NXST FY2025 EPS Forecast Reduced by Barrington Research

Nexstar Media Group, Inc. (NASDAQ:NXST) – Analysts at Barrington Research dropped their FY2025 earnings per share (EPS) estimates for shares of Nexstar Media Group in a research note issued to investors on Tuesday, November 12th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of $13.75 per share for the year, down from their prior forecast of $14.37. Barrington Research 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 $25.72 per share.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.

NXST has been the subject of several other research reports. Guggenheim reduced their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a report on Friday, October 4th. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $200.00 to $190.00 in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Wells Fargo & Company dropped their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group Stock Performance

NXST opened at $161.84 on Thursday. The stock has a market cap of $5.02 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a twelve month low of $141.38 and a twelve month high of $191.86. The business’s 50 day moving average is $168.62 and its 200-day moving average is $167.09.

Institutional Investors Weigh In On Nexstar Media Group

Several hedge funds have recently bought and sold shares of NXST. Capital Research Global Investors acquired a new position in shares of Nexstar Media Group in the 1st quarter valued at about $92,323,000. Vanguard Group Inc. boosted its stake in shares of Nexstar Media Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after buying an additional 127,783 shares during the period. Payden & Rygel Investment Group purchased a new position in shares of Nexstar Media Group during the 1st quarter valued at $15,144,000. Copeland Capital Management LLC boosted its position in Nexstar Media Group by 18.1% during the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company’s stock valued at $90,567,000 after purchasing an additional 83,829 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Nexstar Media Group by 72.0% in the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock worth $32,769,000 after purchasing an additional 83,637 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, EVP Rachel Morgan sold 6,196 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $171.30, for a total transaction of $1,061,374.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Perry A. Sook sold 12,239 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,437 shares of company stock valued at $8,429,561. 6.30% of the stock is currently owned by corporate insiders.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.69 per share. The ex-dividend date is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.18%. Nexstar Media Group’s payout ratio is presently 39.10%.

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.