News coverage about Nexstar Media Group (NASDAQ:NXST) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexstar Media Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6525131283989 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Shares of Nexstar Media Group (NXST) opened at $79.45 on Friday. Nexstar Media Group has a 12-month low of $55.95 and a 12-month high of $80.45. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $3,620.00, a price-to-earnings ratio of 29.76, a PEG ratio of 0.80 and a beta of 2.21.
Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The company had revenue of $611.87 million during the quarter, compared to analysts’ expectations of $609.44 million. During the same period in the prior year, the company posted $0.78 earnings per share. Nexstar Media Group’s revenue for the quarter was up 122.0% compared to the same quarter last year. research analysts anticipate that Nexstar Media Group will post 3.46 EPS for the current year.
Several brokerages have issued reports on NXST. B. Riley restated a “buy” rating and issued a $79.00 price target on shares of Nexstar Media Group in a research report on Wednesday, November 1st. Deutsche Bank began coverage on shares of Nexstar Media Group in a research report on Friday, October 20th. They issued a “buy” rating and a $80.00 price target for the company. Wells Fargo & Co restated an “outperform” rating and issued a $102.00 price target (up from $93.00) on shares of Nexstar Media Group in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Saturday, October 21st. Finally, Jefferies Group restated a “buy” rating and issued a $80.00 price target on shares of Nexstar Media Group in a research report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.10.
In related news, CEO Perry A. Sook sold 300,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $66.13, for a total transaction of $19,839,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gary Michael Vaughn sold 400 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $71.32, for a total transaction of $28,528.00. Following the transaction, the insider now directly owns 7,140 shares in the company, valued at $509,224.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 345,860 shares of company stock valued at $23,290,703. 7.80% of the stock is currently owned by corporate insiders.
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About Nexstar Media Group
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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