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Last €22.47 EUR
Change Today +0.03 / 0.13%
Volume 0.0
SBTA On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sinclair broadcast group -a (SBTA) Snapshot

Open
€22.46
Previous Close
€22.44
Day High
€22.47
Day Low
€22.46
52 Week High
03/31/15 - €29.81
52 Week Low
10/13/14 - €18.68
Market Cap
2.3B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
69.6M
EX-Date
08/28/15
P/E TM
--
Dividend
€0.66
Dividend Yield
2.48%
Current Stock Chart for SINCLAIR BROADCAST GROUP -A (SBTA)

sinclair broadcast group -a (SBTA) 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 (SBTA) 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 (SBTA) Key Developments

Sinclair Broadcast Group, Inc. and Dish Network Corp. Reach Retransmission Consent Agreement in Principal

Sinclair Broadcast Group, Inc. announced that they have reached an agreement in principal with the DISH Network for the carriage of the Company's broadcast television stations. The parties have entered into a two-week extension in order to allow time to document the agreement.

Sinclair Broadcast Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Sinclair Broadcast Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $554,167,000 compared to $455,136,000 a year ago. Operating income was $114,340,000 compared to $103,039,000 a year ago. Income before income taxes was $69,733,000 compared to $64,675,000 a year ago. Net income attributable to the company was $45,787,000 or $0.48 per basic and diluted share compared to $41,335,000 or $0.42 per diluted share a year ago. Capital expenditures in the second quarter of 2015 were $23.4 million. EBITDA was $185 million in the quarter, up $28 million or 18% higher than the same period last year. On a pro forma basis, EBITDA, excluding $8 million of future return-generating investments, was down slightly, but up when excluding political revenues compared to the pro forma second quarter 2014. The company generated $84 million of free cash flow in the quarter. For the six months period, the company reported total revenues of $1,058,942,000 compared to $867,784,000 a year ago. Operating income was $198,887,000 compared to $184,039,000 a year ago. Income before income taxes was $110,996,000 compared to $107,152,000 a year ago. Net income attributable to the company was $70,069,000 or $0.73 per diluted share compared to $68,493,000 or $0.69 per diluted share a year ago. For the third quarter of 2015, net broadcast revenues, before barter, are expected to be approximately $483.3 million to $486.5 million, up 7.9% to 8.6% year-over-year. Embedded in these anticipated results are: $7.2 million in political revenues as compared to $33.8 million in the third quarter of 2014. Barter and trade revenue are expected to be approximately $28.0 million in third quarter 2015. Other operating division revenues less other operating division expenses are expected to generate $4.4 million of operating cash flow, assuming current equity interests. Amortization of acquired intangibles is expected to be approximately $39.9 million. Net interest expense is expected to be approximately $48.4 million ($46.0 million on a cash basis). The company's effective tax rate is expected to be approximately 35.2%. Capital expenditures are expected to be approximately $22.8 million. EBITDA in the third quarter is expected to be approximately $155 million to $157 million, a decrease of 8% to 10% versus third quarter 2014 EBITDA of $172 million. On a pro forma basis, third quarter EBITDA is estimated to be down 16% to 18%, due primarily to the absence of political revenues. Free cash flow in the third quarter is expected to be approximately $52 million to $54 million. For the full year 2015, barter and trade revenue is expected to be approximately $114.6 million. Other operating division revenues less other operating division expenses are expected to generate $20.0 million of operating cash flow, assuming current equity interests. Depreciation on property and equipment is expected to be approximately $99.9 million. Amortization of acquired intangibles is expected to be approximately $159.2 million. Net interest expense is expected to be approximately $191.2 million (approximately $181.8 million on a cash basis), assuming no changes in the current interest rate yield curve and changes in debt levels. The company's effective tax rate is expected to be approximately 35.5%. CapEx estimate remains unchanged at about $90 million.

Sinclair Broadcast Group, Inc. Declares Quarterly Cash Dividend on its Class A and Class B Common Stock, Payable on September 15, 2015

Sinclair Broadcast Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.165 per share on its Class A and Class B common stock. The dividend is payable on September 15, 2015, to the holders of record at the close of business on September 1, 2015.

 

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Industry Analysis

SBTA

Industry Average

Valuation SBTA Industry Range
Price/Earnings 11.6x
Price/Sales 1.1x
Price/Book 5.3x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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