News articles about Nexstar Media Group (NASDAQ:NXST) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing 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 nearest to one being the most favorable. Nexstar Media Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6533547745691 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Nexstar Media Group (NXST) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Controversial Sinclair station sales in Chicago, NYC advance (chicagobusiness.com)
- Lee’s Famous Recipe offers discount to Professional Bull Riders show (wdtn.com)
- Eureka! Fundraiser For Boonshoft Museum (wdtn.com)
- Nexstar Media (NXST) Presents At 26th Annual Media, Telecom & Business Services Conference – Slideshow (seekingalpha.com)
NXST has been the subject of a number of recent analyst reports. Noble Financial reiterated a “buy” rating on shares of Nexstar Media Group in a report on Thursday, December 21st. BidaskClub upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Nexstar Media Group in a report on Thursday, January 4th. Zacks Investment Research upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $94.00 price target 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 issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $87.67.
Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Tuesday, February 27th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.23. The company had revenue of $653.66 million during the quarter, compared to the consensus estimate of $645.98 million. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. The firm’s revenue for the quarter was up 110.9% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. analysts anticipate that Nexstar Media Group will post 8.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.375 dividend. The ex-dividend date was Thursday, February 15th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a dividend yield of 2.09%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 15.02%.
In other news, insider Timothy C. Busch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $79.13, for a total value of $791,300.00. Following the completion of the sale, the insider now directly owns 50,214 shares in the company, valued at approximately $3,973,433.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisbeth Mcnabb sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 5,000 shares in the company, valued at approximately $398,050. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,000 shares of company stock valued at $2,755,550. 7.80% of the stock is currently owned by company insiders.
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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