Analysts Set Sinclair, Inc. (NASDAQ:SBGI) PT at $20.10

Sinclair, Inc. (NASDAQ:SBGI) has earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.10.

A number of equities analysts have recently issued reports on the company. Guggenheim raised their price target on Sinclair from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Rosenblatt Securities lifted their target price on Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company upgraded Sinclair from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $13.00 to $19.00 in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Benchmark lifted their target price on Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, September 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBGI. EntryPoint Capital LLC grew its position in Sinclair by 37.2% in the first quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after acquiring an additional 1,085 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Sinclair by 2.4% in the first quarter. Gamco Investors INC. ET AL now owns 3,591,266 shares of the company’s stock worth $48,374,000 after acquiring an additional 85,070 shares in the last quarter. Gabelli Funds LLC grew its position in Sinclair by 1.0% in the first quarter. Gabelli Funds LLC now owns 1,188,000 shares of the company’s stock worth $16,002,000 after acquiring an additional 11,200 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Sinclair by 52.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 114,864 shares of the company’s stock valued at $1,549,000 after buying an additional 39,624 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Sinclair during the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Sinclair Stock Performance

Shares of SBGI opened at $18.05 on Tuesday. The business’s fifty day simple moving average is $16.29 and its two-hundred day simple moving average is $14.45. 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 has a 12 month low of $11.13 and a 12 month high of $18.27. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -5.47, a P/E/G ratio of 0.15 and a beta of 1.53.

Sinclair (NASDAQ:SBGI) last issued its earnings results on Wednesday, November 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.89 by $0.54. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $923.02 million. During the same period last year, the business posted ($0.30) EPS. The company’s revenue was up 19.6% compared to the same quarter last year. Research analysts anticipate that Sinclair will post 4.24 earnings per share for the current fiscal year.

Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 5.54%. Sinclair’s dividend payout ratio (DPR) is -30.30%.

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.