Nexstar Media Group (NASDAQ:NXST) – Equities researchers at B. Riley lifted their Q3 2018 earnings per share estimates for shares of Nexstar Media Group in a research report issued to clients and investors on Monday, May 21st. B. Riley analyst B. Crockett now anticipates that the company will post earnings of $2.19 per share for the quarter, up from their prior estimate of $2.05. B. Riley has a “Buy” rating and a $87.00 price objective on the stock. B. Riley also issued estimates for Nexstar Media Group’s Q4 2018 earnings at $3.32 EPS and FY2020 earnings at $10.07 EPS.
A number of other research analysts also recently issued reports on the company. BidaskClub raised Nexstar Media Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 16th. Barrington Research decreased their target price on Nexstar Media Group to $96.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. Benchmark reaffirmed a “buy” rating and issued a $94.00 target price on shares of Nexstar Media Group in a research report on Thursday, May 10th. ValuEngine raised Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $88.80.
Shares of Nexstar Media Group opened at $69.65 on Tuesday, Marketbeat reports. The stock has a market capitalization of $3.16 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.73. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.46 and a current ratio of 1.46. Nexstar Media Group has a 1 year low of $56.50 and a 1 year high of $82.95.
Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.11). The business had revenue of $615.34 million during the quarter, compared to analyst estimates of $612.37 million. Nexstar Media Group had a net margin of 20.63% and a return on equity of 15.56%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 10th. Nexstar Media Group’s payout ratio is 37.69%.
Institutional investors and hedge funds have recently modified their holdings of the business. AXA increased its holdings in Nexstar Media Group by 89.2% during the 4th quarter. AXA now owns 146,557 shares of the company’s stock worth $11,461,000 after purchasing an additional 69,100 shares in the last quarter. Windacre Partnership LLC bought a new stake in Nexstar Media Group during the 4th quarter worth approximately $58,595,000. Deprince Race & Zollo Inc. increased its holdings in Nexstar Media Group by 26.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 448,037 shares of the company’s stock worth $35,036,000 after purchasing an additional 93,798 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Nexstar Media Group by 12.8% during the 4th quarter. Baird Financial Group Inc. now owns 24,073 shares of the company’s stock worth $1,883,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Fondren Management LP bought a new stake in Nexstar Media Group during the 4th quarter worth approximately $1,173,000.
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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