Sinclair Reports Third Quarter 2016 Financial Results

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Go back to Sinclair Reports Third Quarter 2016 Financial Results

Stephens Upgrades Sinclair Broadcasting (SBGI) to Overweight

November 3, 2016 9:39 AM EDT

Stephens upgraded Sinclair Broadcasting (NASDAQ: SBGI) from Equal Weight to Overweight.

For an analyst ratings summary and ratings history on Sinclair Broadcasting click here. For more ratings news on Sinclair Broadcasting click here.

Shares of Sinclair Broadcasting closed at $24.85 yesterday.

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Sinclair Broadcast Group (SBGI) Misses Q3 EPS by 18c: Issues Light Revenue Outlook

November 2, 2016 7:38 AM EDT

Sinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.54, $0.18 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $693.8 million versus the consensus estimate of $691.67 million.

Executive Changes:

Sinclair Broadcast also announced the following executive promotions and changes which will become effective January 1, 2017:

David Smith from Chairman, President & Chief Executive Officer to Executive Chairman. Mr. Smith will have direct oversight of the development, implementation and globalization of the Next Generation Broadcast Platform (ATSC 3.0) and expansion of our news franchise. Mr. Smith will... More