Wells Fargo & Company Lowers Sinclair (NASDAQ:SBGI) Price Target to $16.00

Sinclair (NASDAQ:SBGI) had its target price dropped by equities research analysts at Wells Fargo & Company from $17.00 to $16.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.23% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Sinclair from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of Sinclair from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Benchmark increased their price target on shares of Sinclair from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Sinclair from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Sinclair in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.40.

Sinclair Stock Down 4.9%

Shares of Sinclair stock traded down $0.77 during trading hours on Friday, reaching $14.78. 139,847 shares of the company were exchanged, compared to its average volume of 434,089. Sinclair has a 1 year low of $11.89 and a 1 year high of $17.88. The stock’s fifty day moving average is $14.58 and its 200 day moving average is $14.80. The company has a debt-to-equity ratio of 11.78, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market cap of $1.06 billion, a PE ratio of -8.80 and a beta of 1.03.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.96. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $792.63 million. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.30) earnings per share. As a group, equities research analysts forecast that Sinclair will post 1.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel C. Keith sold 22,613 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $13.10, for a total transaction of $296,230.30. Following the sale, the director owned 25,027 shares in the company, valued at approximately $327,853.70. This trade represents a 47.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert Weisbord sold 3,672 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $13.97, for a total transaction of $51,297.84. Following the sale, the chief operating officer owned 280,853 shares in the company, valued at approximately $3,923,516.41. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 55,672 shares of company stock worth $758,498. 41.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sinclair

A number of hedge funds have recently made changes to their positions in SBGI. Madison Avenue Partners LP acquired a new position in shares of Sinclair in the 4th quarter valued at $13,918,000. Goldman Sachs Group Inc. boosted its holdings in shares of Sinclair by 143.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 906,872 shares of the company’s stock valued at $13,875,000 after purchasing an additional 534,573 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sinclair by 23.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,946,274 shares of the company’s stock valued at $29,778,000 after purchasing an additional 373,566 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Sinclair by 7.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company’s stock valued at $64,069,000 after purchasing an additional 302,160 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Sinclair by 890.3% during the 3rd quarter. Verition Fund Management LLC now owns 306,637 shares of the company’s stock valued at $4,630,000 after acquiring an additional 275,674 shares in the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Key Stories Impacting Sinclair

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Q1 earnings beat — Sinclair reported EPS of $0.28 versus the consensus loss of ($0.68) and revenue of $807M (above estimates); this marks a strong swing from last year’s loss and shows top-line growth. Sinclair (SBGI) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Attractive dividend declared — the Board approved a $0.25 quarterly cash dividend (payable June 9; record/ex-dividend May 26), implying a ~6.5% yield, which may support income-focused demand for the shares. Sinclair Declares $0.25 per Share Quarterly Cash Dividend
• Neutral Sentiment: Full Q1 disclosure and materials posted — press release, slide deck and conference call transcript are available for details on performance and management commentary. Sinclair Reports First Quarter 2026 Financial Results / Conference Call
• Neutral Sentiment: Earnings call transcript published for investors who want management’s take on ad trends and cost dynamics. Sinclair Q1 2026 Earnings Call Transcript
• Negative Sentiment: FY26 revenue guidance appears slightly cautious — company issued a $3.4B–$3.5B revenue range versus consensus ~ $3.5B, which may be viewed as a modest softening in the outlook (EPS guidance was not clearly specified in the release). Article reference: company guidance disclosure
• Negative Sentiment: Legacy profitability and leverage remain concerns — Sinclair reported a negative net margin (~-3.5%) and negative return on equity (~-64%), and the balance sheet metrics reported previously (very high reported debt-to-equity) keep investor focus on cash generation and leverage reduction.

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.