Sinclair (NASDAQ:SBGI - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.62, Zacks reports. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.01 billion. Sinclair updated its Q1 2025 guidance to EPS.
Sinclair Trading Up 4.7 %
SBGI traded up $0.65 on Friday, hitting $14.52. The company had a trading volume of 318,129 shares, compared to its average volume of 212,395. The firm has a market cap of $964.43 million, a P/E ratio of -4.40 and a beta of 1.55. Sinclair has a 1 year low of $11.13 and a 1 year high of $18.45. The company's fifty day moving average price is $15.22 and its 200 day moving average price is $15.62. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73.
Sinclair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.00 annualized dividend and a yield of 6.89%. Sinclair's dividend payout ratio (DPR) is currently -30.30%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. 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 note on Tuesday, November 12th. Guggenheim lifted their target price on shares of Sinclair from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Sinclair from a "hold" rating to a "buy" rating in a research note on Wednesday. Benchmark reaffirmed a "buy" rating and set a $30.00 target price on shares of Sinclair in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their target price on shares of Sinclair from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sinclair presently has an average rating of "Hold" and a consensus price target of $19.70.
Read Our Latest Report on Sinclair
Sinclair Company Profile
(
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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.
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