Sinclair, Inc. (NASDAQ:SBGI) Receives $20.10 Consensus Target Price from Analysts

Shares of Sinclair, Inc. (NASDAQ:SBGI) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.10.

SBGI has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Guggenheim upped their price objective on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Rosenblatt Securities upped their price objective on Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research note on Friday, September 20th. StockNews.com upgraded Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Benchmark upped their price objective on Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, September 23rd.

Sinclair Stock Performance

SBGI stock opened at $15.65 on Wednesday. The firm has a market cap of $1.04 billion, a PE ratio of -4.74, a P/E/G ratio of 0.15 and a beta of 1.57. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 11.73. The business has a 50 day moving average of $16.84 and a 200-day moving average of $15.39. Sinclair has a 12-month low of $11.13 and a 12-month high of $18.45.

Sinclair (NASDAQ:SBGI) last released its earnings results on Wednesday, November 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.54. The company had revenue of $917.00 million during the quarter, compared to analyst estimates of $923.02 million. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. Sinclair’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.30) earnings per share. As a group, sell-side analysts expect that Sinclair will post 4.24 earnings per share for the current year.

Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 6.39%. Sinclair’s payout ratio is currently -30.30%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Sinclair by 81.6% in the third quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock worth $35,000 after purchasing an additional 1,026 shares during the period. Harbor Capital Advisors Inc. bought a new position in Sinclair in the third quarter valued at $39,000. nVerses Capital LLC increased its stake in Sinclair by 71.4% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $55,000 after acquiring an additional 1,500 shares during the last quarter. Headlands Technologies LLC increased its stake in Sinclair by 1,039.0% in the second quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock valued at $62,000 after acquiring an additional 4,239 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Sinclair in the third quarter valued at $91,000. 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.