Sinclair (NASDAQ:SBGI) Price Target Raised to $30.00

Sinclair (NASDAQ:SBGI) had its price target hoisted by Benchmark from $27.00 to $30.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on SBGI. Weiss Ratings reissued a “hold (c-)” rating on shares of Sinclair in a research note on Monday, December 29th. Zacks Research upgraded shares of Sinclair from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Guggenheim boosted their target price on Sinclair from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Wall Street Zen upgraded Sinclair from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sinclair currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Sinclair Stock Up 0.3%

SBGI opened at $16.34 on Thursday. Sinclair has a 12 month low of $11.89 and a 12 month high of $17.88. The company has a debt-to-equity ratio of 14.77, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market cap of $1.14 billion, a P/E ratio of -9.73 and a beta of 0.96. The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $14.70.

Sinclair (NASDAQ:SBGI) last announced 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 company had revenue of $836.00 million during the quarter, compared to analyst estimates of $840.25 million. Sinclair had a negative return on equity of 67.24% and a negative net margin of 3.53%.The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 EPS. As a group, research analysts predict that Sinclair will post 4.24 earnings per share for the current year.

Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders 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 yield of 6.1%. Sinclair’s payout ratio is -59.52%.

Insider Buying and Selling at Sinclair

In other news, EVP David B. Gibber sold 29,376 shares of the stock in a transaction on Thursday, December 11th. The stock was 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 approximately $2,755,084.24. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benson E. Legg sold 6,548 shares of Sinclair stock in a transaction on Friday, December 19th. The stock was sold at an average price of $15.81, for a total value of $103,523.88. Following the completion of the transaction, the director owned 71,165 shares in the company, valued at $1,125,118.65. The trade was a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 50,637 shares of company stock valued at $815,535. Corporate insiders own 41.90% of the company’s stock.

Institutional Trading of Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in shares of Sinclair in the fourth quarter worth about $174,000. Madison Avenue Partners LP purchased a new stake in shares of Sinclair in the 4th quarter valued at approximately $13,918,000. Aristeia Capital L.L.C. boosted its stake in Sinclair by 22.3% in the 4th quarter. Aristeia Capital L.L.C. now owns 32,864 shares of the company’s stock worth $503,000 after purchasing an additional 5,988 shares during the period. AQR Capital Management LLC grew its position in Sinclair by 205.4% during the 4th quarter. AQR Capital Management LLC now owns 130,835 shares of the company’s stock worth $2,002,000 after purchasing an additional 87,988 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Sinclair during the 4th quarter worth approximately $170,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

More 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

About Sinclair

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.