Nexstar Media Group (NXST) to Release Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is projected to release its Q1 2025 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) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of NASDAQ:NXST opened at $155.37 on Tuesday. The firm has a market capitalization of $4.74 billion, a PE ratio of 8.99, 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 1 year low of $141.66 and a 1 year high of $191.86. The business’s 50 day moving average price is $163.20 and its 200-day moving average price is $162.34.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.79%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 34.56%.

Insider Transactions at Nexstar Media Group

In other news, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 in the company, valued at approximately $137,563,262.73. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Alford sold 3,768 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock worth $6,722,463 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NXST shares. Guggenheim lifted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Benchmark lifted their target price on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 28th. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company cut their price objective on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.