Sinclair Reports Third Quarter 2018 Financial Results
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Sinclair Broadcasting (SBGI) PT Raised to $38 at RBC Capital
November 8, 2018 7:33 AM ESTRBC Capital analyst Leo Kulp raised the price target on Sinclair Broadcasting (NASDAQ: SBGI) to $38.00 (from $34.00) while maintaining a Outperform rating.
Kulp commented, "SBGI posted strong 3Q results, 4Q guidance, and 2018/19 FCF guidance. Management has redeployed capital to shareholders, repurchasing 5% of the... More
Sinclair Broadcast Group (SBGI) Q3 Revenue Tops Views
November 7, 2018 7:08 AM ESTSinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.62, $0.62 better than the analyst estimate of $0.00. Revenue for the quarter came in at $766.3 million versus the consensus estimate of $752.2 million.
Fourth Quarter 2018
Media revenues are expected to be approximately $835 million to $847 million, up 20.5% to 22.2% year-over-year. Embedded in the anticipated 2018 results are:Approximately $145 million to $148 million in political revenues as compared to $16 million in the fourth quarter of 2017.$339 million of distribution revenues as compared... More