$1.41 Earnings Per Share Expected for Nexstar Media Group Inc (NXST) This Quarter

Wall Street analysts expect that Nexstar Media Group Inc (NASDAQ:NXST) will announce earnings per share (EPS) of $1.41 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Nexstar Media Group’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.56. Nexstar Media Group reported earnings per share of $1.46 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The business is expected to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Nexstar Media Group will report full-year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.34 to $3.60. For the next fiscal year, analysts forecast that the company will report earnings of $7.76 per share, with EPS estimates ranging from $7.22 to $8.10. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Nexstar Media Group.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. The company had revenue of $611.87 million for the quarter, compared to analyst estimates of $609.44 million. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The firm’s quarterly revenue was up 122.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS.

A number of research firms have issued reports on NXST. FBR & Co began coverage on shares of Nexstar Media Group in a report on Tuesday, October 31st. They set a “buy” rating and a $79.00 target price on the stock. Zacks Investment Research lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and set a $81.00 target price on shares of Nexstar Media Group in a report on Monday, September 18th. B. Riley raised their price objective on shares of Nexstar Media Group from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of Nexstar Media Group in a report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.00.

In related news, insider Gary Michael Vaughn sold 400 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $71.32, for a total value of $28,528.00. Following the transaction, the insider now directly owns 7,140 shares of the company’s stock, valued at approximately $509,224.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Muse sold 641,240 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $60.10, for a total transaction of $38,538,524.00. The disclosure for this sale can be found here. Insiders sold a total of 1,275,913 shares of company stock worth $78,359,164 over the last 90 days. Company insiders own 7.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. grew its position in shares of Nexstar Media Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock valued at $408,000 after buying an additional 18 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Nexstar Media Group by 2.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock valued at $214,000 after buying an additional 99 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Nexstar Media Group by 0.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock valued at $1,394,000 after buying an additional 131 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Nexstar Media Group by 8.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock worth $239,000 after purchasing an additional 312 shares during the last quarter. Finally, Amalgamated Bank grew its position in Nexstar Media Group by 10.8% during the 2nd quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock worth $356,000 after purchasing an additional 582 shares during the last quarter.

Shares of Nexstar Media Group (NASDAQ NXST) opened at $75.30 on Monday. The stock has a market cap of $3,431.12, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.70 and a beta of 2.21. Nexstar Media Group has a fifty-two week low of $55.95 and a fifty-two week high of $75.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.58.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Nexstar Media Group’s payout ratio is 45.11%.

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Nexstar Media Group Company Profile

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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

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