Stock of the Day

May 4, 2023

Sinclair (SBGI)

$13.82
-$0.52 (-3.6%)
Market Cap: $1.03B

About Sinclair

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. This segment operates The Nest, a free over-the-air national broadcast TV network; Comet, a science fiction network; CHARGE!, an adventure and action-based network; and TBD, a multiscreen TV network. The Tennis segment offers Tennis Channel, a cable network which includes coverage of tennis' top tournaments and original professional sports, and tennis lifestyle shows; Tennis Channel International streaming service; Tennis Channel Plus streaming service; T2 FAST, a 24-hours a day free ad-supported streaming television channel; and Tennis.com and Pickleballtv. It also provides digital and internet solutions; and technical services, including the design and manufacture of broadcast systems. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, and other original programming. Sinclair, Inc. was founded in 1971 and is headquartered in Hunt Valley, Maryland.

Today's Trend

Sinclair, Inc. (SBGI) — Shares are trading lower today after mixed Q1 results and a Wall Street price-target cut offset by a newly declared dividend and an earnings beat. Volume is above average, suggesting investors are actively re-pricing the stock.

  • Sinclair beat Q1 estimates with EPS of $0.28 (consensus -$0.68) and revenue of $807M, showing a year-over-year recovery that supports near-term profitability improvement. Zacks: Sinclair Beats Q1 Estimates
  • The board declared a $0.25 quarterly cash dividend (payable June 9; record/ex-dividend May 26), implying an annualized yield of roughly 6.8%, which can attract income-focused investors. GlobeNewswire: Dividend Announcement
  • Official Q1 press release, slide deck and conference call materials are available for detail on results and segment performance — useful for modeling revenue and cash-flow scenarios. MarketBeat: Q1 Results & Materials
  • The Q1 earnings call transcript provides management commentary on advertising trends, political ad cadence, and cost items that investors should review to assess FY26 assumptions. Seeking Alpha: Q1 Call Transcript
  • Wells Fargo cut its price target to $16 from $17 and set an "equal weight" rating, trimming upside expectations and signaling more cautious near-term sentiment. Benzinga: Wells Fargo Lowers PT
  • Sinclair's FY26 revenue guidance was provided in a $3.4B–$3.5B range — slightly under or roughly in line with consensus depending on assumptions — which tempers the upside from the quarter’s beat and may keep multiple expansion limited. MarketBeat: Guidance Details
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