News coverage about Nexstar Media Group (NASDAQ:NXST) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nexstar Media Group earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7034037248009 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 effected Accern Sentiment’s analysis:
NASDAQ NXST opened at $69.13 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.73. Nexstar Media Group has a one year low of $56.40 and a one year high of $82.95.
Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Wednesday, May 9th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.11). The business had revenue of $615.34 million during the quarter, compared to analyst estimates of $612.37 million. Nexstar Media Group had a net margin of 20.63% and a return on equity of 15.56%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. equities analysts anticipate that Nexstar Media Group will post 8.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be paid a $0.375 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.17%. Nexstar Media Group’s dividend payout ratio is presently 37.69%.
A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Nexstar Media Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Barrington Research reduced their price target on shares of Nexstar Media Group to $96.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. Benchmark reissued a “buy” rating and issued a $94.00 price target on shares of Nexstar Media Group in a research report on Thursday, May 10th. ValuEngine cut shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $88.50.
About Nexstar Media Group
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
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