Sinclair (SBGI) Projected to Post Earnings on Wednesday

Sinclair (NASDAQ:SBGI) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.99 per share and revenue of $1.01 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Sinclair Stock Up 4.3 %

Shares of NASDAQ:SBGI opened at $15.13 on Tuesday. Sinclair has a 1-year low of $11.13 and a 1-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. The stock has a market cap of $1.00 billion, a P/E ratio of -4.58 and a beta of 1.55. The firm has a fifty day moving average price of $15.42 and a 200 day moving average price of $15.56.

Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 6.61%. Sinclair’s dividend payout ratio (DPR) is -30.30%.

Analyst Ratings Changes

SBGI has been the topic of several recent research reports. Guggenheim boosted their price target on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Benchmark restated a “buy” rating and set a $30.00 price target on shares of Sinclair in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on shares of Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company raised shares of Sinclair from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $13.00 to $19.00 in a research note on Thursday, November 7th. One equities research 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 MarketBeat.com, Sinclair currently has a consensus rating of “Hold” and a consensus price target of $20.10.

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.