Sinclair Broadcast Group, Inc. (SBGI)

NASDAQ: SBGI · IEX Real-Time Price · USD
12.32
-0.23 (-1.83%)
At close: May 24, 2024, 4:00 PM
12.49
+0.17 (1.38%)
After-hours: May 24, 2024, 7:56 PM EDT
-1.83%
Market Cap 815.31M
Revenue (ttm) 3.16B
Net Income (ttm) -453.00M
Shares Out 66.18M
EPS (ttm) -6.98
PE Ratio n/a
Forward PE 8.66
Dividend $1.00 (8.12%)
Ex-Dividend Date Jun 3, 2024
Volume 342,398
Open 12.68
Previous Close 12.55
Day's Range 12.32 - 12.32
52-Week Range 9.39 - 17.59
Beta 1.37
Analysts Buy
Price Target 18.14 (+47.24%)
Earnings Date May 8, 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 5 analysts, the average rating for SBGI stock is "Buy." The 12-month stock price forecast is $18.14, which is an increase of 47.24% from the latest price.

Price Target
$18.14
(47.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

5 days ago - Business Wire

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.

18 days ago - CNBC

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...

19 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 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...

26 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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.

5 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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...

Other symbols: WERN
6 weeks ago - Business Wire

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 ...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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 ...

7 weeks ago - Business Wire

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...

Other symbols: CURIT
7 weeks ago - Benzinga

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.

Other symbols: CHTR
7 weeks ago - Market Watch

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...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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 ...

2 months ago - Business Wire

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 ...

2 months ago - Business Wire

Sinclair Broadcast Group Names Shuneca Harrington Vice President and General Manager of WRLH/FOX in Richmond, VA

RICHMOND, Va.--(BUSINESS WIRE)--Sinclair today announced that Shuneca Harrington has been named VP/GM of WRLH/FOX in Richmond, VA. Harrington, who began her media career at Sinclair, returns to the co...

2 months ago - Business Wire

Sinclair Promotes David Gibber to Executive Vice President and Chief Legal Officer

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced David Gibber has been elevated to Executive Vice President and Chief Legal Officer. Gibber was most recently the company's Senior Vice...

2 months ago - Business Wire

NAACP to Honor Sinclair Broadcast Group's WBFF in Baltimore and Investigative Reporter Chris Papst with Randallstown NAACP Excellence in Advocacy Award

BALTIMORE--(BUSINESS WIRE)--WBFF FOX 45, Sinclair Broadcast Group's station in Baltimore, is pleased to announce that both the station and Project Baltimore's Investigative Reporter Chris Papst will b...

2 months ago - Business Wire

Sinclair Announces Virtual Carriage – Tennis Channel's T2

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ: SBGI) today announced that it will carry Tennis Channel's T2 as a free, streaming, virtual cha...

2 months ago - Business Wire