Nexstar Media Group, Inc. to Post Q1 2025 Earnings of $3.44 Per Share, Barrington Research Forecasts (NASDAQ:NXST)

Nexstar Media Group, Inc. (NASDAQ:NXST) – Barrington Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Nexstar Media Group in a research report issued to clients and investors on Tuesday, August 13th. Barrington Research analyst J. Goss now anticipates that the company will earn $3.44 per share for the quarter, down from their prior forecast of $3.79. Barrington Research 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 $27.62 per share.

NXST has been the subject of a number of other reports. 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. Loop Capital raised shares of Nexstar Media Group to a “strong-buy” rating in a research note on Friday, May 10th. Benchmark reaffirmed a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a research report on Friday, August 9th. Finally, Wells Fargo & Company decreased their price objective 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average price target of $201.67.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $160.61 on Wednesday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50-day moving average of $166.55 and a 200-day moving average of $166.18. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.65 and a beta of 1.50. Nexstar Media Group has a fifty-two week low of $132.30 and a fifty-two week high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, August 8th. The company reported $3.54 earnings per share for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.29% and a return on equity of 17.18%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $2.64 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.21%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 57.19%.

Insider Buying and Selling

In other Nexstar Media Group news, CFO Lee Ann Gliha sold 326 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $160.00, for a total value of $52,160.00. Following the transaction, the chief financial officer now directly owns 5,462 shares of the company’s stock, valued at approximately $873,920. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $166.08, for a total value of $244,968.00. Following the completion of the sale, the director now directly owns 6,175 shares in the company, valued at $1,025,544. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Lee Ann Gliha sold 326 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $160.00, for a total value of $52,160.00. Following the completion of the sale, the chief financial officer now owns 5,462 shares of the company’s stock, valued at $873,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,810 shares of company stock valued at $1,235,704. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Nexstar Media Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXST. International Assets Investment Management LLC raised its stake in Nexstar Media Group by 15,107.2% in the fourth quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock valued at $19,213,000 after purchasing an additional 121,764 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Nexstar Media Group in the 4th quarter valued at approximately $208,000. Louisiana State Employees Retirement System bought a new stake in shares of Nexstar Media Group during the 4th quarter worth approximately $1,426,000. Signet Financial Management LLC boosted its position in shares of Nexstar Media Group by 10.4% during the 4th quarter. Signet Financial Management LLC now owns 2,603 shares of the company’s stock worth $408,000 after acquiring an additional 246 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in Nexstar Media Group by 10.0% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,998 shares of the company’s stock valued at $470,000 after acquiring an additional 273 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

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.