Nexstar Media Group (NXST) Projected to Post Quarterly Earnings on Thursday

Nexstar Media Group (NASDAQ:NXST) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $9.22 per share and revenue of $1.48 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Nexstar Media Group Price Performance

Shares of NXST opened at $150.59 on Tuesday. Nexstar Media Group has a 1-year low of $147.13 and a 1-year high of $191.86. The stock has a market cap of $4.67 billion, a PE ratio of 8.71, a P/E/G ratio of 0.45 and a beta of 1.45. The firm has a 50-day simple moving average of $155.47 and a two-hundred day simple moving average of $163.48. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.86 per share. The ex-dividend date is Wednesday, February 12th. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.94%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 43.03%.

Insider Activity

In related news, CFO Lee Ann Gliha sold 330 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $158.23, for a total value of $52,215.90. Following the transaction, the chief financial officer now directly owns 8,610 shares of the company’s stock, valued at $1,362,360.30. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the completion of the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. This trade represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,493 shares of company stock worth $20,354,366. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.29.

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.