Last €23.82 EUR
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:15 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

sinclair broadcast group -a (SBTA) Snapshot

Open
€23.54
Previous Close
€23.82
Day High
€23.82
Day Low
€23.54
52 Week High
01/7/14 - €27.06
52 Week Low
03/18/14 - €17.33
Market Cap
2.2B
Average Volume 10 Days
37.7
EPS TTM
--
Shares Outstanding
69.5M
EX-Date
11/26/14
P/E TM
--
Dividend
€0.66
Dividend Yield
2.00%
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 167 television stations in 77 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.

6,400 Employees
Last Reported Date: 03/3/14
Founded in 1986

sinclair broadcast group -a (SBTA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $753.0K
Chief Operating Officer of Sinclair's Televis...
Total Annual Compensation: $825.0K
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 (SBTA) Key Developments

Sinclair Announces Corporate Promotions

Sinclair Broadcast Group, Inc. announced the corporate promotions of Delbert R. Parks, III and Harvey Arnold. The announcement was made by David Amy, Executive Vice President and Chief Operating Officer of Sinclair. Mr. Parks was promoted to Senior Vice President, Chief Technology Officer of Sinclair from Senior Vice President/Operations and Engineering. Mr. Parks will be responsible for the oversight and coordination of all Sinclair technology efforts and operational deployments, provide future direction and goals for technology and operating system implementations, be responsible for all current technology, and coordinate with senior executives to ensure new business plans are supported with staff and resources. The company's Engineering, Information Technology, Sinclair Advertising Support Operations, On-Air Operations, and Master Control will continue to report into him. Mr. Arnold was promoted to Vice President, Engineering. Mr. Arnold will be responsible for the oversight of the regional field engineers and other senior engineering staff at each station, identify and prioritize engineering and building projects to ensure they are resourced, supervised and completed, and manage the capital budget to ensure that the company's efforts are properly balanced and engineering plants are maintained and operational.

Sinclair Broadcast Group, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2014

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 December 15, 2014, to the holders of record at the close of business on December 1, 2014.

Sinclair Broadcast Group, Inc. Reports Preliminary Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earning Guidance for the Fourth Quarter and Year Ending December 31, 2014

Sinclair Broadcast Group, Inc. reported preliminary unaudited consolidated earnings results for the three and nine months ended September 30, 2014. Net broadcast revenues from continuing operations increased 47.9% to $448.1 million, versus $303.0 million in the prior year period. Operating income was $101.7 million, an increase of 39.6% versus $72.8 million in the prior year period. Net income attributable to the company was $48.3 million, versus net income of $36.3 million in the prior year period. Diluted earnings per common share were $0.49 as compared to $0.36 in the prior year period. Capital expenditures in the third quarter of 2014 were $31.6 million. Income from continuing operations was $48,768,000 against $30,551,000 a year ago. Income from continuing operations before income taxes was $56,292,000 against $35,040,000 a year ago. EBITDA was $172 million in the quarter, up $65 million or 61% higher than the same period last year. Capital expenditures in the third quarter of 2014 were $31.6 million. Net broadcast revenues from continuing operations increased 46.8% to $1.226 billion, versus $835.2 million in the prior year period. Operating income was $285.7 million, an increase of 29.4% versus $220.8 million in the prior year period. Net income attributable to the company was $116.8 million, versus net income of $71.2 million in the prior year period. Diluted earnings per common share were $1.19 as compared to $0.78 in the prior year period. Income from continuing operations was $118,026,000 against $60,022,000 a year ago. Income from continuing operations before income taxes was $163,444,000 against $83,014,000 a year ago. For fourth quarter, Net broadcast revenues from continuing operations, before barter, are expected to be approximately $533.7 million to $536.4 million, up 39.6% to 40.3% year-over-year. Depreciation on property and equipment is expected to be approximately $26.2 million. Net interest expense is expected to be approximately $46.4 million. The company's effective tax rate is expected to be approximately 36.4%. Capital expenditures are expected to be approximately $17.9 million. EBITDA in the fourth quarter expects to be approximately $236 million to $238 million, an increase of 52% to 53%. Free cash flow in the quarter is expected to be approximately $126 million to $128 million. For full year, Net broadcast revenues from continuing operations, before barter, are expected to be approximately $1,759.8 million to $1,762.5 million, up 44.5% to 44.8% year-over-year. Depreciation on property and equipment is expected to be approximately $101.1 million. Net interest expense is expected to be approximately $173.8 million. The company's effective tax rate is expected to be approximately 31.0%. Capital expenditures are expected to be $76.0 million. For the full year 2014, expect EBITDA to be approximately $699 million to $702 million, an increase of 49% from 2013. And on a pro forma basis, expect 2014 EBITDA to be $796 million to $798 million as compared to $705 million pro forma 2013. Free cash flow in is expected to be approximately $362 million to $365 million for the full year 2014. On a pro forma basis, expect 2014 free cash flow to be approximately $408 million to $410 million or $4.25 per share as compared to 2013 pro forma free cash flow of $367 million.

 

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Industry Analysis

SBTA

Industry Average

Valuation SBTA Industry Range
Price/Earnings 24.9x
Price/Sales 1.6x
Price/Book 7.7x
Price/Cash Flow 8.8x
TEV/Sales NM Not Meaningful
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