Nexstar Broadcasting Group (NXST) Receiving Favorable News Coverage, Report Shows
Media headlines about Nexstar Broadcasting Group (NASDAQ:NXST) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexstar Broadcasting Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.7108457137656 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Nexstar Broadcasting Group, Inc. (NXST) Expected to Post Quarterly Sales of $604.72 Million (americanbankingnews.com)
- Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Nexstar Broadcasting Group, Inc. (NXST) Forecasted to Earn Q3 2017 Earnings of $0.97 Per Share (americanbankingnews.com)
- Nexstar Broadcasting Group’s (NASDAQ:NXST) “Outperform” Rating Reiterated at Royal Bank Of Canada (americanbankingnews.com)
- Nexstar Media Group (NXST) Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
A number of research firms have recently issued reports on NXST. BidaskClub cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $81.00 price objective (down previously from $83.00) on shares of Nexstar Broadcasting Group in a research report on Thursday. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reissued an “outperform” rating and set a $85.00 price objective on shares of Nexstar Broadcasting Group in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.75.
Shares of Nexstar Broadcasting Group (NXST) traded up 0.79% during trading on Friday, reaching $64.15. 609,532 shares of the company traded hands. The stock has a market capitalization of $2.96 billion, a P/E ratio of 26.39 and a beta of 2.31. The firm’s 50 day moving average is $62.58 and its 200-day moving average is $64.67. Nexstar Broadcasting Group has a 12-month low of $47.00 and a 12-month high of $73.90.
Nexstar Broadcasting Group (NASDAQ:NXST) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. Nexstar Broadcasting Group had a net margin of 5.44% and a return on equity of 18.35%. The business had revenue of $626.11 million for the quarter, compared to analyst estimates of $608.23 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Nexstar Broadcasting Group’s quarterly revenue was up 139.0% on a year-over-year basis. On average, equities research analysts anticipate that Nexstar Broadcasting Group will post $3.22 earnings per share for the current fiscal year.
Nexstar Broadcasting Group announced that its board has approved a stock repurchase program on Monday, June 12th that allows the company to buyback $51.30 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, August 9th. Nexstar Broadcasting Group’s payout ratio is currently 48.78%.
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Nexstar Broadcasting Group Company Profile
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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