Sinclair (NASDAQ:SBGI) Announces Earnings Results, Beats Estimates By $0.62 EPS

Sinclair (NASDAQ:SBGI) issued its earnings results on Wednesday. The company reported $2.61 EPS for the quarter, beating the consensus estimate 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%. Sinclair updated its Q1 2025 guidance to EPS.

Sinclair Stock Down 1.2 %

Sinclair stock traded down $0.18 during midday trading on Wednesday, reaching $14.45. The stock had a trading volume of 210,414 shares, compared to its average volume of 201,433. The stock has a market capitalization of $959.78 million, a P/E ratio of -4.38 and a beta of 1.55. The firm’s fifty day simple moving average is $15.33 and its 200-day simple moving average is $15.59. 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 1-year low of $11.13 and a 1-year high of $18.45.

Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.92%. Sinclair’s payout ratio is presently -30.30%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SBGI shares. Wells Fargo & Company upgraded shares of Sinclair from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $13.00 to $19.00 in a research report on Thursday, November 7th. Guggenheim increased their price target on Sinclair from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Benchmark reiterated a “buy” rating and set a $30.00 price objective on shares of Sinclair in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.10.

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.