Nexstar Media Group (NXST) Set to Announce Earnings on Wednesday

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Nexstar Media Group (NASDAQ:NXST) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.38 per share for the quarter.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.02). The firm had revenue of $626.65 million for the quarter, compared to analyst estimates of $640.35 million. Nexstar Media Group had a net margin of 14.26% and a return on equity of 23.08%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. On average, analysts expect Nexstar Media Group to post $6 EPS for the current fiscal year and $11 EPS for the next fiscal year.

NXST stock opened at $97.05 on Tuesday. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.53 and a beta of 1.47. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.00. The firm’s fifty day moving average price is $103.64. Nexstar Media Group has a one year low of $70.09 and a one year high of $119.93.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.85%. Nexstar Media Group’s dividend payout ratio is presently 21.08%.

NXST has been the topic of several analyst reports. ValuEngine lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price target on the stock in a research report on Wednesday, July 17th. Barrington Research restated a “buy” rating and set a $135.00 price target on shares of Nexstar Media Group in a research report on Monday, May 13th. B. Riley set a $139.00 price target on shares of Nexstar Media Group and gave the company a “buy” rating in a research report on Tuesday, May 14th. Finally, BidaskClub upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $119.71.

In other news, Director Dennis Miller sold 625 shares of Nexstar Media Group stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $102.17, for a total value of $63,856.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.40% of the stock is owned by company insiders.

About Nexstar Media Group

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

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Earnings History for Nexstar Media Group (NASDAQ:NXST)

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