Nexstar Media Group (NXST) Scheduled to Post Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Nexstar Media Group to post earnings of $5.51 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $2.64 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect Nexstar Media Group to post $26 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Nexstar Media Group Trading Down 1.4 %

NASDAQ NXST traded down $2.49 during trading hours on Thursday, hitting $175.92. 250,328 shares of the company's stock were exchanged, compared to its average volume of 320,932. The stock has a 50-day simple moving average of $167.55 and a 200 day simple moving average of $166.21. Nexstar Media Group has a 1-year low of $137.68 and a 1-year high of $187.27. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.19 and a beta of 1.49. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92.

Insider Activity

In other news, EVP Rachel Morgan sold 6,196 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $171.30, for a total value of $1,061,374.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Rachel Morgan sold 6,196 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $171.30, for a total value of $1,061,374.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jay M. Grossman sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $170.70, for a total value of $1,707,000.00. Following the completion of the transaction, the director now owns 54,625 shares in the company, valued at $9,324,487.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,112 shares of company stock worth $6,887,029 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NXST shares. Deutsche Bank Aktiengesellschaft decreased their target price on Nexstar Media Group from $207.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Benchmark decreased their target price on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Guggenheim decreased their target price 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. Barrington Research reissued an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Nexstar Media Group has an average rating of "Moderate Buy" and a consensus price target of $199.71.

About Nexstar Media Group

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.