After finishing at $13.51 in the prior trading day, Sinclair Inc (NASDAQ: SBGI) closed at $13.45, down -0.44%. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 485771 shares were traded.
Ratios:
Our goal is to gain a better understanding of SBGI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 15.26 whereas as Long-Term Debt/Eq ratio is at 15.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on December 08, 2022, Downgraded its rating to Underweight and sets its target price to $16 from $25 previously.
On November 03, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Overweight and also lowered its target price recommendation from $30 to $16.
Wells Fargo Upgraded its Equal Weight to Overweight on May 05, 2022, whereas the target price for the stock was revised from $30 to $33.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when KEITH DANIEL C sold 30,086 shares for $13.58 per share. The transaction valued at 408,442 led to the insider holds 30,000 shares of the business.
Gibber David B sold 20,607 shares of SBGI for $274,743 on Dec 28 ’23. The SVP & General Counsel now owns 1,949 shares after completing the transaction at $13.33 per share. On Oct 10 ’23, another insider, Friedman Howard E, who serves as the Director of the company, bought 12,053 shares for $9.71 each. As a result, the insider paid 117,035 and bolstered with 55,371 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBGI now has a Market Capitalization of 853.64M and an Enterprise Value of 4.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 1.45 whereas that against EBITDA is -74.42.
Stock Price History:
Over the past 52 weeks, SBGI has reached a high of $21.17, while it has fallen to a 52-week low of $9.39. The 50-Day Moving Average of the stock is 14.69, while the 200-Day Moving Average is calculated to be 13.43.
Shares Statistics:
The stock has traded on average 465.54K shares per day over the past 3-months and 501.48k shares per day over the last 10 days, according to various share statistics. A total of 39.74M shares are outstanding, with a floating share count of 35.43M. Insiders hold about 44.29% of the company’s shares, while institutions hold 42.39% stake in the company. Shares short for SBGI as of Feb 15, 2024 were 3.53M with a Short Ratio of 7.58, compared to 3.83M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.55% and a Short% of Float of 9.84%.
Dividends & Splits
In the trailing 12 months, SBGI’s forward annual dividend rate was 1.00, compared to 0.75 this year. Against a Trailing Annual Dividend Yield of 7.40%, it implies a Forward Annual Dividend Yield of 7.44%. The stock’s 5-year Average Dividend Yield is 4.10. The current Payout Ratio is 2.66% for SBGI, which recently paid a dividend on Mar 25, 2024 with an ex-dividend date of Mar 08, 2024. Stock splits for the company last occurred on May 29, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.16 and a low estimate of -$0.06, while EPS last year was $2.64. The consensus estimate for the next quarter is -$0.15, with high estimates of $0.06 and low estimates of -$0.37.
Analysts are recommending an EPS of between $3.9 and $2.42 for the fiscal current year, implying an average EPS of $3.01. EPS for the following year is -$0.35, with 5 analysts recommending between $0.61 and -$1.49.
Revenue Estimates
3 analysts predict $813.29M in revenue for the current quarter. It ranges from a high estimate of $845M to a low estimate of $791.6M. As of the current estimate, Sinclair Inc’s year-ago sales were $773M, an estimated increase of 5.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $823.23M, an increase of 7.20% over than the figure of $5.20% in the same quarter last year. There is a high estimate of $858.88M for the next quarter, whereas the lowest estimate is $790M.
A total of 8 analysts have provided revenue estimates for SBGI’s current fiscal year. The highest revenue estimate was $3.61B, while the lowest revenue estimate was $3.33B, resulting in an average revenue estimate of $3.54B. In the same quarter a year ago, actual revenue was $3.13B, up 13.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.26B in the next fiscal year. The high estimate is $3.38B and the low estimate is $2.95B. The average revenue growth estimate for next year is down -7.90% from the average revenue estimate for this year.
