$3.45 Earnings Per Share Expected for Nexstar Media Group Inc (NXST) This Quarter

Analysts expect Nexstar Media Group Inc (NASDAQ:NXST) to report earnings of $3.45 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Nexstar Media Group’s earnings, with estimates ranging from $3.22 to $3.65. Nexstar Media Group posted earnings per share of $1.61 in the same quarter last year, which suggests a positive year over year growth rate of 114.3%. The business is scheduled to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Nexstar Media Group will report full year earnings of $8.41 per share for the current year, with EPS estimates ranging from $8.14 to $8.61. For the next year, analysts expect that the business will post earnings of $7.00 per share, with EPS estimates ranging from $6.23 to $7.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Nexstar Media Group.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 8th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $676.34 million. Nexstar Media Group had a net margin of 23.45% and a return on equity of 19.12%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share.

A number of research analysts recently commented on the company. Zacks Investment Research raised Nexstar Media Group from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Saturday, November 17th. Noble Financial cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Wolfe Research assumed coverage on Nexstar Media Group in a research note on Friday. They issued an “outperform” rating on the stock. B. Riley increased their target price on Nexstar Media Group from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Benchmark reissued a “buy” rating and issued a $115.00 target price (up previously from $96.00) on shares of Nexstar Media Group in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.80.

Shares of Nexstar Media Group stock traded down $1.19 during trading on Friday, hitting $85.30. The stock had a trading volume of 579,269 shares, compared to its average volume of 723,435. The stock has a market cap of $3.95 billion, a P/E ratio of 21.43, a PEG ratio of 1.03 and a beta of 1.75. Nexstar Media Group has a 12 month low of $60.30 and a 12 month high of $89.75. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.09 and a current ratio of 2.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, November 15th. This represents a $1.50 annualized dividend and a yield of 1.76%. Nexstar Media Group’s payout ratio is 37.69%.

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 1,400 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Keith P. Hopkins sold 1,625 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $80.35, for a total transaction of $130,568.75. Following the sale, the senior vice president now owns 3,125 shares of the company’s stock, valued at $251,093.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,925 shares of company stock valued at $1,954,553. Company insiders own 6.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Nexstar Media Group by 64.8% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock valued at $178,000 after buying an additional 953 shares during the period. Engineers Gate Manager LP purchased a new stake in Nexstar Media Group during the third quarter valued at about $204,000. Parametrica Management Ltd purchased a new stake in shares of Nexstar Media Group during the third quarter worth about $205,000. Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of Nexstar Media Group during the third quarter worth about $217,000. Finally, Alpha Cubed Investments LLC purchased a new stake in shares of Nexstar Media Group during the third quarter worth about $231,000.

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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Earnings History and Estimates for Nexstar Media Group (NASDAQ:NXST)

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