Brokerages Set Sinclair, Inc. (NASDAQ:SBGI) Price Target at $20.10

Sinclair, Inc. (NASDAQ:SBGI) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $20.10.

A number of brokerages have issued reports on SBGI. JPMorgan Chase & Co. raised their target price on shares of Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Benchmark raised their price target on shares of Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Guggenheim raised their price target on shares of Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities raised their price target on shares of Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research note on Friday, September 20th.

Sinclair Stock Performance

Shares of SBGI stock opened at $17.17 on Tuesday. The company has a debt-to-equity ratio of 11.73, a quick ratio of 1.91 and a current ratio of 1.91. Sinclair has a one year low of $11.13 and a one year high of $18.20. The company’s 50-day simple moving average is $16.06 and its 200-day simple moving average is $14.37. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -5.00, a PEG ratio of 0.15 and a beta of 1.53.

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

Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, December 2nd. Sinclair’s dividend payout ratio (DPR) is currently -30.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new position in Sinclair in the 2nd quarter worth $28,000. GAMMA Investing LLC raised its holdings in Sinclair by 81.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock worth $35,000 after acquiring an additional 1,026 shares during the period. Harbor Capital Advisors Inc. bought a new position in Sinclair in the 3rd quarter worth $39,000. EntryPoint Capital LLC raised its holdings in Sinclair by 37.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after acquiring an additional 1,085 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Sinclair by 1,039.0% in the 2nd quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock worth $62,000 after acquiring an additional 4,239 shares during the period. Institutional investors own 41.71% of the company’s stock.

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.