Sinclair (SBGI) to Release Quarterly Earnings on Wednesday

Sinclair (NASDAQ:SBGI) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.99 per share and revenue of $1.01 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sinclair Price Performance

NASDAQ:SBGI opened at $14.91 on Wednesday. The firm’s fifty day moving average is $15.66 and its two-hundred day moving average is $15.52. The firm has a market cap of $990.34 million, a price-to-earnings ratio of -4.52 and a beta of 1.55. The company has a debt-to-equity ratio of 11.73, a quick ratio of 1.91 and a current ratio of 1.91. Sinclair has a one year low of $11.13 and a one year high of $18.45.

Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.71%. Sinclair’s payout ratio is -30.30%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Guggenheim boosted their price target on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Benchmark reiterated a “buy” rating and issued a $30.00 target price on shares of Sinclair in a research note on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Sinclair from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $13.00 to $19.00 in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.10.

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.