Sinclair (NASDAQ:SBGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sinclair (NASDAQ:SBGI) from a sell rating to a hold rating in a research note published on Saturday morning.

SBGI has been the topic of several other research reports. Zacks Research lowered shares of Sinclair from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Wells Fargo & Company cut their price target on shares of Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Sinclair in a research report on Wednesday, October 8th. Guggenheim decreased their price objective on shares of Sinclair from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. Finally, Benchmark lowered their price objective on shares of Sinclair from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.75.

Sinclair Stock Performance

SBGI opened at $16.45 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 13.93. The firm has a market cap of $1.15 billion, a PE ratio of 19.82 and a beta of 1.30. The business has a fifty day simple moving average of $13.97 and a 200-day simple moving average of $14.19. Sinclair has a fifty-two week low of $11.89 and a fifty-two week high of $18.45.

Sinclair (NASDAQ:SBGI) last announced its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.63. Sinclair had a return on equity of 12.51% and a net margin of 1.44%.The business had revenue of $773.00 million during the quarter, compared to the consensus estimate of $766.78 million. During the same period in the prior year, the business posted $1.43 earnings per share. Sinclair’s revenue was down 15.7% compared to the same quarter last year. Sinclair has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Sinclair will post 4.24 EPS for the current fiscal year.

Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, December 1st. Sinclair’s dividend payout ratio is currently -161.29%.

Hedge Funds Weigh In On Sinclair

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in shares of Sinclair by 142.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock worth $25,000 after acquiring an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Sinclair by 175.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock valued at $41,000 after purchasing an additional 1,882 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Sinclair in the 2nd quarter worth about $54,000. Ameritas Investment Partners Inc. raised its stake in shares of Sinclair by 26.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock worth $55,000 after purchasing an additional 820 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Sinclair during the 1st quarter worth about $58,000. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

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.