Sinclair (NASDAQ:SBGI) Price Target Raised to $20.00

Sinclair (NASDAQ:SBGI) had its target price increased by Guggenheim from $19.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

SBGI has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Sinclair in a report on Wednesday, October 8th. Zacks Research cut shares of Sinclair from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Benchmark dropped their price objective on Sinclair from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company decreased their price target on shares of Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.00.

Sinclair Stock Down 1.6%

Sinclair stock opened at $16.08 on Thursday. Sinclair has a twelve month low of $11.89 and a twelve month high of $18.45. The company has a debt-to-equity ratio of 13.93, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $1.12 billion, a PE ratio of 19.37 and a beta of 1.30. The firm’s 50 day moving average price is $14.16 and its two-hundred day moving average price is $14.24.

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 analysts’ consensus estimates of ($0.65) by $0.63. The company 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 business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Sinclair has set its Q4 2025 guidance at EPS. On average, research analysts predict that Sinclair will post 4.24 EPS for the current fiscal year.

Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 6.2%. Sinclair’s dividend payout ratio is currently -161.29%.

Institutional Investors Weigh In On Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in SBGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sinclair by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,082 shares of the company’s stock valued at $304,000 after acquiring an additional 780 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Sinclair by 26.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock worth $55,000 after purchasing an additional 820 shares during the last quarter. Hsbc Holdings PLC lifted its position in Sinclair by 8.4% during the 1st quarter. Hsbc Holdings PLC now owns 11,446 shares of the company’s stock valued at $182,000 after purchasing an additional 884 shares during the period. Kendall Capital Management lifted its position in Sinclair by 3.8% during the 3rd quarter. Kendall Capital Management now owns 26,495 shares of the company’s stock valued at $400,000 after purchasing an additional 965 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Sinclair by 7.8% in the 1st quarter. Cetera Investment Advisers now owns 14,525 shares of the company’s stock valued at $231,000 after purchasing an additional 1,050 shares during the last quarter. 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.