Nexstar Media Group (NXST) Projected to Post Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $3.26 per share and revenue of $1.23 billion for the quarter.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.22 by ($1.66). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. On average, analysts expect Nexstar Media Group to post $22 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Nexstar Media Group Price Performance

NASDAQ:NXST traded up $7.98 during trading hours on Friday, reaching $152.66. 779,004 shares of the company traded hands, compared to its average volume of 380,689. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The firm's 50-day moving average is $163.01 and its 200-day moving average is $162.54. The stock has a market cap of $4.66 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.45 and a beta of 1.06. Nexstar Media Group has a 1-year low of $141.66 and a 1-year high of $191.86.

Insider Activity

In related news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the transaction, the insider now directly owns 5,405 shares in the company, valued at $983,601.90. The trade was a 41.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the sale, the chief executive officer now directly owns 806,019 shares of the company's stock, valued at approximately $137,563,262.73. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,105 shares of company stock valued at $6,722,463. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXST. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $190.00 to $200.00 in a report on Friday, February 28th. StockNews.com lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wells Fargo & Company decreased their price target on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Benchmark lifted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 28th. One 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, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.14.

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.