Sinclair (SBGI) Expected to Announce Earnings on Wednesday

Sinclair (NASDAQ:SBGI) is expected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.99 per share and revenue of $1.01 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Sinclair Stock Performance

SBGI opened at $14.50 on Monday. Sinclair has a twelve month low of $11.13 and a twelve month high of $18.45. The stock has a market cap of $963.10 million, a PE ratio of -4.39 and a beta of 1.55. The business’s 50 day moving average is $15.42 and its 200-day moving average is $15.55. 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 declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. 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 dividend payout ratio is currently -30.30%.

Wall Street Analysts Forecast Growth

SBGI has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Sinclair from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $13.00 to $19.00 in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and set a $30.00 target price on shares of Sinclair in a research report on Tuesday, January 28th. Guggenheim upped their price objective on shares of Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.