Sinclair Reports Fourth Quarter 2018 Financial Results
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Sinclair Broadcasting (SBGI) PT Raised to $41 at RBC Capital
February 28, 2019 6:54 AM ESTRBC Capital analyst Leo Kulp raised the price target on Sinclair Broadcasting (NASDAQ: SBGI) to $41.00 (from $38.00) while maintaining a Outperform rating.
... MoreSinclair Broadcast Group (SBGI) Tops Q4 EPS by 8c, Revenues Beat; Offers 1Q Revenue Outlook
February 27, 2019 7:38 AM ESTSinclair Broadcast Group (NASDAQ: SBGI) reported Q4 EPS of $2.10, $0.08 better than the analyst estimate of $2.02. Revenue for the quarter came in at $893.3 million versus the consensus estimate of $879.99 million.
"We ended 2018 on a very positive note, beating guidance on all financial metrics, with core advertising revenues improving from the first half of the year despite the crowding out effect from having our best mid-term political ad spending election year on record," commented Chris Ripley, President and Chief Executive Officer. "Building on a base of $255 million in political ad spending for 2018 and a number of... More
