Nexstar Media Group (NXST) Expected to Announce Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $9.22 per share and revenue of $1.48 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Nexstar Media Group Stock Performance

NASDAQ NXST traded down $5.02 on Friday, reaching $149.56. 447,822 shares of the stock were exchanged, compared to its average volume of 266,849. 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 one year low of $147.25 and a one year high of $191.86. The firm has a market capitalization of $4.64 billion, a PE ratio of 8.65, a PEG ratio of 0.45 and a beta of 1.45. The company's 50-day simple moving average is $155.72 and its two-hundred day simple moving average is $163.69.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.97%. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date of this dividend is Wednesday, February 12th. Nexstar Media Group's dividend payout ratio (DPR) is presently 43.03%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NXST. Barrington Research reiterated an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. Guggenheim reiterated a "buy" rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Loop Capital cut Nexstar Media Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Benchmark restated a "buy" rating and issued a $215.00 price target on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Nexstar Media Group currently has an average rating of "Moderate Buy" and an average price target of $204.29.

Insider Activity

In related news, Director Lisbeth Mcnabb sold 875 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the sale, the director now owns 5,752 shares of the company's stock, valued at $989,344. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Thomas Mcmillen sold 750 shares of Nexstar Media Group stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $159.93, for a total transaction of $119,947.50. Following the completion of the transaction, the director now directly owns 6,975 shares of the company's stock, valued at $1,115,511.75. The trade was a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,824 shares of company stock worth $21,093,408. 6.30% of the stock is currently owned by insiders.

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.