Analysts forecast that Nexstar Media Group Inc (NASDAQ:NXST) will report $3.45 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Nexstar Media Group’s earnings. The highest EPS estimate is $3.65 and the lowest is $3.22. Nexstar Media Group posted earnings per share of $1.61 in the same quarter last year, which suggests a positive year-over-year growth rate of 114.3%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Nexstar Media Group will report full year earnings of $8.42 per share for the current financial year, with EPS estimates ranging from $8.14 to $8.61. For the next year, analysts expect that the firm will post earnings of $6.96 per share, with EPS estimates ranging from $6.23 to $7.40. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Nexstar Media Group.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, November 8th. The company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.15. Nexstar Media Group had a net margin of 23.45% and a return on equity of 19.12%. The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $676.34 million. During the same period last year, the company posted $0.98 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.

Several research firms have recently commented on NXST. BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Zacks Investment Research cut shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Evercore ISI started coverage on shares of Nexstar Media Group in a research report on Tuesday, July 31st. They set an “in-line” rating and a $87.00 price target for the company. ValuEngine cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Noble Financial cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $92.50.

NASDAQ:NXST opened at $73.62 on Thursday. Nexstar Media Group has a 12 month low of $60.30 and a 12 month high of $89.75. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $3.60 billion, a PE ratio of 18.50, a P/E/G ratio of 0.94 and a beta of 1.76.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.50 dividend on an annualized basis and a yield of 2.04%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 37.69%.

In other Nexstar Media Group news, Director Jay M. Grossman sold 3,125 shares of Nexstar Media Group stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $80.66, for a total value of $252,062.50. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $4,033,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Alford sold 1,000 shares of Nexstar Media Group stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $82.30, for a total transaction of $82,300.00. Following the completion of the transaction, the insider now directly owns 370 shares of the company’s stock, valued at $30,451. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,925 shares of company stock valued at $2,036,853. 6.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. raised its holdings in Nexstar Media Group by 1.7% in the second quarter. Sit Investment Associates Inc. now owns 44,525 shares of the company’s stock worth $3,268,000 after buying an additional 725 shares during the last quarter. Balter Liquid Alternatives LLC raised its holdings in Nexstar Media Group by 1.5% in the second quarter. Balter Liquid Alternatives LLC now owns 50,100 shares of the company’s stock worth $3,665,000 after buying an additional 735 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Nexstar Media Group by 7.3% in the third quarter. PNC Financial Services Group Inc. now owns 11,726 shares of the company’s stock worth $954,000 after buying an additional 794 shares during the last quarter. Strs Ohio raised its holdings in Nexstar Media Group by 1.1% in the second quarter. Strs Ohio now owns 71,400 shares of the company’s stock worth $5,240,000 after buying an additional 800 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Nexstar Media Group by 64.8% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock worth $178,000 after buying an additional 953 shares during the last quarter.

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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Earnings History and Estimates for Nexstar Media Group (NASDAQ:NXST)

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