Sinclair (NASDAQ:SBGI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Sinclair (NASDAQ:SBGI) from a sell rating to a hold rating in a report released on Saturday.

Several other brokerages have also recently issued reports on SBGI. Benchmark dropped their target price on Sinclair from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Guggenheim dropped their target price on Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Zacks Research lowered Sinclair from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sinclair in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their target price on 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.75.

Sinclair Trading Up 2.1%

Shares of SBGI traded up $0.34 during mid-day trading on Friday, reaching $16.41. 1,372,803 shares of the company were exchanged, compared to its average volume of 437,730. The business has a 50 day simple moving average of $13.93 and a two-hundred day simple moving average of $14.17. The company has a debt-to-equity ratio of 13.93, a quick ratio of 1.89 and a current ratio of 1.89. Sinclair has a 52 week low of $11.89 and a 52 week high of $18.45. The stock has a market capitalization of $1.14 billion, a PE ratio of 19.77 and a beta of 1.30.

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

Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 6.1%. Sinclair’s dividend payout ratio is currently -161.29%.

Institutional Trading of Sinclair

A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in Sinclair by 142.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock worth $25,000 after purchasing an additional 1,065 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Sinclair by 175.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock worth $41,000 after acquiring an additional 1,882 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Sinclair in the first quarter valued at about $58,000. Raymond James Financial Inc. bought a new stake in shares of Sinclair during the second quarter worth approximately $54,000. Finally, Ameritas Investment Partners Inc. grew its position in Sinclair by 26.2% during the second quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock worth $55,000 after buying an additional 820 shares in the last quarter. 41.71% of the stock is owned by institutional investors.

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.