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

Sinclair (NASDAQ:SBGI) released its earnings results on Wednesday. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.62, Zacks reports. 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 Performance

SBGI stock traded down $0.18 during midday trading on Wednesday, reaching $14.45. 210,414 shares of the company were exchanged, compared to its average volume of 201,433. The firm has a market capitalization of $959.78 million, a price-to-earnings ratio of -4.38 and a beta of 1.55. The business has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $15.59. Sinclair has a one year low of $11.13 and a one year 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.

Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.92%. The ex-dividend date was Monday, December 2nd. Sinclair’s dividend payout ratio is -30.30%.

Analyst Upgrades and Downgrades

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

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.