Today, the Exec. VP & General Counsel of Sinclair Broadcast (SBGI), Barry Faber, sold shares of SBGI for $587.2K.
Following Barry Faber’s last SBGI Sell transaction on May 20, 2014, the stock climbed by 9.7%.
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Based on Sinclair Broadcast’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $893 million and quarterly net profit of $206 million. In comparison, last year the company earned revenue of $734 million and had a net profit of $444 million. SBGI’s market cap is $3.42B and the company has a P/E ratio of 10.58. Currently, Sinclair Broadcast has an average volume of 801.7K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41.00, reflecting a 12.6% upside.
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Sinclair Broadcast Group, Inc. is a television broadcasting company, which engages in the provision of content on local television stations and digital and other platforms. It operates through Broadcast segment. The Broadcast segment provides free over-the-air programming to television viewing audiences in the communities through local television stations.
