Nexstar Media Group Inc (NASDAQ:NXST) declared a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.45 per share on Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, November 7th.
Shares of NXST traded up $0.97 during trading hours on Tuesday, hitting $97.52. 2,130 shares of the company were exchanged, compared to its average volume of 349,033. The company has a market capitalization of $4.50 billion, a PE ratio of 11.42, a PEG ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a fifty day simple moving average of $100.11 and a 200-day simple moving average of $102.61. Nexstar Media Group has a one year low of $70.51 and a one year high of $119.93.
Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $649.01 million during the quarter, compared to analyst estimates of $653.00 million. Nexstar Media Group had a return on equity of 21.05% and a net margin of 13.61%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. Sell-side analysts expect that Nexstar Media Group will post 6.36 EPS for the current year.
NXST has been the subject of several research reports. Zacks Investment Research raised Nexstar Media Group from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barrington Research reissued a “buy” rating and set a $135.00 price objective on shares of Nexstar Media Group in a research note on Wednesday, August 7th. Benchmark raised their price objective on Nexstar Media Group from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Co initiated coverage on Nexstar Media Group in a research note on Monday, September 23rd. They set a “market perform” rating and a $113.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Nexstar Media Group has a consensus rating of “Buy” and a consensus target price of $129.63.
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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