Sinclair, Inc. (NASDAQ:SBGI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Sinclair, with one sell, three hold and two buy recommendations. The average 12-month price target is $19.40, compared with a recent share price of $12.74.
• Sinclair reported a quarterly loss of $1.06 per share, missing analyst expectations by $0.82, although revenue rose 7.1% year over year to $840 million.
• The company pays a quarterly dividend of $0.25, equal to a 7.8% annualized yield, but its 133.33% payout ratio raises questions about dividend sustainability.

Sinclair, Inc. (NASDAQ:SBGI - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.40.

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Sinclair from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Sinclair from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, August 21st. Zacks Research raised shares of Sinclair from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, Weiss Ratings upgraded shares of Sinclair from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th.

Sinclair Stock Down 1.0%

Shares of Sinclair stock opened at $12.74 on Friday. Sinclair has a 1-year low of $12.46 and a 1-year high of $17.88. The company has a market capitalization of $921.36 million, a PE ratio of 16.99 and a beta of 1.05. The company has a debt-to-equity ratio of 13.28, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50-day moving average of $13.93 and a 200-day moving average of $14.13.

Sinclair (NASDAQ:SBGI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.82). Sinclair had a negative return on equity of 16.09% and a net margin of 1.60%.The business had revenue of $840.00 million during the quarter, compared to analyst estimates of $838.99 million. During the same quarter last year, the firm posted ($0.91) EPS. The company's revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Sinclair will post 1.01 EPS for the current fiscal year.

Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 31st. Sinclair's dividend payout ratio is 133.33%.

Insider Transactions at Sinclair

In related news, EVP David B. Gibber sold 29,246 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $13.74, for a total value of $401,840.04. Following the completion of the sale, the executive vice president directly owned 184,244 shares of the company's stock, valued at $2,531,512.56. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Keith sold 17,000 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $15.02, for a total value of $255,340.00. Following the completion of the sale, the director directly owned 25,122 shares of the company's stock, valued at approximately $377,332.44. This represents a 40.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 46,446 shares of company stock worth $659,880. Company insiders own 42.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in shares of Sinclair in the 4th quarter valued at approximately $32,000. Public Employees Retirement System of Ohio bought a new position in Sinclair during the second quarter worth $100,000. Waverly Advisors LLC acquired a new position in Sinclair in the first quarter worth $157,000. Empowered Funds LLC acquired a new position in Sinclair in the first quarter worth $191,000. Finally, Inceptionr LLC increased its stake in Sinclair by 46.3% during the first quarter. Inceptionr LLC now owns 17,025 shares of the company's stock valued at $220,000 after purchasing an additional 5,385 shares during the last quarter. Institutional investors own 41.71% of the company's stock.

Sinclair Company Profile

Sinclair, Inc NASDAQ: SBGI is a diversified media company focused primarily on local television broadcasting in the United States. Through its television stations, the company provides local news, weather, sports, entertainment and syndicated programming to audiences in markets across the country.

Sinclair also develops and distributes content through national and regional networks, digital platforms and streaming services. Its portfolio has included sports-focused programming, news and information services, and digital products designed to extend the reach of its broadcast content across connected televisions, websites and mobile devices.

The company was founded in 1986 by David D.

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