Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2.3% Yield
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Sinclair Broadcast Group (SBGI) Misses Q3 EPS by 9c, Offers Outlook
November 1, 2017 7:35 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.30, $0.09 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $670.9 million versus the consensus estimate of $673.59 million.
Fourth Quarter 2017
Media revenues, before barter, are expected to be approximately $682.3 million to $684.3 million, down 5.8% to 6.1% year-over-year due to the absence of political revenues in a non-presidential election year.Embedded in the 2017 anticipated results are approximately $10.0 million in political revenues as compared to $113.2 million... MoreU.S. regulator approves CenturyLink's $24 billion Level 3 acquisition
October 30, 2017 9:22 PM EDTBy David Shepardson
WASHINGTON (Reuters) - Telecommunications provider CenturyLink Inc (NYSE: CTL) on Monday won anti-trust approval from the U.S. Federal Communications Commission for its purchase of Level 3 Communications Inc (NYSE: LVLT), the agency said.
With the $24 billion deal, CenturyLink said it is seeking to expand its reach in the business communications market and compete with AT&T Inc (NYSE: T) and Verizon Communications Inc (NYSE: VZ). CenturyLink said in a statement it had... More
FBR Capital Starts Sinclair Broadcasting (SBGI) at Buy
October 30, 2017 5:30 PM EDTFBR Capital initiates coverage on Sinclair Broadcasting (NASDAQ: SBGI) with a Buy rating and a price target of $43.00.
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 $31.00 Friday.
... More