Barrington Research Reiterates Outperform Rating for Nexstar Media Group (NASDAQ:NXST)

Key Points

• Nexstar Media Group has received an "outperform" rating from Barrington Research, with a target price of $200.00, indicating a potential upside of 5.39% from its current price.
• Despite reporting earnings of $3.37 per share, surpassing estimates, the company's revenue for the quarter was down 3.9% compared to the previous year.
• Insiders sold a total of 21,474 shares of Nexstar stock worth approximately $3.67 million in the last quarter, representing significant reductions in their ownership positions.

Barrington Research reiterated their outperform rating on shares of Nexstar Media Group (NASDAQ:NXST - Free Report) in a research note released on Wednesday,Benzinga reports. They currently have a $200.00 price target on the stock. Barrington Research also issued estimates for Nexstar Media Group's Q3 2025 earnings at $2.84 EPS, Q4 2025 earnings at $4.40 EPS, FY2025 earnings at $13.76 EPS, Q1 2026 earnings at $5.19 EPS, Q2 2026 earnings at $4.52 EPS, Q3 2026 earnings at $6.85 EPS, Q4 2026 earnings at $10.18 EPS, FY2026 earnings at $26.57 EPS, Q1 2027 earnings at $5.28 EPS, Q2 2027 earnings at $3.75 EPS and FY2027 earnings at $17.35 EPS.

Other equities research analysts have also recently issued reports about the stock. Benchmark decreased their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company cut their price target on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Nexstar Media Group Trading Down 2.2%

Shares of NASDAQ:NXST traded down $4.03 during midday trading on Wednesday, reaching $183.08. The company's stock had a trading volume of 8,028 shares, compared to its average volume of 418,639. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The business has a 50 day moving average price of $176.60 and a 200 day moving average price of $166.17. Nexstar Media Group has a 1 year low of $141.66 and a 1 year high of $192.36. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.11. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Nexstar Media Group had a return on equity of 29.21% and a net margin of 12.21%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $5.16 EPS. Research analysts forecast that Nexstar Media Group will post 21.62 EPS for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.1%. Nexstar Media Group's dividend payout ratio (DPR) is 37.69%.

Insider Activity at Nexstar Media Group

In other news, EVP Blake Russell sold 507 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total value of $83,781.75. Following the completion of the sale, the executive vice president owned 24,826 shares of the company's stock, valued at $4,102,496.50. This represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Zimmer sold 889 shares of Nexstar Media Group stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total transaction of $146,907.25. Following the transaction, the insider owned 6,201 shares in the company, valued at $1,024,715.25. The trade was a 12.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,474 shares of company stock valued at $3,666,988 over the last quarter. Company insiders own 6.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its holdings in shares of Nexstar Media Group by 375.0% during the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company's stock valued at $26,000 after buying an additional 120 shares during the period. LRI Investments LLC purchased a new position in Nexstar Media Group in the 2nd quarter worth approximately $43,000. Whipplewood Advisors LLC grew its position in Nexstar Media Group by 830.3% in the first quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after acquiring an additional 274 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nexstar Media Group by 2,293.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock valued at $69,000 after acquiring an additional 367 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Nexstar Media Group by 62.3% during the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock worth $72,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

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.