Sinclair, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:SBGI)

Sinclair, Inc. (NASDAQ:SBGI) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, December 1st will be given a dividend of 0.25 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, December 1st.

Sinclair has raised its dividend by an average of 0.0%annually over the last three years. Sinclair has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sinclair to earn ($0.02) per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of -5,000.0%.

Sinclair Trading Up 2.0%

SBGI stock opened at $13.63 on Thursday. Sinclair has a 1-year low of $11.89 and a 1-year high of $18.45. The company has a debt-to-equity ratio of 13.93, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $949.29 million, a price-to-earnings ratio of 16.42 and a beta of 1.30. The business has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $14.14.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.63. The business had revenue of $773.00 million during the quarter, compared to the consensus estimate of $766.78 million. Sinclair had a return on equity of 12.51% and a net margin of 1.44%.The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Sinclair has set its Q4 2025 guidance at EPS. Research analysts anticipate that Sinclair will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SBGI shares. Guggenheim decreased their price objective on Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Wells Fargo & Company decreased their price objective on Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Benchmark decreased their price objective on Sinclair from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Zacks Research cut Sinclair from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sinclair in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Sinclair currently has an average rating of “Hold” and an average price target of $18.75.

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.