Nexstar Media Group (NXST) to Release Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $4.28 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $8.04 EPS. On average, analysts expect Nexstar Media Group to post $27 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Nexstar Media Group Trading Up 1.0 %

Shares of NASDAQ:NXST opened at $168.26 on Tuesday. The company has a 50 day moving average of $164.52 and a 200-day moving average of $160.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.90. The firm has a market cap of $5.54 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.62 and a beta of 1.50. Nexstar Media Group has a twelve month low of $132.30 and a twelve month high of $187.32.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, May 9th. Nexstar Media Group’s payout ratio is currently 70.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NXST shares. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, March 7th. Finally, Rosenblatt Securities cut their target price on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $193.83.

Insider Activity

In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the completion of the sale, the director now directly owns 12,027 shares in the company, valued at approximately $2,054,452.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $170.82, for a total value of $341,640.00. Following the transaction, the director now directly owns 12,027 shares of the company’s stock, valued at $2,054,452.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sean Compton sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $162.61, for a total value of $487,830.00. Following the completion of the transaction, the insider now owns 9,489 shares in the company, valued at approximately $1,543,006.29. The disclosure for this sale can be found here. Insiders sold 46,508 shares of company stock worth $7,487,950 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.