Last $27.46 USD
Change Today -0.51 / -1.82%
Volume 928.4K
SBGI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

sinclair broadcast group -a (SBGI) Snapshot

Open
$27.99
Previous Close
$27.97
Day High
$28.20
Day Low
$27.40
52 Week High
07/2/14 - $36.14
52 Week Low
10/13/14 - $23.88
Market Cap
2.6B
Average Volume 10 Days
2.0M
EPS TTM
$2.00
Shares Outstanding
69.6M
EX-Date
02/25/15
P/E TM
13.7x
Dividend
$0.66
Dividend Yield
2.35%
Current Stock Chart for SINCLAIR BROADCAST GROUP -A (SBGI)

sinclair broadcast group -a (SBGI) Details

Sinclair Broadcast Group, Inc., a diversified television broadcasting company, owns and operates, programs, or provides sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs. The company owns and provides programming and operating services pursuant to local marketing agreements, or provides sales services pursuant to outsourcing agreements to 167 television stations in 79 markets. It also offers sign design and fabrication services; and security alarm monitoring and bulk acquisition services. In addition, the company invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as in private equity and structured debt/mezzanine financing investment funds. Further, it manufactures and services television broadcast antennas and transmitters. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.

sinclair broadcast group -a (SBGI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Operating Officer, Co-Chief Operating O...
Total Annual Compensation: $825.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $753.0K
Executive Vice President and General Counsel
Total Annual Compensation: $725.4K
Senior Vice President of Corporate Finance an...
Total Annual Compensation: $334.7K
Compensation as of Fiscal Year 2013.

sinclair broadcast group -a (SBGI) Key Developments

Sinclair Broadcast Group, Inc. Declares Quarterly Cash Dividend on Class A and Class B Common Stock Payable on March 13, 2015

Sinclair Broadcast Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.165 per share on the company's Class A and Class B common stock. The dividend is payable on March 13, 2015, to the holders of record at the close of business on February 27, 2015.

Sinclair Broadcast Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2015

Sinclair Broadcast Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenues of the company increased 43.5% to $613.8 million, versus $427.7 million in the prior year period. Operating income was $208.9 million, an increase of 102.4% from operating income of $103.2 million reported in the prior year period. Income from continuing operations before income taxes was $149.1 million against $22.5 million reported last year. Net income attributable to the Company was $95.4 million versus net income of $2.3 million in the prior year period. Diluted earnings per common share were $0.98 as compared to $0.02 in the prior year period. Income from continuing operations was $37.1 million against $4.2 million reported last year. Diluted earnings per share from continuing operations was $0.98 against $0.02 reported last year. Capital expenditures in the fourth quarter of 2014 were $23.3 million and $81.5 million for the year. For the year, total revenues of the company increased 45.0% to $1.977 billion, versus $1.363 billion in the prior year period. Operating income was $494.7 million, an increase of 52.7% from operating income of $324.0 million reported in the prior year period. Income from continuing operations before income taxes was $312.5 million against $105.5 million reported last year. Net income attributable to the company was $212.3 million versus net income of $73.5 million in the prior year period. Diluted earnings per common share were $2.17 as compared to $0.78 in the prior year period. Income from continuing operations was $215.1 million against $64.3 million reported last year. Diluted earnings per share from continuing operations was $2.17 against $0.66 reported last year. Net broadcast revenues, before barter, are expected to be approximately $457.0 million to $461.2 million, up 22.2% to 23.3% year-over-year. The Company's effective tax rate is expected to be approximately 33.8%. Capital expenditures are expected to be approximately $26.5 million. Barter and trade revenue is expected to be approximately $129.0 million. The Company's effective tax rate is expected to be approximately 33.6%. Capital expenditures are expected to be $88.7 million, which assumes investments in HD news, building consolidation projects, and ASN capital requirements.

Sinclair Broadcast Seeks Acquisitions

Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) is looking for acquisition. Chris Ripley, Chief Financial Officer of Sinclair Broadcast, states, "In terms of acquisitions, specifically station acquisitions, my expectation for this year is that those will be at a much slower pace than what you saw last year. Some of that is obviously driven by what you mentioned before in terms of where we are relative to the FCC cap. That is what I expect for this year. But I would expect some activity there, and it will be significant relative to our free cash flow but not nearly as significant as it was in years past."

 

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Industry Analysis

SBGI

Industry Average

Valuation SBGI Industry Range
Price/Earnings 12.7x
Price/Sales 1.3x
Price/Book 7.1x
Price/Cash Flow 5.9x
TEV/Sales NM Not Meaningful
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