As of close of business last night, Sinclair Inc’s stock clocked out at $11.57, down -9.33% from its previous closing price of $12.76. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 921976 shares were traded.
Ratios:
To gain a deeper understanding of SBGI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.15. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when BOCHENEK DAVID R sold 20,803 shares for $13.44 per share. The transaction valued at 279,592 led to the insider holds 0 shares of the business.
KEITH DANIEL C sold 30,086 shares of SBGI for $408,442 on Mar 05 ’24. The Director now owns 30,000 shares after completing the transaction at $13.58 per share. On Dec 28 ’23, another insider, Gibber David B, who serves as the SVP & General Counsel of the company, sold 20,607 shares for $13.33 each. As a result, the insider received 274,743 and left with 1,949 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 811.56M and an Enterprise Value of 4.50B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 1.44 whereas that against EBITDA is -73.73.
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 14.64, while the 200-Day Moving Average is calculated to be 13.28.
Shares Statistics:
It appears that SBGI traded 475.21K shares on average per day over the past three months and 569.1k shares per day over the past ten days. A total of 39.74M shares are outstanding, with a floating share count of 35.58M. Insiders hold about 44.06% of the company’s shares, while institutions hold 42.45% stake in the company. Shares short for SBGI as of Feb 29, 2024 were 3.46M with a Short Ratio of 7.29, compared to 3.73M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.45% and a Short% of Float of 9.64%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.00, SBGI has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 7.84%, it implies a Forward Annual Dividend Yield of 8.66%. 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
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.46, while EPS last year was $2.64. The consensus estimate for the next quarter is -$0.06, with high estimates of $0.46 and low estimates of -$0.46.
Analysts are recommending an EPS of between $3.9 and $2.42 for the fiscal current year, implying an average EPS of $2.82. EPS for the following year is -$0.32, with 5 analysts recommending between $0.61 and -$1.68.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $801.63M. It ranges from a high estimate of $804M to a low estimate of $798M. As of the current estimate, Sinclair Inc’s year-ago sales were $773M, an estimated increase of 3.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $830.36M, an increase of 8.10% over than the figure of $3.70% in the same quarter last year. There is a high estimate of $859M for the next quarter, whereas the lowest estimate is $798M.
A total of 7 analysts have provided revenue estimates for SBGI’s current fiscal year. The highest revenue estimate was $3.6B, while the lowest revenue estimate was $3.33B, resulting in an average revenue estimate of $3.53B. In the same quarter a year ago, actual revenue was $3.13B, up 12.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.24B in the next fiscal year. The high estimate is $3.37B and the low estimate is $2.95B. The average revenue growth estimate for next year is down -8.20% from the average revenue estimate for this year.
