Barrington Research, a leading investment analysis firm, has revised down its earnings per share (EPS) estimates for Nexstar Media Group (NXST) in the fourth quarter of 2024. According to a research note issued to investors on May 11th, analyst J. Goss now expects the company to earn $10.61 per share, a decrease from the previous estimate of $11.07. Barrington Research maintains an “Outperform” rating on the Nexstar stock with a price target of $235.00. The consensus estimate for Nexstar Media Group’s full-year earnings currently stands at $11.17 per share.
Nexstar Media Group announced its earnings results on February 28th, surpassing expectations with $8.04 earnings per share for the quarter, exceeding the consensus estimate by $0.47. The company demonstrated a return on equity of 37.40% and a net margin of 18.64%. However, the reported revenue of $1.49 billion fell slightly short of the consensus estimate of $1.51 billion.
Additional research reports on NXST stock have emerged recently. Benchmark reaffirmed its “buy” rating on Nexstar Media Group shares and set a target price of $230.00. Meanwhile, STA Research data indicates that the stock has an average rating of “Strong Buy” with a consensus price target of $221.40.
Nexstar Media Group’s (NXST) began trading at $159.79 on Monday. The company has a debt-to-equity ratio of 2.47, a quick ratio and current ratio of 1.81, and a market capitalization of $5.75 billion. Over the past year, the stock has ranged from a low of $152.29 to a high of $217.76. Its 50-day simple moving average stands at $168.85, while the 200-day simple moving average is $178.07. With a price-to-earnings ratio of 6.62 and a beta of 1.47, Nexstar Media Group holds a PEG ratio of 1.49.
In other news, Nexstar Media Group has announced a quarterly dividend to be paid on May 26th. Shareholders of record as of May 12th will receive a dividend of $1.35 per share. This equates to an annualized dividend of $5.40 and a yield of 3.38%. The ex-dividend date for this payout is May 11th. Nexstar Media Group’s current payout ratio stands at 22.36%.
Despite the revised earnings estimate, Nexstar Media Group continues to be rated favorably by analysts, with expectations of strong performance in the coming quarters. Investors will be closely monitoring the company’s financial results and market developments as they position themselves for potential returns. Stay up-to-date with the latest NXST stock forecast to make informed investment decisions.
NXST Stock Analysis & Forecast
Nexstar Broadcasting Group Inc (NXST) Stock Forecast: Analysts project an average target price of USD 228.50 over the next 12 months, with a Strong Buy rating. Stock Target Advisor’s analysis indicates a Bullish outlook based on positive signals. Currently trading at USD 161.45, the stock has experienced -2.75% change in the past week, -9.57% in the past month, and -6.20% in the last year.