Nexstar Media Group (NXST) to Release Quarterly Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is anticipated to issue its quarterly earnings data 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 participating in the company’s conference call can do so using this link.

Nexstar Media Group Price Performance

NXST opened at $154.34 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a 52-week low of $147.25 and a 52-week high of $191.86. The company has a 50 day moving average of $156.23 and a two-hundred day moving average of $163.88. The company has a market cap of $4.79 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.44 and a beta of 1.45.

Nexstar Media Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.86 per share. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.82%. The ex-dividend date is Wednesday, February 12th. Nexstar Media Group’s payout ratio is currently 43.03%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director John R. Muse sold 2,385 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $170.16, for a total transaction of $405,831.60. Following the completion of the sale, the director now owns 25,978 shares in the company, valued at $4,420,416.48. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Perry A. Sook sold 35,205 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $162.13, for a total transaction of $5,707,786.65. Following the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $109,388,138.22. The trade was a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,209 shares of company stock valued at $21,499,239 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NXST shares. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Guggenheim reissued a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Loop Capital cut shares of 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 report on Friday, November 8th. Finally, StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.29.

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.