Sinclair (SBGI) to Release Earnings on Wednesday

Sinclair (NASDAQ:SBGI - Get Free Report) is expected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Sinclair to post earnings of ($1.58) per share and revenue of $774.79 million for the quarter. Sinclair has set its Q1 2025 guidance at EPS.

Sinclair (NASDAQ:SBGI - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $1.99 by $0.62. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.01 billion. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. On average, analysts expect Sinclair to post $4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sinclair Price Performance

NASDAQ:SBGI traded down $0.17 during mid-day trading on Monday, reaching $15.16. The stock had a trading volume of 103,535 shares, compared to its average volume of 358,787. Sinclair has a 12 month low of $11.13 and a 12 month high of $18.46. The stock has a market capitalization of $1.01 billion, a PE ratio of -4.60 and a beta of 1.29. The company has a debt-to-equity ratio of 11.73, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a 50-day simple moving average of $14.73 and a two-hundred day simple moving average of $15.65.

Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.25 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.00 annualized dividend and a dividend yield of 6.60%. Sinclair's payout ratio is 21.46%.

Insiders Place Their Bets

In other Sinclair news, Chairman David D. Smith acquired 63,073 shares of Sinclair stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of $12.91 per share, with a total value of $814,272.43. Following the completion of the purchase, the chairman now directly owns 1,526,029 shares in the company, valued at $19,701,034.39. This trade represents a 4.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired 458,530 shares of company stock valued at $6,636,392 in the last ninety days. 46.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SBGI. Wells Fargo & Company decreased their target price on Sinclair from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Benchmark reiterated a "buy" rating and set a $30.00 price objective on shares of Sinclair in a research report on Tuesday, January 28th. Guggenheim dropped their price objective on shares of Sinclair from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, StockNews.com cut shares of Sinclair from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.30.

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.