Equities research analysts expect Nexstar Media Group Inc (NASDAQ:NXST) to post earnings per share (EPS) of $1.96 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Nexstar Media Group’s earnings. The lowest EPS estimate is $1.88 and the highest is $2.07. Nexstar Media Group posted earnings of $0.98 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, November 8th.
On average, analysts expect that Nexstar Media Group will report full-year earnings of $8.05 per share for the current fiscal year, with EPS estimates ranging from $7.96 to $8.14. For the next fiscal year, analysts forecast that the firm will post earnings of $6.99 per share, with EPS estimates ranging from $6.54 to $7.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Nexstar Media Group.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $660.30 million during the quarter, compared to the consensus estimate of $657.92 million. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share.
Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. ValuEngine raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Jefferies Financial Group reissued a “buy” rating and issued a $87.00 target price on shares of Nexstar Media Group in a research report on Tuesday, July 24th. Evercore ISI assumed coverage on shares of Nexstar Media Group in a research report on Tuesday, July 31st. They issued an “in-line” rating and a $87.00 target price on the stock. Finally, Stephens set a $94.00 target price on shares of Nexstar Media Group and gave the stock a “buy” rating in a research report on Thursday, August 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Nexstar Media Group presently has a consensus rating of “Buy” and a consensus target price of $90.08.
Shares of NASDAQ NXST opened at $80.25 on Monday. The stock has a market cap of $3.66 billion, a PE ratio of 14.64, a PEG ratio of 1.00 and a beta of 1.89. Nexstar Media Group has a 12 month low of $58.10 and a 12 month high of $89.75. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.59.
The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.87%. Nexstar Media Group’s dividend payout ratio is presently 37.69%.
In related news, insider Andrew Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $82.30, for a total value of $82,300.00. Following the sale, the insider now directly owns 370 shares of the company’s stock, valued at $30,451. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $80.70, for a total transaction of $112,980.00. Following the completion of the sale, the director now directly owns 1,725 shares in the company, valued at $139,207.50. The disclosure for this sale can be found here. Insiders sold 4,909 shares of company stock worth $387,314 over the last three months. Corporate insiders own 6.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its position in Nexstar Media Group by 2.2% during the second quarter. Northern Trust Corp now owns 592,996 shares of the company’s stock valued at $43,526,000 after buying an additional 12,698 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. acquired a new position in Nexstar Media Group during the second quarter valued at approximately $34,247,000. Advisors Asset Management Inc. acquired a new position in Nexstar Media Group during the second quarter valued at approximately $359,000. Public Employees Retirement System of Ohio lifted its position in Nexstar Media Group by 12.8% during the second quarter. Public Employees Retirement System of Ohio now owns 35,999 shares of the company’s stock valued at $2,642,000 after buying an additional 4,096 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in Nexstar Media Group during the second quarter valued at approximately $10,856,000.
Nexstar Media Group Company Profile
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
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