Sinclair, Inc. (NASDAQ:SBGI) Receives $19.00 Average PT from Analysts

Sinclair, Inc. (NASDAQ:SBGI) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.00.

Several brokerages recently weighed in 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 note on Thursday, August 7th. Wall Street Zen upgraded Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings upgraded shares of Sinclair from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, November 25th. Guggenheim lifted their target price on shares of Sinclair from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Zacks Research raised shares of Sinclair from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th.

Hedge Funds Weigh In On Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its position in Sinclair by 7.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company’s stock worth $64,069,000 after acquiring an additional 302,160 shares during the period. Capital Management Corp VA raised its stake in shares of Sinclair by 6.2% in the third quarter. Capital Management Corp VA now owns 1,655,050 shares of the company’s stock worth $24,991,000 after purchasing an additional 97,226 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Sinclair by 9.4% during the third quarter. Gabelli Funds LLC now owns 1,191,313 shares of the company’s stock worth $17,989,000 after purchasing an additional 102,759 shares during the period. Geode Capital Management LLC boosted its position in Sinclair by 15.3% in the second quarter. Geode Capital Management LLC now owns 971,689 shares of the company’s stock valued at $13,431,000 after buying an additional 129,277 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Sinclair by 65.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 717,007 shares of the company’s stock worth $11,422,000 after buying an additional 282,400 shares during the period. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Sinclair Trading Down 3.0%

NASDAQ:SBGI opened at $15.29 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.42 and a beta of 1.30. Sinclair has a 52 week low of $11.89 and a 52 week high of $18.45. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 13.93. The firm has a 50 day moving average of $14.58 and a 200 day moving average of $14.27.

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

Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 dividend yield of 6.5%. Sinclair’s payout ratio is -161.29%.

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.