Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) – Equities researchers at Barrington Research lowered their Q1 2025 earnings estimates for Nexstar Media Group in a research note issued to investors on Wednesday, March 5th. Barrington Research analyst P. Sholl now anticipates that the company will earn $2.73 per share for the quarter, down from their previous forecast of $3.81. Barrington Research currently has a “Outperform” rating and a $200.00 target price on the stock. The consensus estimate for Nexstar Media Group’s current full-year earnings is $21.62 per share. Barrington Research also issued estimates for Nexstar Media Group’s Q2 2025 earnings at $2.80 EPS, Q3 2025 earnings at $2.28 EPS, FY2025 earnings at $11.52 EPS and FY2027 earnings at $11.32 EPS.
Several other research firms have also recently commented on NXST. Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price target for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Benchmark increased their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Monday. Guggenheim increased their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $208.43.
Nexstar Media Group Price Performance
NXST opened at $169.06 on Monday. Nexstar Media Group has a one year low of $146.04 and a one year high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The company’s 50 day simple moving average is $157.22 and its 200-day simple moving average is $163.76. The stock has a market capitalization of $5.16 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47.
Nexstar Media Group (NASDAQ:NXST – Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion.
Institutional Investors Weigh In On Nexstar Media Group
Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group during the third quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Nexstar Media Group during the fourth quarter worth $25,000. True Wealth Design LLC bought a new stake in shares of Nexstar Media Group during the third quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group during the third quarter worth $33,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Nexstar Media Group during the third quarter worth $44,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Nexstar Media Group news, insider Gary Weitman sold 1,241 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the sale, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the completion of the sale, the chief executive officer now owns 674,694 shares in the company, valued at approximately $106,203,582.54. This trade represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,455 shares of company stock worth $26,158,403. Company insiders own 6.30% of the company’s stock.
Nexstar Media Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.86 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.40%. Nexstar Media Group’s dividend payout ratio (DPR) is 34.56%.
Nexstar Media Group Company Profile
Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.
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