Nexstar Media Group Inc (NASDAQ:NXST) Expected to Post Earnings of $1.34 Per Share

Analysts predict that Nexstar Media Group Inc (NASDAQ:NXST) will announce earnings of $1.34 per share for the current quarter, according to Zacks. Five analysts have made estimates for Nexstar Media Group’s earnings, with estimates ranging from $0.94 to $2.05. Nexstar Media Group reported earnings of $0.44 per share during the same quarter last year, which would indicate a positive year over year growth rate of 204.5%. The business is scheduled to report its next earnings results on Tuesday, May 8th.

On average, analysts expect that Nexstar Media Group will report full-year earnings of $8.28 per share for the current fiscal year, with EPS estimates ranging from $7.33 to $9.29. For the next financial year, analysts expect that the business will post earnings of $7.29 per share, with EPS estimates ranging from $6.66 to $7.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Nexstar Media Group.

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Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Tuesday, February 27th. The company reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.23. The company had revenue of $653.66 million during the quarter, compared to analyst estimates of $645.98 million. Nexstar Media Group had a net margin of 19.53% and a return on equity of 14.44%. Nexstar Media Group’s revenue for the quarter was up 110.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share.

NXST has been the subject of several research analyst reports. Noble Financial restated a “buy” rating on shares of Nexstar Media Group in a report on Thursday, December 21st. BidaskClub upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Royal Bank of Canada restated a “buy” rating and issued a $95.00 price objective on shares of Nexstar Media Group in a 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 $89.00 price objective for the company in a report on Tuesday, January 30th. Finally, Benchmark restated a “buy” rating and issued a $94.00 price objective on shares of Nexstar Media Group in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Nexstar Media Group presently has an average rating of “Buy” and a consensus price target of $87.67.

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $79.61, for a total transaction of $398,050.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $398,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Blake Russell sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the transaction, the senior vice president now directly owns 42,861 shares of the company’s stock, valued at approximately $3,356,444.91. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock valued at $2,755,550 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of Nexstar Media Group by 1.5% during the third quarter. Rhumbline Advisers now owns 52,910 shares of the company’s stock valued at $3,296,000 after purchasing an additional 776 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Nexstar Media Group by 12.1% during the third quarter. Envestnet Asset Management Inc. now owns 8,413 shares of the company’s stock valued at $523,000 after purchasing an additional 908 shares in the last quarter. LPL Financial LLC increased its stake in shares of Nexstar Media Group by 16.4% during the fourth quarter. LPL Financial LLC now owns 6,659 shares of the company’s stock valued at $521,000 after purchasing an additional 936 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Nexstar Media Group by 3.9% during the third quarter. Macquarie Group Ltd. now owns 25,292 shares of the company’s stock valued at $1,576,000 after purchasing an additional 940 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of Nexstar Media Group by 11.7% during the third quarter. BW Gestao de Investimentos Ltda. now owns 9,153 shares of the company’s stock valued at $570,000 after purchasing an additional 958 shares in the last quarter.

Shares of Nexstar Media Group (NASDAQ:NXST) opened at $70.20 on Monday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.57 and a current ratio of 1.57. Nexstar Media Group has a 1-year low of $55.95 and a 1-year high of $82.95. The firm has a market cap of $3,243.79, a PE ratio of 7.03, a PEG ratio of 0.68 and a beta of 1.82.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were issued a $0.375 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a yield of 2.14%. Nexstar Media Group’s dividend payout ratio (DPR) is 15.02%.

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

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