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Nexstar Broadcasting Group (NASDAQ:NXST) posted its quarterly earnings results on Thursday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02, Analyst Ratings reports. The company had revenue of $143.90 million for the quarter, compared to the consensus estimate of $144.12 million. During the same quarter last year, the company posted $0.20 earnings per share. Nexstar Broadcasting Group’s revenue was up 14.0% compared to the same quarter last year.

Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded up 6.51% on Thursday, hitting $49.40. The stock had a trading volume of 79,449 shares. Nexstar Broadcasting Group has a 1-year low of $28.88 and a 1-year high of $56.42. The stock’s 50-day moving average is $48.19 and its 200-day moving average is $43.45. The company has a market cap of $1.513 billion and a price-to-earnings ratio of 288.07.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, August 13th.

A number of research firms have recently commented on NXST. Analysts at Noble Financial initiated coverage on shares of Nexstar Broadcasting Group in a research note on Wednesday, July 9th. They set a “hold” rating on the stock. On a related note, analysts at Wedbush raised their price target on shares of Nexstar Broadcasting Group from $48.00 to $55.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Nexstar Broadcasting Group in a research note on Wednesday, June 25th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.93.

Nexstar Broadcasting Group, Inc (NASDAQ:NXST) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States.

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