FY2025 EPS Estimates for NXST Lowered by Barrington Research

Nexstar Media Group, Inc. (NASDAQ:NXST) – Analysts at Barrington Research dropped their FY2025 earnings per share (EPS) estimates for Nexstar Media Group in a report issued 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 previous 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 announced its quarterly 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 business 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 company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company dropped their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Finally, Loop Capital downgraded Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on 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

Shares of NASDAQ NXST opened at $166.18 on Thursday. 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 has a 52-week low of $141.38 and a 52-week high of $191.86. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.19 and a beta of 1.48. The stock’s fifty day simple moving average is $168.61 and its 200 day simple moving average is $167.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Nexstar Media Group by 3.9% in 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 last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Nexstar Media Group during the second quarter valued at about $570,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Nexstar Media Group by 17.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 98,272 shares of the company’s stock worth $16,932,000 after purchasing an additional 14,574 shares in the last quarter. Bessemer Group Inc. boosted its stake in Nexstar Media Group by 24.3% during the first quarter. Bessemer Group Inc. now owns 81,875 shares of the company’s stock valued at $14,106,000 after buying an additional 15,982 shares during the period. Finally, AQR Capital Management LLC lifted its position in Nexstar Media Group by 72.0% during the second quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock valued at $32,769,000 after purchasing an additional 83,637 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, EVP Blake Russell sold 2,782 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $169.92, for a total value of $472,717.44. Following the completion of the transaction, the executive vice president now directly owns 22,329 shares in the company, valued at approximately $3,794,143.68. This represents a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Alford sold 3,175 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $167.82, for a total transaction of $532,828.50. Following the sale, the insider now owns 9,173 shares of the company’s stock, valued at approximately $1,539,412.86. This trade represents a 25.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,437 shares of company stock worth $8,429,561. Company insiders own 6.30% of the company’s stock.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, November 15th. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

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.