Sinclair (NASDAQ:SBGI - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Sinclair to post 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 Trading Down 2.1 %
NASDAQ SBGI traded down $0.31 during trading hours on Friday, hitting $14.50. 183,829 shares of the company's stock were exchanged, compared to its average volume of 167,756. The business's 50 day moving average is $15.48 and its 200-day moving average is $15.52. 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 12-month low of $11.13 and a 12-month high of $18.45. The firm has a market capitalization of $963.09 million, a P/E ratio of -4.39 and a beta of 1.55.
Sinclair Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 6.90%. Sinclair's payout ratio is currently -30.30%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on SBGI shares. Wells Fargo & Company upgraded shares of Sinclair from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $13.00 to $19.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of Sinclair from $14.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a "buy" rating and issued a $30.00 target price on shares of Sinclair in a research report on Tuesday, January 28th. Finally, Guggenheim boosted their price target on Sinclair from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.10.
Check Out Our Latest Research 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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