Barrington Research restated their buy rating on shares of Nexstar Media Group (NASDAQ:NXST) in a report released on Monday morning, AnalystRatings.com reports. The firm currently has a $135.00 price objective on the stock. Barrington Research also issued estimates for Nexstar Media Group’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $2.23 EPS, FY2019 earnings at $6.00 EPS, Q1 2020 earnings at $1.61 EPS, Q2 2020 earnings at $2.32 EPS, Q3 2020 earnings at $3.05 EPS, Q4 2020 earnings at $4.55 EPS, FY2020 earnings at $11.50 EPS and FY2021 earnings at $8.45 EPS.

A number of other analysts also recently commented on NXST. Zacks Investment Research downgraded Nexstar Media Group from a hold rating to a sell rating in a report on Wednesday, May 8th. BidaskClub downgraded Nexstar Media Group from a strong-buy rating to a buy rating in a report on Friday, May 3rd. Benchmark restated a buy rating and set a $115.00 price objective on shares of Nexstar Media Group in a report on Wednesday, February 27th. ValuEngine upgraded Nexstar Media Group from a hold rating to a buy rating in a report on Thursday, February 28th. Finally, B. Riley upped their price target on shares of Nexstar Media Group from $123.00 to $135.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $113.13.

NXST stock opened at $105.01 on Monday. The firm has a market cap of $4.90 billion, a PE ratio of 12.30, a PEG ratio of 1.59 and a beta of 1.58. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.73 and a quick ratio of 1.73. Nexstar Media Group has a 52 week low of $65.20 and a 52 week high of $119.93.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.02). The firm had revenue of $626.65 million for the quarter, compared to analyst estimates of $640.35 million. Nexstar Media Group had a return on equity of 23.08% and a net margin of 14.26%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. On average, analysts forecast that Nexstar Media Group will post 6.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.80 dividend on an annualized basis and a yield of 1.71%. Nexstar Media Group’s dividend payout ratio (DPR) is 21.08%.

In related news, EVP Blake Russell sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $107.28, for a total transaction of $321,840.00. Following the completion of the sale, the executive vice president now directly owns 26,350 shares of the company’s stock, valued at approximately $2,826,828. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Jones sold 35,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $108.31, for a total transaction of $3,790,850.00. Following the sale, the insider now directly owns 52,734 shares of the company’s stock, valued at $5,711,619.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,573 shares of company stock valued at $5,142,132. 6.40% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Nexstar Media Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 3,107,402 shares of the company’s stock valued at $244,367,000 after buying an additional 48,067 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Nexstar Media Group by 0.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,846,218 shares of the company’s stock valued at $308,445,000 after buying an additional 15,260 shares during the last quarter. Windacre Partnership LLC boosted its position in Nexstar Media Group by 92.2% in the 4th quarter. Windacre Partnership LLC now owns 2,524,900 shares of the company’s stock valued at $198,558,000 after buying an additional 1,210,900 shares during the last quarter. FMR LLC boosted its position in Nexstar Media Group by 29.7% in the 4th quarter. FMR LLC now owns 2,470,878 shares of the company’s stock valued at $194,310,000 after buying an additional 565,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Nexstar Media Group by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,924,243 shares of the company’s stock valued at $208,536,000 after buying an additional 64,700 shares during the last quarter.

About Nexstar Media Group

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

Recommended Story: Liquidity

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.