Barrington Research Forecasts NXST FY2025 Earnings

Nexstar Media Group, Inc. (NASDAQ:NXST) – Research analysts at Barrington Research cut their FY2025 earnings estimates for Nexstar Media Group in a note issued to investors on Tuesday, November 12th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of $13.75 per share for the year, down from their prior estimate of $14.37. Barrington Research currently has a “Outperform” rating and a $200.00 price objective on the stock. The consensus estimate for Nexstar Media Group’s current full-year earnings is $25.72 per share.

A number of other equities analysts have also recently issued reports on NXST. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. Guggenheim cut their target price on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company decreased their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

Nexstar Media Group Stock Performance

Shares of NASDAQ:NXST opened at $166.08 on Thursday. The stock has a market capitalization of $5.15 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.19 and a beta of 1.48. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a 1-year low of $141.38 and a 1-year high of $191.86. The business has a 50-day moving average price of $168.54 and a two-hundred day moving average price of $167.12.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.07%. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

Insider Activity

In other Nexstar Media Group news, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at $128,380,774.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Perry A. Sook sold 12,239 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Thomas Mcmillen sold 250 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $164.44, for a total transaction of $41,110.00. Following the sale, the director now owns 7,725 shares in the company, valued at $1,270,299. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,367 shares of company stock valued at $9,060,758 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nexstar Media Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXST. Capital Research Global Investors bought a new stake in shares of Nexstar Media Group during the 1st quarter worth $92,323,000. Vanguard Group Inc. grew its position in Nexstar Media Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock worth $580,689,000 after acquiring an additional 127,783 shares during the last quarter. Payden & Rygel Investment Group acquired a new position in Nexstar Media Group in the 1st quarter worth about $15,144,000. Copeland Capital Management LLC increased its stake in shares of Nexstar Media Group by 18.1% in the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company’s stock valued at $90,567,000 after buying an additional 83,829 shares during the period. Finally, AQR Capital Management LLC boosted its position in Nexstar Media Group by 72.0% during the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock worth $32,769,000 after buying an additional 83,637 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.