Nexstar Media Group (NASDAQ:NXST - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $7.56 EPS for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66), Zacks reports. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion.
Nexstar Media Group Stock Performance
Shares of NXST traded up $3.81 on Monday, reaching $172.96. 822,988 shares of the company's stock traded hands, compared to its average volume of 351,307. The stock's 50 day simple moving average is $155.29 and its two-hundred day simple moving average is $163.47. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a 52-week low of $146.04 and a 52-week high of $191.86. The stock has a market cap of $5.37 billion, a PE ratio of 10.00, a PEG ratio of 0.45 and a beta of 1.45.
Nexstar Media Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. Nexstar Media Group's payout ratio is presently 43.03%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on NXST shares. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $190.00 to $200.00 in a research report on Friday. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday. Barrington Research reiterated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday. Finally, Benchmark upped their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Friday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $210.29.
View Our Latest Report on Nexstar Media Group
Insider Activity
In other Nexstar Media Group news, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $328,900. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisbeth Mcnabb sold 875 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $172.00, for a total value of $150,500.00. Following the completion of the sale, the director now owns 5,752 shares in the company, valued at approximately $989,344. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,493 shares of company stock valued at $20,354,366 in the last ninety days. 6.30% of the stock is currently owned by insiders.
Nexstar Media Group Company Profile
(
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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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