Sinclair, Inc. (NASDAQ:SBGI) Receives Consensus Rating of “Hold” from Analysts

Shares of Sinclair, Inc. (NASDAQ:SBGI) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.10.

A number of equities analysts recently weighed in on SBGI shares. Benchmark increased their price target on Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lifted their target price 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. StockNews.com upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Rosenblatt Securities increased their price objective on Sinclair from $16.40 to $16.50 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, Guggenheim lifted their target price on shares of Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in Sinclair during the third quarter valued at approximately $1,605,000. Verition Fund Management LLC acquired a new position in Sinclair in the 3rd quarter valued at $822,000. Empyrean Capital Partners LP bought a new position in Sinclair in the 2nd quarter worth $2,873,000. Alden Global Capital LLC lifted its position in Sinclair by 10.5% during the 2nd quarter. Alden Global Capital LLC now owns 1,225,868 shares of the company’s stock worth $16,341,000 after acquiring an additional 116,074 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in Sinclair during the second quarter valued at about $1,552,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Sinclair Stock Down 0.3 %

SBGI stock opened at $16.08 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of -4.87, a P/E/G ratio of 0.15 and a beta of 1.55. Sinclair has a 12 month low of $11.13 and a 12 month high of $18.45. The company has a debt-to-equity ratio of 11.73, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a 50 day simple moving average of $17.07 and a 200 day simple moving average of $14.94.

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

Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. 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 6.22%. Sinclair’s dividend payout ratio is currently -30.30%.

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.