Sinclair (NASDAQ:SBGI) Issues Earnings Results

Sinclair (NASDAQ:SBGI) released its quarterly earnings results on Wednesday. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.62, Zacks reports. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. Sinclair updated its Q1 2025 guidance to EPS.

Sinclair Stock Down 1.2 %

Sinclair stock traded down $0.18 during midday trading on Wednesday, reaching $14.45. The stock had a trading volume of 210,414 shares, compared to its average volume of 201,433. The company has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $15.59. Sinclair has a 12 month low of $11.13 and a 12 month high of $18.45. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. The company has a market capitalization of $959.78 million, a P/E ratio of -4.38 and a beta of 1.55.

Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.92%. Sinclair’s dividend payout ratio (DPR) is presently -30.30%.

Wall Street Analyst Weigh In

SBGI has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Sinclair from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $13.00 to $19.00 in a research report on Thursday, November 7th. Guggenheim increased their price target on Sinclair from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and set a $30.00 target price on shares of Sinclair in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.10.

About Sinclair

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.