Nexstar Media Group Inc (NASDAQ:NXST) Plans Quarterly Dividend of $0.45

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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.

In other news, Director Charles Thomas Mcmillen sold 625 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $106.55, for a total value of $66,593.75. Following the completion of the sale, the director now owns 3,750 shares of the company’s stock, valued at $399,562.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

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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Dividend History for Nexstar Media Group (NASDAQ:NXST)

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