Equities Analysts Offer Predictions for NXST FY2025 Earnings

Nexstar Media Group, Inc. (NASDAQ:NXST) – Barrington Research dropped their FY2025 EPS estimates for Nexstar Media Group in a report released on Tuesday, November 12th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of $13.75 per share for the year, down from their previous forecast of $14.37. Barrington Research currently has a “Outperform” rating and a $200.00 target price on the stock. The consensus estimate for Nexstar Media Group’s current full-year earnings is $25.72 per share.

A number of other equities research analysts also recently weighed in on NXST. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company reduced their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Finally, Guggenheim decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.50.

Nexstar Media Group Trading Up 0.1 %

Nexstar Media Group stock opened at $166.18 on Thursday. The stock has a market cap of $5.16 billion, a P/E ratio of 9.61, a PEG ratio of 0.19 and a beta of 1.48. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s fifty day moving average price is $168.61 and its 200-day moving average price is $167.11. Nexstar Media Group has a fifty-two week low of $141.38 and a fifty-two week high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, November 15th. Nexstar Media Group’s payout ratio is 39.10%.

Insider Activity

In other news, EVP Michael Strober sold 1,076 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.50, for a total transaction of $180,230.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Andrew Alford sold 3,175 shares of Nexstar Media Group stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total value of $532,828.50. Following the completion of the sale, the insider now owns 9,173 shares in the company, valued at $1,539,412.86. This represents a 25.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,437 shares of company stock worth $8,429,561 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nexstar Media Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Nexstar Media Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock worth $580,689,000 after acquiring an additional 127,783 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Nexstar Media Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company’s stock valued at $220,189,000 after acquiring an additional 62,331 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after purchasing an additional 7,117 shares during the last quarter. Copeland Capital Management LLC boosted its position in Nexstar Media Group by 18.1% during the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company’s stock worth $90,567,000 after acquiring an additional 83,829 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Nexstar Media Group in the first quarter valued at $92,323,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

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.