Sinclair (SBGI) Projected to Post Quarterly 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 the company to announce 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 posted its quarterly earnings data on Wednesday, February 26th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.62. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. 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 up $0.72 during mid-day trading on Friday, reaching $15.32. 389,038 shares of the stock were exchanged, compared to its average volume of 358,953. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. The business has a fifty day moving average price of $14.73 and a 200 day moving average price of $15.68. Sinclair has a 1-year low of $11.13 and a 1-year high of $18.46. The firm has a market capitalization of $1.02 billion, a PE ratio of -4.64 and a beta of 1.29.

Sinclair Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, March 10th. This represents a $1.00 annualized dividend and a dividend yield of 6.53%. Sinclair's dividend payout ratio is currently 21.46%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Sinclair news, Chairman David D. Smith bought 4,616 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $16.44 per share, for a total transaction of $75,887.04. Following the acquisition, the chairman now directly owns 972,205 shares of the company's stock, valued at approximately $15,983,050.20. This trade represents a 0.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 458,530 shares of company stock worth $6,636,392. 46.60% of the stock is currently owned by company insiders.

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.