Barrington Research reiterated their outperform rating on shares of Nexstar Media Group (NASDAQ:NXST - Free Report) in a research note published on Tuesday,Benzinga reports. Barrington Research currently has a $200.00 price objective on the stock. Barrington Research also issued estimates for Nexstar Media Group's Q2 2025 earnings at $3.05 EPS, Q3 2025 earnings at $2.42 EPS, Q4 2025 earnings at $4.02 EPS, FY2025 earnings at $12.98 EPS, Q1 2026 earnings at $4.82 EPS, Q2 2026 earnings at $3.89 EPS, Q3 2026 earnings at $6.35 EPS, Q4 2026 earnings at $10.32 EPS, FY2026 earnings at $25.22 EPS and FY2027 earnings at $13.11 EPS.
A number of other brokerages have also recently issued reports on NXST. Benchmark decreased their price objective on shares of Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. StockNews.com lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their target price for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.71.
Check Out Our Latest Stock Analysis on NXST
Nexstar Media Group Price Performance
NASDAQ:NXST traded up $0.44 during mid-day trading on Tuesday, reaching $176.53. The stock had a trading volume of 355,982 shares, compared to its average volume of 391,571. The stock has a 50-day simple moving average of $162.60 and a two-hundred day simple moving average of $162.24. The stock has a market capitalization of $5.39 billion, a PE ratio of 10.21, a P/E/G ratio of 0.45 and a beta of 1.06. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $191.86.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.11. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share. On average, equities analysts anticipate that Nexstar Media Group will post 21.62 earnings per share for the current year.
Nexstar Media Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.21%. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.
Insider Transactions at Nexstar Media Group
In other news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total transaction of $685,700.64. Following the transaction, the insider now owns 5,405 shares in the company, valued at approximately $983,601.90. The trade was a 41.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the transaction, the chief executive officer now owns 806,019 shares in the company, valued at approximately $137,563,262.73. This trade represents a 3.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,105 shares of company stock worth $6,722,463. Company insiders own 6.30% of the company's stock.
Hedge Funds Weigh In On Nexstar Media Group
A number of hedge funds have recently modified their holdings of NXST. KBC Group NV raised its stake in Nexstar Media Group by 1,801.8% during the fourth quarter. KBC Group NV now owns 17,230 shares of the company's stock worth $2,722,000 after buying an additional 16,324 shares during the last quarter. Entropy Technologies LP bought a new position in Nexstar Media Group during the fourth quarter worth $506,000. Barclays PLC raised its stake in Nexstar Media Group by 16.8% during the third quarter. Barclays PLC now owns 45,051 shares of the company's stock worth $7,448,000 after buying an additional 6,475 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Nexstar Media Group during the fourth quarter worth $1,264,000. Finally, Pacer Advisors Inc. raised its stake in Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after buying an additional 1,202,453 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.
About Nexstar Media Group
(
Get Free Report)
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.
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