NXST FY2025 EPS Estimate Reduced by Barrington Research

Nexstar Media Group, Inc. (NASDAQ:NXST) – Equities researchers at Barrington Research reduced their FY2025 earnings per share (EPS) estimates for shares of Nexstar Media Group in a note issued to investors on Tuesday, November 12th. Barrington Research analyst J. Goss now expects that the company will earn $13.75 per share for the year, down from their prior estimate of $14.37. 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 $25.72 per share.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $0.70 earnings per share. Nexstar Media Group’s quarterly revenue was up 20.7% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Guggenheim decreased their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Benchmark reissued a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group Trading Down 1.2 %

Shares of NASDAQ:NXST opened at $166.08 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company’s 50-day moving average price is $168.54 and its 200 day moving average price is $167.12. The company has a market cap of $5.15 billion, a PE ratio of 9.61, a P/E/G ratio of 0.19 and a beta of 1.48. Nexstar Media Group has a fifty-two week low of $141.38 and a fifty-two week high of $191.86.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, November 15th. Nexstar Media Group’s payout ratio is currently 39.10%.

Insiders Place Their Bets

In related news, CEO Perry A. Sook sold 12,239 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $128,380,774.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the transaction, the director now owns 7,975 shares of the company’s stock, valued at $1,276,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,367 shares of company stock valued at $9,060,758 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Nexstar Media Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CX Institutional grew its position in Nexstar Media Group by 5.0% during the third quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after buying an additional 67 shares in the last quarter. Granite Group Advisors LLC boosted its stake in Nexstar Media Group by 5.1% during the first quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock worth $257,000 after buying an additional 72 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after acquiring an additional 74 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Nexstar Media Group by 0.6% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock valued at $2,308,000 after purchasing an additional 87 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Nexstar Media Group by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.