Sinclair, Inc. (NASDAQ:SBGI) Receives $20.10 Average PT from Analysts

Sinclair, Inc. (NASDAQ:SBGI) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.10.

A number of research firms have recently issued reports on SBGI. Guggenheim lifted their price objective on shares of Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company upgraded shares of Sinclair from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $13.00 to $19.00 in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of 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 issued a $30.00 price objective on shares of Sinclair in a report on Tuesday, January 28th.

Sinclair Stock Performance

Shares of SBGI opened at $14.80 on Friday. The firm has a market cap of $983.02 million, a P/E ratio of -4.48 and a beta of 1.55. Sinclair has a twelve month low of $11.13 and a twelve month high of $18.45. The company has a debt-to-equity ratio of 11.73, a quick ratio of 1.91 and a current ratio of 1.91. The firm’s 50 day moving average price is $16.15 and its two-hundred day moving average price is $15.54.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.89 by $0.54. The business had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $923.02 million. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. On average, analysts forecast that Sinclair will post 4.24 EPS for the current fiscal year.

Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Monday, December 2nd. Sinclair’s dividend payout ratio (DPR) is currently -30.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in Sinclair in the 3rd quarter valued at about $1,605,000. Verition Fund Management LLC acquired a new position in shares of Sinclair in the third quarter valued at approximately $822,000. Barclays PLC increased its stake in shares of Sinclair by 378.1% during the third quarter. Barclays PLC now owns 54,229 shares of the company’s stock worth $831,000 after purchasing an additional 42,887 shares during the period. Geode Capital Management LLC lifted its holdings in Sinclair by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 826,949 shares of the company’s stock worth $12,655,000 after purchasing an additional 15,263 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Sinclair during the 3rd quarter worth approximately $2,110,000. Institutional investors own 41.71% of the company’s stock.

Sinclair Company Profile

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.