Nexstar Media Group (NXST) to Release Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $5.51 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $3.54 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $2.64 earnings per share. Nexstar Media Group’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect Nexstar Media Group to post $26 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $172.87 on Wednesday. The stock has a fifty day moving average of $167.88 and a 200-day moving average of $166.58. Nexstar Media Group has a 52 week low of $140.92 and a 52 week high of $187.27. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $5.58 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.20 and a beta of 1.48.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.91%. Nexstar Media Group’s dividend payout ratio is presently 53.14%.

Insider Activity at Nexstar Media Group

In other news, EVP Rachel Morgan sold 6,196 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $171.30, for a total transaction of $1,061,374.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Gary Weitman sold 7,261 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $164.80, for a total value of $1,196,612.80. Following the transaction, the insider now directly owns 5,216 shares in the company, valued at approximately $859,596.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rachel Morgan sold 6,196 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $171.30, for a total transaction of $1,061,374.80. The disclosure for this sale can be found here. Insiders sold 41,112 shares of company stock worth $6,887,029 over the last three months. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

NXST has been the subject of several recent research reports. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Barrington Research reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, August 8th. Wells Fargo & Company cut their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Guggenheim decreased their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.71.

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.