Barrington Research Research Analysts Decrease Earnings Estimates for Nexstar Media Group, Inc. (NASDAQ:NXST)

Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) - Equities researchers at Barrington Research lowered their Q2 2025 earnings per share (EPS) estimates for shares of Nexstar Media Group in a research report issued on Monday, May 13th. Barrington Research analyst J. Goss now anticipates that the company will earn $3.63 per share for the quarter, down from their prior forecast of $4.03. Barrington Research currently has a "Outperform" rating and a $200.00 price target on the stock. The consensus estimate for Nexstar Media Group's current full-year earnings is $26.73 per share.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.28 by $0.88. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Nexstar Media Group had a net margin of 8.29% and a return on equity of 17.18%. Nexstar Media Group's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 EPS.

Several other equities analysts have also recently issued reports on the company. Rosenblatt Securities decreased their price objective on Nexstar Media Group from $216.00 to $213.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Loop Capital raised Nexstar Media Group to a "strong-buy" rating in a report on Friday. Wells Fargo & Company raised Nexstar Media Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $190.00 to $221.00 in a research report on Monday. TheStreet upgraded Nexstar Media Group from a "c+" rating to a "b-" rating in a research note on Thursday, February 1st. Finally, Benchmark reiterated a "buy" rating and issued a $225.00 price target on shares of Nexstar Media Group in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.00.

Nexstar Media Group Trading Up 3.1 %

Shares of NXST stock traded up $5.48 during trading on Tuesday, hitting $179.69. 408,609 shares of the stock traded hands, compared to its average volume of 339,000. The firm's fifty day moving average price is $165.43 and its 200-day moving average price is $161.39. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $5.90 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.50. Nexstar Media Group has a 52-week low of $132.30 and a 52-week high of $187.32.

Hedge Funds Weigh In On Nexstar Media Group

Several hedge funds have recently bought and sold shares of NXST. Payden & Rygel Investment Group acquired a new position in shares of Nexstar Media Group during the first quarter valued at about $15,144,000. Natixis acquired a new stake in Nexstar Media Group during the first quarter worth $1,930,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Nexstar Media Group by 3.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,677 shares of the company's stock valued at $6,140,000 after buying an additional 1,055 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Nexstar Media Group by 24.3% during the 1st quarter. Bessemer Group Inc. now owns 81,875 shares of the company's stock valued at $14,106,000 after acquiring an additional 15,982 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in Nexstar Media Group in the first quarter worth about $410,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dennis J. Fitzsimons sold 2,000 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the completion of the transaction, the director now directly owns 12,027 shares in the company, valued at $2,054,452.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the completion of the transaction, the director now directly owns 12,027 shares in the company, valued at $2,054,452.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisbeth Mcnabb sold 3,175 shares of Nexstar Media Group stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $168.00, for a total value of $533,400.00. Following the completion of the transaction, the director now owns 5,252 shares of the company's stock, valued at $882,336. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,508 shares of company stock worth $7,487,950. Corporate insiders own 5.90% of the company's stock.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $1.69 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.76 dividend on an annualized basis and a yield of 3.76%. Nexstar Media Group's dividend payout ratio (DPR) is 57.19%.

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.