Nexstar Media Group (NASDAQ:NXST – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Stock Analysis on Nexstar Media Group
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.
Featured Articles
- Five stocks we like better than Nexstar Media Group
- What is a Death Cross in Stocks?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Compound Interest and Why It Matters When Investing
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- How to invest in marijuana stocks in 7 stepsĀ
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.