Nexstar Media Group Inc (NASDAQ:NXST) – Stock analysts at Barrington Research upped their FY2018 earnings per share (EPS) estimates for Nexstar Media Group in a research report issued on Monday, November 12th, according to Zacks Investment Research. Barrington Research analyst J. Goss now expects that the company will post earnings of $8.50 per share for the year, up from their previous estimate of $8.00. Barrington Research currently has a “Buy” rating on the stock. Barrington Research also issued estimates for Nexstar Media Group’s Q4 2018 earnings at $3.54 EPS, Q2 2019 earnings at $1.97 EPS, Q3 2019 earnings at $1.80 EPS, FY2019 earnings at $7.40 EPS and FY2020 earnings at $10.00 EPS.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $676.34 million. Nexstar Media Group had a net margin of 23.45% and a return on equity of 19.12%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS.

Several other analysts have also issued reports on the stock. BidaskClub lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. B. Riley raised their price target on shares of Nexstar Media Group from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. ValuEngine upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Noble Financial lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Gabelli initiated coverage on shares of Nexstar Media Group in a research report on Tuesday, November 27th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $95.80.

NASDAQ NXST traded down $1.19 during midday trading on Wednesday, hitting $85.30. The company had a trading volume of 579,269 shares, compared to its average volume of 723,435. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.03 and a beta of 1.75. Nexstar Media Group has a fifty-two week low of $60.30 and a fifty-two week high of $89.75.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, November 15th. Nexstar Media Group’s dividend payout ratio is currently 37.69%.

In other Nexstar Media Group news, SVP Keith P. Hopkins sold 1,625 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $80.35, for a total value of $130,568.75. Following the completion of the transaction, the senior vice president now directly owns 3,125 shares of the company’s stock, valued at $251,093.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lisbeth Mcnabb sold 1,400 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $80.70, for a total transaction of $112,980.00. Following the completion of the transaction, the director now directly owns 1,725 shares of the company’s stock, valued at $139,207.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,925 shares of company stock valued at $1,954,553 over the last three months. 6.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NXST. FMR LLC raised its stake in shares of Nexstar Media Group by 41.1% in the third quarter. FMR LLC now owns 1,905,120 shares of the company’s stock worth $155,077,000 after acquiring an additional 555,253 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. bought a new position in shares of Nexstar Media Group in the second quarter worth about $34,247,000. Hound Partners LLC raised its stake in shares of Nexstar Media Group by 10.8% in the third quarter. Hound Partners LLC now owns 3,195,552 shares of the company’s stock worth $260,118,000 after acquiring an additional 310,546 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Nexstar Media Group by 36.8% in the second quarter. Brown Advisory Inc. now owns 1,083,408 shares of the company’s stock worth $79,523,000 after acquiring an additional 291,197 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Nexstar Media Group by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,862,138 shares of the company’s stock worth $136,684,000 after acquiring an additional 257,729 shares during the last quarter.

Nexstar Media Group Company Profile

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

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Earnings History and Estimates for Nexstar Media Group (NASDAQ:NXST)

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