Sinclair (SBGI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SBGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares.
View SBGI analyst ratings or view top-rated stocks.

6 analysts have issued 1-year target prices for Sinclair's stock. Their SBGI share price forecasts range from $13.50 to $50.00. On average, they predict the company's share price to reach $22.75 in the next year. This suggests a possible upside of 96.6% from the stock's current price.
View analysts price targets for SBGI or view top-rated stocks among Wall Street analysts.

Sinclair's stock was trading at $15.51 at the start of the year. Since then, SBGI stock has decreased by 25.4% and is now trading at $11.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SBGI earnings forecast.

Sinclair, Inc. (NASDAQ:SBGI) announced its earnings results on Wednesday, August, 2nd. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by $0.51. The business had revenue of $768 million for the quarter, compared to analyst estimates of $765.72 million. Sinclair had a net margin of 5.14% and a trailing twelve-month return on equity of 29.58%.

Sinclair declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.25 per share on Friday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for SBGI.

ETFs with the largest weight of Sinclair (NASDAQ:SBGI) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), WBI Power Factor High Dividend ETF (WBIY) and Invesco Bloomberg MVP Multi-factor ETF (PWC).Royce Quant Small-Cap Quality Value ETF (SQLV).

Sinclair (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 8.64%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBGI will have a dividend payout ratio of 24.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBGI.

Sinclair issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $677.00 million-$694.00 million, compared to the consensus revenue estimate of $772.49 million.

133 employees have rated Sinclair Chief Executive Officer Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among the company's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair investors own include Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT).

Sinclair trades on the NASDAQ under the ticker symbol "SBGI."

Sinclair's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (5.46%), Gamco Investors INC. ET AL (5.45%), BlackRock Inc. (4.21%), Dimensional Fund Advisors LP (2.85%), Capital Management Corp VA (2.25%) and Gabelli Funds LLC (2.07%). Insiders that own company stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, J Duncan Smith, Jeffrey Edward Lewis, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson.
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Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBGI stock can currently be purchased for approximately $11.57.

Sinclair (NASDAQ:SBGI) has a market capitalization of $733.77 million and generates $3.93 billion in revenue each year. The company earns $2.65 billion in net income (profit) each year or $2.37 on an earnings per share basis.

The company employs 7,900 workers across the globe.

Sinclair's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The official website for the company is www.sbgi.net. The company can be reached via phone at (410) 568-1500 or via fax at 410-568-1533.