NXST FY2025 EPS Estimate Lowered by Barrington Research

Nexstar Media Group, Inc. (NASDAQ:NXST) – Barrington Research lowered their FY2025 EPS estimates for shares of Nexstar Media Group in a report issued on Tuesday, November 12th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $13.75 for the year, down from their previous forecast of $14.37. Barrington Research currently has a “Outperform” rating and a $200.00 price objective 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 announced 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). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS.

A number of other analysts also recently commented on NXST. Benchmark restated a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Guggenheim reduced their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company dropped their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.50.

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $161.84 on Thursday. The company has a market cap of $5.02 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.19 and a beta of 1.48. The firm’s 50 day moving average is $168.62 and its two-hundred day moving average is $167.09. Nexstar Media Group has a fifty-two week low of $141.38 and a fifty-two week high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.18%. Nexstar Media Group’s payout ratio is currently 39.10%.

Insider Activity

In related news, Director Charles Thomas Mcmillen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the transaction, the director now owns 7,975 shares in the company, valued at approximately $1,276,000. The trade was a 11.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Strober sold 1,076 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.50, for a total value of $180,230.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,437 shares of company stock worth $8,429,561. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Nexstar Media Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Nexstar Media Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock worth $580,689,000 after purchasing an additional 127,783 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Nexstar Media Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company’s stock worth $220,189,000 after purchasing an additional 62,331 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Nexstar Media Group by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock valued at $179,149,000 after buying an additional 7,117 shares during the last quarter. Copeland Capital Management LLC raised its stake 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 buying an additional 83,829 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in Nexstar Media Group during the 1st quarter worth approximately $92,323,000. 95.30% of the stock is owned by institutional investors and hedge funds.

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.