Sinclair (NASDAQ:SBGI) Price Target Raised to $17.00

Sinclair (NASDAQ:SBGI) had its target price boosted by Wells Fargo & Company from $16.00 to $17.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sinclair in a research report on Monday, December 29th. Wall Street Zen upgraded Sinclair from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Zacks Research raised Sinclair from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Guggenheim boosted their target price on shares of Sinclair from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Benchmark upped their price target on shares of Sinclair from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Sinclair Stock Up 0.3%

Shares of Sinclair stock opened at $16.34 on Thursday. Sinclair has a one year low of $11.89 and a one year high of $17.88. The company has a market cap of $1.14 billion, a P/E ratio of -9.73 and a beta of 0.96. The company has a debt-to-equity ratio of 14.77, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a fifty day moving average of $14.89 and a two-hundred day moving average of $14.70.

Sinclair (NASDAQ:SBGI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $840.25 million. Sinclair had a negative net margin of 3.53% and a negative return on equity of 67.24%. The business’s revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 earnings per share. On average, analysts forecast that Sinclair will post 4.24 earnings per share for the current year.

Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.00 annualized dividend and a dividend yield of 6.1%. Sinclair’s payout ratio is currently -59.52%.

Insider Activity at Sinclair

In other Sinclair news, Director Howard E. Friedman sold 14,713 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.11, for a total transaction of $222,313.43. Following the completion of the transaction, the director directly owned 77,685 shares in the company, valued at approximately $1,173,820.35. This trade represents a 15.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David B. Gibber sold 29,376 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $16.67, for a total transaction of $489,697.92. Following the completion of the sale, the executive vice president owned 165,272 shares in the company, valued at $2,755,084.24. This represents a 15.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 50,637 shares of company stock valued at $815,535. Insiders own 41.90% of the company’s stock.

Hedge Funds Weigh In On Sinclair

Several hedge funds have recently bought and sold shares of SBGI. Geneos Wealth Management Inc. lifted its position in shares of Sinclair by 142.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock valued at $25,000 after acquiring an additional 1,065 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in Sinclair in the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC lifted its holdings in Sinclair by 175.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock valued at $41,000 after purchasing an additional 1,882 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Sinclair during the 3rd quarter worth about $48,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sinclair during the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Key Sinclair News

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Q4 EPS beat and advertising strength — Sinclair reported $0.04 EPS, topping estimates, and management highlighted strong core ad growth (including outperformance at Tennis Channel). Earnings Highlights
• Positive Sentiment: Dividend announced — Board declared a $0.25 quarterly dividend (6.1% yield annualized), with record/ex‑dividend dates in March; yield makes the stock more attractive to income investors.
• Positive Sentiment: Analyst bullishness — Benchmark raised its PT to $30 and maintained a Buy rating; Wells Fargo raised its PT to $17 (Equal Weight). These raises and the Seeking Alpha upgrade to Buy add upward valuation pressure. Analyst Notes
• Neutral Sentiment: Q4 characterized as broadly in line — several outlets framed the quarter as roughly in line with expectations despite the EPS beat, tempering the market reaction. Q4 In Line
• Neutral Sentiment: FY‑2026 guidance — Sinclair updated FY‑2026 revenue guidance to roughly $3.4–$3.5B, slightly under consensus; EPS guidance was not clearly restated in public summaries, leaving some uncertainty. Press Release / Slide Deck
• Negative Sentiment: Revenue decline and weak profitability — Q4 revenue fell ~16.7% YoY to $836M, and the company reported a negative net margin (~‑3.5%) and negative ROE, which are clear headwinds for valuation. Earnings Release
• Negative Sentiment: High leverage — analysts note elevated net leverage (~5.3x). Management cites no material maturities until 2029 and plans to prioritize deleveraging, but leverage remains a risk until reduced. Analysis / Upgrade

Sinclair Company Profile

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.