. The company 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 internally origina... [Read more...]

Industry
Broadcasting
IPO Date
Jun 6, 1995
CEO
Christopher Ripley
Country
United States
Stock Exchange
NASDAQ
Ticker Symbol
SBGI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecasts

According to 8 analysts, the average rating for SBGI stock is "Hold." The 12-month stock price forecast is 29.00, which is a decrease of -22.81% from the latest price.

Price Target
$29.00
(-22.81% downside)
Analyst Consensus: Hold