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Last $30.62 USD
Change Today +0.24 / 0.79%
Volume 770.0K
SBGI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

sinclair broadcast group -a (SBGI) Snapshot

Open
$30.33
Previous Close
$30.38
Day High
$30.75
Day Low
$30.13
52 Week High
07/2/14 - $36.14
52 Week Low
10/13/14 - $23.88
Market Cap
2.9B
Average Volume 10 Days
1.0M
EPS TTM
$1.98
Shares Outstanding
69.5M
EX-Date
05/28/15
P/E TM
15.4x
Dividend
$0.66
Dividend Yield
2.11%
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 164 stations in 79 markets, which broadcast 373 channels. 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.

7,700 Employees
Last Reported Date: 03/2/15
Founded in 1986

sinclair broadcast group -a (SBGI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer
Total Annual Compensation: $562.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $850.0K
Executive Vice President and General Counsel
Total Annual Compensation: $819.0K
Senior Vice President of Corporate Finance an...
Total Annual Compensation: $334.7K
Compensation as of Fiscal Year 2014.

sinclair broadcast group -a (SBGI) Key Developments

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

Sinclair Broadcast Group Inc. reported unaudited consolidated financial results for the three months ended March 31, 2015. For the period, the company reported total revenues were $504,775,000 compared to $412,648,000 for the same period a year ago. Operating income was $84,547,000 compared to $81,000,000 for the same period a year ago. Income before income taxes was $41,263,000 compared to $42,477,000 for the same period a year ago. Net income attributable to the company was $24,282,000 or $0.25 per basic and diluted share compared to $27,158,000 or $0.27 per basic and diluted share for the same period a year ago. Capital expenditures in the first quarter of 2015 were $23.6 million. Debt on the balance sheet, net of $57.8 million in cash and cash equivalents, was $3,853.2 million at March 31, 2015 versus net debt of $3,911.0 million at December 31, 2014. The company also provided earnings guidance for the second quarter ending of 2015. For the second quarter of 2015, the company expects net broadcast revenues, before barter, are expected to be approximately $491.6 million to $496.1 million, up 21.6% to 22.7% year-over-year.  Embedded in these anticipated results are:   $4.5 million in political revenues as compared to $11.6 million in the second quarter of 2014. The company's effective tax rate is expected to be approximately 34.9%. Capital expenditures are expected to be approximately $29.4 million. For the full year 2015, the company expects Barter and trade revenue to be approximately $106.6 million. Amortization of acquired intangibles is expected to be approximately $159.1 million. The Company's effective tax rate is expected to be approximately 35.7%. Capital expenditures are expected to be $90.0 million, which assumes investments in HD news, building consolidation projects, and ASN capital requirements.

Sinclair Broadcast Group, Inc. Declares Quarterly Cash Dividend, Payable on June 12, 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 June 12, 2015, to the holders of record at the close of business on June 1, 2015.

Sinclair Broadcast Group Promotes Chuck Reid to General Manager of KSAS-TV (FOX)

Sinclair Broadcast Group, Inc. announced that Chuck Reid has been promoted to General Manager of KSAS-TV (FOX), as well as the simulcasts, in the Wichita-Hutchinson, KS market. Mr. Reid will also be responsible for the oversight of KMTW-TV (MNT), which is programmed by Sinclair under a time brokerage agreement. The announcement was made by Steve Pruett, Co-Chief Operating Officer of Sinclair's television group. Mr. Reid most recently and since 2008 served as General Sales Manager of KSAS-TV (FOX) and KMTW-TV (MNT). From 2001 to 2007, he was the Vice President and General Manager of Advertising Sales for COX Media and from 1997 to 2001, he was the Manager of Business Operations for COX Media.

 

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Industry Analysis

SBGI

Industry Average

Valuation SBGI Industry Range
Price/Earnings 14.1x
Price/Sales 1.4x
Price/Book 6.6x
Price/Cash Flow 6.4x
TEV/Sales NM Not Meaningful
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