Nexstar Media Group (NXST) Expected to Announce Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Nexstar Media Group to post earnings of $3.26 per share and revenue of $1.23 billion for the quarter.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, analysts expect Nexstar Media Group to post $22 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Nexstar Media Group Trading Down 0.5 %

Shares of NASDAQ NXST opened at $154.52 on Wednesday. The firm’s 50 day moving average price is $163.03 and its 200-day moving average price is $162.29. Nexstar Media Group has a 52-week low of $141.66 and a 52-week high of $191.86. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $4.71 billion, a PE ratio of 8.94, a P/E/G ratio of 0.45 and a beta of 1.06.

Nexstar Media Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.86 dividend. The ex-dividend date is Monday, May 19th. This represents a $7.44 annualized dividend and a yield of 4.81%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 34.56%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Benchmark lowered their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim lifted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.71.

Insider Buying and Selling

In related news, insider Gary Weitman sold 1,241 shares of Nexstar Media Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $177.21, for a total transaction of $219,917.61. Following the transaction, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 32,096 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now owns 806,019 shares of the company’s stock, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is owned by insiders.

About Nexstar Media Group

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.