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

Sinclair (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.62, Zacks reports. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. Sinclair updated its Q1 2025 guidance to EPS.

Sinclair Stock Down 5.1 %

SBGI stock opened at $13.72 on Thursday. Sinclair has a 12 month low of $11.13 and a 12 month high of $18.45. The company has a debt-to-equity ratio of 11.73, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $910.96 million, a price-to-earnings ratio of -4.11 and a beta of 1.55. The company has a fifty day moving average price of $15.30 and a 200 day moving average price of $15.58.

Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.29%. Sinclair’s dividend payout ratio (DPR) is presently -30.30%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SBGI shares. Wells Fargo & Company decreased their price target on shares of Sinclair from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday. Guggenheim increased their price objective on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sinclair in a report on Tuesday, January 28th. StockNews.com upgraded shares of Sinclair from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sinclair has a consensus rating of “Hold” and an average price target of $19.70.

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.