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

Nexstar Media Group (NASDAQ:NXST) is set to announce 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $3.54 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.94). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. Nexstar Media Group’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 EPS. 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 Up 1.1 %

Shares of NASDAQ:NXST opened at $178.41 on Thursday. The business’s 50 day moving average is $167.36 and its 200 day moving average is $166.12. Nexstar Media Group has a 12-month low of $137.68 and a 12-month high of $187.27. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.19 and a beta of 1.49. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, insider Gary Weitman sold 7,261 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $164.80, for a total value of $1,196,612.80. Following the sale, the insider now owns 5,216 shares of the company’s stock, valued at $859,596.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Charles Thomas Mcmillen sold 250 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the transaction, the director now owns 7,725 shares of the company’s stock, valued at $1,270,299. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Weitman sold 7,261 shares of the firm’s stock in a transaction dated 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 owns 5,216 shares in the company, valued at $859,596.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,112 shares of company stock valued at $6,887,029. 6.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NXST has been the subject of a number of recent analyst reports. Guggenheim reduced their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Benchmark reduced their price target on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company decreased their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.71.

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.