Sinclair (NASDAQ:SBGI) Issues Quarterly Earnings Results, Beats Expectations By $0.63 EPS

Sinclair (NASDAQ:SBGI) issued its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.63, Zacks reports. Sinclair had a net margin of 1.44% and a return on equity of 12.51%. The company had revenue of $773.00 million during the quarter, compared to analysts’ expectations of $766.78 million. During the same period last year, the business earned $1.43 EPS. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Sinclair updated its Q4 2025 guidance to EPS.

Sinclair Price Performance

Shares of SBGI stock traded up $0.34 during trading hours on Friday, reaching $16.41. The company had a trading volume of 1,372,803 shares, compared to its average volume of 437,728. Sinclair has a 12-month low of $11.89 and a 12-month high of $18.45. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.77 and a beta of 1.30. The stock has a fifty day moving average of $13.89 and a 200-day moving average of $14.16. The company has a debt-to-equity ratio of 13.93, a quick ratio of 1.89 and a current ratio of 1.89.

Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, December 1st. Sinclair’s dividend payout ratio (DPR) is currently 120.48%.

Hedge Funds Weigh In On Sinclair

Hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. acquired a new position in Sinclair in the second quarter valued at about $2,292,000. Bank of America Corp DE lifted its holdings in shares of Sinclair by 156.6% in the 2nd quarter. Bank of America Corp DE now owns 160,009 shares of the company’s stock worth $2,211,000 after acquiring an additional 97,647 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sinclair by 239.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 105,490 shares of the company’s stock worth $1,593,000 after purchasing an additional 74,415 shares during the period. Squarepoint Ops LLC boosted its position in shares of Sinclair by 109.4% during the 2nd quarter. Squarepoint Ops LLC now owns 131,784 shares of the company’s stock worth $1,821,000 after purchasing an additional 68,857 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in Sinclair by 92.1% in the 2nd quarter. Engineers Gate Manager LP now owns 119,285 shares of the company’s stock valued at $1,649,000 after purchasing an additional 57,198 shares during the last quarter. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBGI has been the subject of several research analyst reports. Benchmark reduced their target price on shares of Sinclair from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sinclair in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Sinclair from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, August 7th. Guggenheim dropped their target price on shares of Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Finally, Zacks Research cut shares of Sinclair from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.75.

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.