Nexstar Media Group (NXST) Set to Announce Quarterly Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $5.51 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm posted $2.64 earnings per share. Nexstar Media Group’s quarterly revenue 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 Stock Performance

Shares of NXST stock opened at $178.41 on Thursday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92. The stock has a fifty day moving average of $167.36 and a 200 day moving average of $166.12. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.19 and a beta of 1.49. Nexstar Media Group has a 52 week low of $137.68 and a 52 week high of $187.27.

Insiders Place Their Bets

In related news, insider Gary Weitman sold 7,261 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the sale, the insider now directly owns 5,216 shares of the company’s stock, valued at approximately $859,596.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Lee Ann Gliha sold 984 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total transaction of $155,107.92. Following the transaction, the chief financial officer now directly owns 8,107 shares of the company’s stock, valued at $1,277,906.41. 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 available through the SEC website. Also, insider Gary Weitman sold 7,261 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $164.80, for a total value of $1,196,612.80. Following the sale, the insider now directly owns 5,216 shares in the company, valued at $859,596.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,112 shares of company stock valued at $6,887,029. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, August 8th. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. 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 report on Friday, August 9th. Benchmark dropped their price target on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Guggenheim decreased their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a report on Friday, October 4th. Two research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.71.

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.