Analysts Offer Predictions for NXST FY2025 Earnings

Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) - Investment analysts at Barrington Research decreased their FY2025 earnings per share estimates for Nexstar Media Group in a report issued on Tuesday, November 12th. Barrington Research analyst J. Goss now forecasts that the company will earn $13.75 per share for the year, down from their previous 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.

NXST has been the topic of a number of other research reports. Guggenheim dropped their price target on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company lowered their price target on Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Loop Capital downgraded Nexstar Media Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Benchmark reiterated a "buy" rating and set a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Nexstar Media Group currently has an average rating of "Moderate Buy" and a consensus price target of $198.50.

Nexstar Media Group Trading Up 0.1 %

NXST traded up $0.10 during midday trading on Thursday, reaching $166.18. 295,185 shares of the company were exchanged, compared to its average volume of 329,320. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group has a one year low of $141.38 and a one year high of $191.86. The stock has a market capitalization of $5.16 billion, a P/E ratio of 9.62, a PEG ratio of 0.19 and a beta of 1.48. The stock's 50-day simple moving average is $168.54 and its 200 day simple moving average is $167.12.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Nexstar Media Group's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid 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 dividend payout ratio (DPR) is presently 39.10%.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Sean Compton sold 3,930 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the transaction, the insider now directly owns 10,684 shares of the company's stock, valued at $1,715,957.24. This represents a 26.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Strober sold 1,076 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.50, for a total value of $180,230.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,367 shares of company stock valued at $9,060,758. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nexstar Media Group

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its stake in Nexstar Media Group by 15.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,430 shares of the company's stock valued at $419,000 after purchasing an additional 327 shares during the period. QRG Capital Management Inc. grew its stake in Nexstar Media Group by 10.1% in the 1st quarter. QRG Capital Management Inc. now owns 4,493 shares of the company's stock valued at $774,000 after purchasing an additional 413 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Nexstar Media Group by 17.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 98,272 shares of the company's stock valued at $16,932,000 after purchasing an additional 14,574 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Nexstar Media Group by 88.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,744 shares of the company's stock valued at $807,000 after purchasing an additional 2,225 shares during the period. Finally, Vanguard Group Inc. grew its stake in Nexstar Media Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company's stock valued at $580,689,000 after purchasing an additional 127,783 shares during the period. Institutional investors own 95.30% of the company's stock.

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.