Nexstar Media Group (NXST) Set to Announce Earnings on Tuesday

Nexstar Media Group (NASDAQ:NXSTGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 10th. Analysts expect Nexstar Media Group to post earnings of $4.33 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $6.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.87 by $1.32. Nexstar Media Group had a net margin of 17.95% and a return on equity of 31.18%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $7.97 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. On average, analysts expect Nexstar Media Group to post $25 EPS for the current fiscal year and $21 EPS for the next fiscal year.

NASDAQ NXST opened at $162.87 on Tuesday. The company’s 50-day simple moving average is $178.45. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.58. Nexstar Media Group has a 12-month low of $135.87 and a 12-month high of $192.84. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.64 and a beta of 1.51.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.60 annualized dividend and a yield of 2.21%. Nexstar Media Group’s payout ratio is 18.93%.

In related news, Director John R. Muse sold 10,775 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $186.92, for a total value of $2,014,063.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Perry A. Sook sold 15,247 shares of the stock in a transaction dated Wednesday, February 2nd. The stock was sold at an average price of $170.00, for a total transaction of $2,591,990.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,166 shares of company stock valued at $9,667,457. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC increased its stake in shares of Nexstar Media Group by 2.3% during the fourth quarter. Vident Investment Advisory LLC now owns 14,563 shares of the company’s stock valued at $2,199,000 after purchasing an additional 324 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Nexstar Media Group by 4.6% during the fourth quarter. Advisors Asset Management Inc. now owns 11,581 shares of the company’s stock valued at $1,748,000 after purchasing an additional 513 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Nexstar Media Group by 397.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 910 shares of the company’s stock valued at $137,000 after purchasing an additional 727 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Nexstar Media Group by 3.6% during the fourth quarter. Stifel Financial Corp now owns 41,488 shares of the company’s stock valued at $6,264,000 after purchasing an additional 1,435 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Nexstar Media Group by 11.5% during the fourth quarter. LPL Financial LLC now owns 24,835 shares of the company’s stock valued at $3,754,000 after purchasing an additional 2,565 shares in the last quarter. 96.00% of the stock is owned by institutional investors.

Several research firms have issued reports on NXST. Benchmark upped their price target on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nexstar Media Group from $187.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, March 1st. Zacks Investment Research upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th. Barrington Research increased their target price on shares of Nexstar Media Group from $200.00 to $215.00 in a report on Wednesday, February 23rd. Finally, Rosenblatt Securities initiated coverage on shares of Nexstar Media Group in a report on Tuesday, April 19th. They set a “neutral” rating and a $180.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $202.29.

Nexstar Media Group Company Profile (Get Rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

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Earnings History for Nexstar Media Group (NASDAQ:NXST)

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