Nexstar Media Group (NXST) Set to Announce Quarterly Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Nexstar Media Group to post earnings of $4.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $8.04 EPS. Nexstar Media Group’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, analysts expect Nexstar Media Group to post $27 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Nexstar Media Group Stock Performance

Shares of NASDAQ:NXST opened at $161.65 on Thursday. The business has a fifty day moving average of $164.59 and a 200-day moving average of $159.65. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. Nexstar Media Group has a twelve month low of $132.30 and a twelve month high of $187.32. The firm has a market cap of $5.40 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Thursday, May 9th. This represents a $6.76 annualized dividend and a dividend yield of 4.18%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 70.20%.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the transaction, the chief executive officer now directly owns 636,788 shares in the company, valued at $101,032,784.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Sean Compton sold 3,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $162.61, for a total transaction of $487,830.00. Following the completion of the transaction, the insider now directly owns 9,489 shares in the company, valued at approximately $1,543,006.29. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Perry A. Sook sold 31,758 shares of Nexstar Media Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the completion of the sale, the chief executive officer now directly owns 636,788 shares in the company, valued at approximately $101,032,784.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,508 shares of company stock valued at $7,487,950. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, March 7th. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, Rosenblatt Securities reduced their price objective on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $193.83.

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.