Q1 2025 Earnings Estimate for Nexstar Media Group, Inc. (NASDAQ:NXST) Issued By Barrington Research

Nexstar Media Group, Inc. (NASDAQ:NXST) – Research analysts at Barrington Research lowered their Q1 2025 EPS estimates for Nexstar Media Group in a report released on Tuesday, August 13th. Barrington Research analyst J. Goss now expects that the company will post earnings of $3.44 per share for the quarter, down from their previous estimate 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.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $2.64 EPS. Nexstar Media Group’s revenue for the quarter was up 2.3% on a year-over-year basis.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $225.00 target price on shares of Nexstar Media Group in a research note on Friday, August 9th. Loop Capital upgraded shares of Nexstar Media Group to a “strong-buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company cut 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 report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $201.67.

Nexstar Media Group Stock Performance

Shares of NXST opened at $160.61 on Wednesday. Nexstar Media Group has a 1 year low of $132.30 and a 1 year high of $187.27. 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 stock’s fifty day moving average price is $166.55 and its two-hundred day moving average price is $166.18. The firm has a market cap of $5.29 billion, a PE ratio of 13.59, a PEG ratio of 0.65 and a beta of 1.50.

Hedge Funds Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. bought a new stake in Nexstar Media Group in the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Nexstar Media Group by 632.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 177 shares in the last quarter. First United Bank & Trust bought a new stake in shares of Nexstar Media Group in the 4th quarter worth approximately $33,000. SRS Capital Advisors Inc. boosted its stake in shares of Nexstar Media Group by 350.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock valued at $37,000 after purchasing an additional 186 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after purchasing an additional 259 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nexstar Media Group news, EVP Blake Russell sold 433 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $167.43, for a total value of $72,497.19. Following the sale, the executive vice president now owns 25,537 shares of the company’s stock, valued at approximately $4,275,659.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Nexstar Media Group news, EVP Blake Russell sold 433 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $167.43, for a total value of $72,497.19. Following the completion of the transaction, the executive vice president now owns 25,537 shares of the company’s stock, valued at approximately $4,275,659.91. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Weitman sold 522 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $149.08, for a total transaction of $77,819.76. Following the sale, the insider now owns 12,477 shares in the company, valued at approximately $1,860,071.16. The disclosure for this sale can be found here. Insiders sold a total of 7,810 shares of company stock worth $1,235,704 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Friday, August 9th. Nexstar Media Group’s dividend payout ratio is 57.19%.

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.