Brokerages Expect Nexstar Media Group Inc (NXST) Will Post Quarterly Sales of $617.81 Million

Equities research analysts expect Nexstar Media Group Inc (NASDAQ:NXST) to report $617.81 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Nexstar Media Group’s earnings, with the lowest sales estimate coming in at $600.60 million and the highest estimate coming in at $630.68 million. Nexstar Media Group posted sales of $540.32 million in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, May 9th.

On average, analysts expect that Nexstar Media Group will report full year sales of $2.74 billion for the current year, with estimates ranging from $2.70 billion to $2.79 billion. For the next year, analysts anticipate that the business will report sales of $2.73 billion per share, with estimates ranging from $2.69 billion to $2.79 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Nexstar Media Group.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Tuesday, February 27th. The company reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.23. The firm had revenue of $653.66 million for the quarter, compared to the consensus estimate of $645.98 million. Nexstar Media Group had a net margin of 19.53% and a return on equity of 14.44%. The business’s quarterly revenue was up 110.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share.

Several equities analysts have commented on NXST shares. BidaskClub downgraded shares of Nexstar Media Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 3rd. Noble Financial reissued a “buy” rating on shares of Nexstar Media Group in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, February 7th. Wells Fargo reissued an “outperform” rating and set a $102.00 target price (up from $93.00) on shares of Nexstar Media Group in a research report on Thursday, January 4th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $95.00 target price on shares of Nexstar Media Group in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $87.67.

Nexstar Media Group stock opened at $65.60 on Tuesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $2,874.92, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.59 and a beta of 1.77. Nexstar Media Group has a one year low of $55.95 and a one year high of $82.95.

Large investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at about $132,000. Advisor Group Inc. grew its position in shares of Nexstar Media Group by 86.5% in the fourth quarter. Advisor Group Inc. now owns 2,331 shares of the company’s stock valued at $183,000 after purchasing an additional 1,081 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at about $225,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at about $237,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at about $287,000.

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Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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Earnings History and Estimates for Nexstar Media Group (NASDAQ:NXST)

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