Sinclair (SBGI) Scheduled to Post Quarterly Earnings on Wednesday

Sinclair (NASDAQ:SBGI) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Sinclair to post earnings of $0.89 per share for the quarter. Sinclair has set its Q3 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sinclair (NASDAQ:SBGI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.40. Sinclair had a positive return on equity of 22.55% and a negative net margin of 10.78%. The firm had revenue of $829.00 million during the quarter, compared to the consensus estimate of $836.65 million. During the same period in the prior year, the company posted ($1.09) earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year.

Sinclair Stock Up 1.4 %

SBGI stock opened at $17.06 on Wednesday. The stock has a market cap of $1.13 billion, a P/E ratio of -3.12, a PEG ratio of 0.14 and a beta of 1.55. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 14.93. Sinclair has a twelve month low of $10.11 and a twelve month high of $17.98. The company’s 50 day moving average is $15.10 and its two-hundred day moving average is $13.92.

Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 5.86%. Sinclair’s dividend payout ratio is currently -18.28%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SBGI shares. StockNews.com upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Benchmark lifted their price target on Sinclair from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Rosenblatt Securities boosted their price objective on Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.88.

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.