Brokerages Expect Nexstar Media Group, Inc. (NASDAQ:NXST) to Announce $4.87 Earnings Per Share

Equities research analysts expect that Nexstar Media Group, Inc. (NASDAQ:NXST) will announce earnings per share of $4.87 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Nexstar Media Group’s earnings, with the highest EPS estimate coming in at $5.02 and the lowest estimate coming in at $4.72. Nexstar Media Group reported earnings per share of $7.97 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.9%. The firm is expected to report its next earnings report on Tuesday, February 22nd.

On average, analysts expect that Nexstar Media Group will report full year earnings of $17.09 per share for the current fiscal year, with EPS estimates ranging from $16.38 to $17.85. For the next financial year, analysts forecast that the firm will post earnings of $25.32 per share, with EPS estimates ranging from $21.87 to $29.69. Zacks’ EPS averages are an average based on a survey of analysts that cover Nexstar Media Group.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Tuesday, November 2nd. The company reported $4.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.23. Nexstar Media Group had a return on equity of 36.00% and a net margin of 19.56%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $4.08 EPS.

Several research firms have issued reports on NXST. Loop Capital upped their price objective on shares of Nexstar Media Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, November 3rd. Zacks Investment Research lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 7th. Finally, Wells Fargo & Company increased their price target on shares of Nexstar Media Group from $173.00 to $186.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $184.60.

In other news, CEO Perry A. Sook sold 49,100 shares of the company’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $170.60, for a total value of $8,376,460.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sean Compton sold 1,049 shares of the stock in a transaction on Tuesday, September 21st. The stock was sold at an average price of $147.30, for a total transaction of $154,517.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,524 shares of company stock worth $46,552,952. Insiders own 6.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp Et Al boosted its stake in Nexstar Media Group by 15.5% in the 1st quarter. Tudor Investment Corp Et Al now owns 7,441 shares of the company’s stock worth $1,045,000 after buying an additional 997 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Nexstar Media Group by 60.5% in the first quarter. Voloridge Investment Management LLC now owns 15,247 shares of the company’s stock valued at $2,141,000 after buying an additional 5,746 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Nexstar Media Group by 65.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,209 shares of the company’s stock valued at $310,000 after purchasing an additional 877 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG grew its holdings in Nexstar Media Group by 25.4% during the 1st quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 23,205 shares of the company’s stock worth $3,259,000 after acquiring an additional 4,707 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Nexstar Media Group by 39.3% during the 1st quarter. Schroder Investment Management Group now owns 92,549 shares of the company’s stock worth $12,997,000 after acquiring an additional 26,093 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group stock traded down $2.18 during midday trading on Thursday, hitting $160.37. 213,531 shares of the stock were exchanged, compared to its average volume of 373,751. The firm has a market cap of $6.56 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.73. The stock’s 50-day moving average price is $155.75. The company has a debt-to-equity ratio of 2.85, a current ratio of 0.55 and a quick ratio of 0.55. Nexstar Media Group has a fifty-two week low of $97.37 and a fifty-two week high of $171.16.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Investors of record on Friday, November 12th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. Nexstar Media Group’s dividend payout ratio is presently 13.46%.

About Nexstar Media Group

Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

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

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