Press coverage about Nexstar Broadcasting Group (NASDAQ:NXST) has been trending positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexstar Broadcasting Group earned a coverage optimism score of 0.48 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.4329837272409 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently commented on NXST shares. Zacks Investment Research upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Friday, May 5th. ValuEngine downgraded Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Nexstar Broadcasting Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $83.00 price objective on shares of Nexstar Broadcasting Group in a research note on Thursday, July 6th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $85.00 price objective on shares of Nexstar Broadcasting Group in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $77.75.

Nexstar Broadcasting Group (NASDAQ:NXST) opened at 60.70 on Friday. The company has a market cap of $2.81 billion, a PE ratio of 24.97 and a beta of 2.31. Nexstar Broadcasting Group has a 1-year low of $47.00 and a 1-year high of $73.90. The stock has a 50 day moving average price of $62.91 and a 200 day moving average price of $64.64.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.01. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The firm had revenue of $626.11 million during the quarter, compared to analysts’ expectations of $608.23 million. During the same period last year, the firm posted $0.78 EPS. The business’s revenue was up 139.0% on a year-over-year basis. Equities analysts forecast that Nexstar Broadcasting Group will post $3.55 earnings per share for the current year.

Nexstar Broadcasting Group announced that its board has approved a stock buyback plan on Monday, June 12th that permits the company to repurchase $51.30 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.98%. Nexstar Broadcasting Group’s dividend payout ratio is 48.78%.

In other news, Director Dennis Miller sold 4,500 shares of Nexstar Broadcasting Group stock in a transaction on Friday, August 11th. The stock was sold at an average price of $63.49, for a total value of $285,705.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Carter sold 3,125 shares of Nexstar Broadcasting Group stock in a transaction on Friday, August 11th. The shares were sold at an average price of $63.50, for a total value of $198,437.50. Following the completion of the sale, the chief financial officer now directly owns 67,836 shares of the company’s stock, valued at $4,307,586. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

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About Nexstar Broadcasting Group

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.

Insider Buying and Selling by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)

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