Sinclair (SBGI) Expected to Announce Earnings on Wednesday

Sinclair (NASDAQ:SBGI) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Sinclair to post earnings of $1.99 per share and revenue of $1.01 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sinclair Trading Down 2.1 %

NASDAQ SBGI opened at $14.50 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 11.73. Sinclair has a 52 week low of $11.13 and a 52 week high of $18.45. The stock has a market capitalization of $963.10 million, a PE ratio of -4.39 and a beta of 1.55. The firm has a 50 day moving average of $15.42 and a two-hundred day moving average of $15.55.

Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Monday, December 2nd. Sinclair’s payout ratio is -30.30%.

Analyst Upgrades and Downgrades

SBGI has been the subject of a number of research analyst reports. Wells Fargo & Company raised Sinclair from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $13.00 to $19.00 in a research report on Thursday, November 7th. Guggenheim increased their target price on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and set a $30.00 price objective on shares of Sinclair in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sinclair has an average rating of “Hold” and an average target price of $20.10.

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.