Equities analysts forecast that Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) will announce earnings per share of $0.94 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Nexstar Broadcasting Group’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.88. Nexstar Broadcasting Group posted earnings of $0.78 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.5%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, November 6th.

On average, analysts expect that Nexstar Broadcasting Group will report full year earnings of $3.32 per share for the current fiscal year, with EPS estimates ranging from $3.13 to $3.49. For the next fiscal year, analysts forecast that the firm will post earnings of $7.43 per share, with EPS estimates ranging from $6.65 to $8.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Nexstar Broadcasting Group.

Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. The firm had revenue of $626.11 million during the quarter, compared to analysts’ expectations of $608.23 million. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The company’s quarterly revenue was up 139.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS.

A number of analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $81.00 price target (down from $83.00) on shares of Nexstar Broadcasting Group in a research note on Thursday, August 10th. BidaskClub raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Nexstar Broadcasting Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reissued an “outperform” rating and set a $85.00 price target on shares of Nexstar Broadcasting Group in a research note on Friday, July 14th. Finally, ValuEngine lowered Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Nexstar Broadcasting Group currently has a consensus rating of “Buy” and an average price target of $80.22.

In related news, insider Julie Pruett sold 3,000 shares of Nexstar Broadcasting Group stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $60.01, for a total value of $180,030.00. Following the transaction, the insider now directly owns 11,985 shares of the company’s stock, valued at $719,219.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John R. Muse sold 641,240 shares of Nexstar Broadcasting Group stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $60.10, for a total value of $38,538,524.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 972,682 shares of company stock worth $58,308,393. 7.80% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of NXST. BlackRock Inc. lifted its stake in shares of Nexstar Broadcasting Group by 118,109.1% in the first quarter. BlackRock Inc. now owns 2,975,324 shares of the company’s stock worth $208,720,000 after acquiring an additional 2,972,807 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Nexstar Broadcasting Group in the second quarter worth approximately $73,774,000. Vanguard Group Inc. lifted its stake in shares of Nexstar Broadcasting Group by 54.3% in the first quarter. Vanguard Group Inc. now owns 3,439,610 shares of the company’s stock worth $241,289,000 after acquiring an additional 1,209,744 shares during the period. Royal Bank of Canada lifted its stake in shares of Nexstar Broadcasting Group by 62.0% in the second quarter. Royal Bank of Canada now owns 1,071,694 shares of the company’s stock worth $64,089,000 after acquiring an additional 410,332 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Nexstar Broadcasting Group by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,223,810 shares of the company’s stock worth $85,850,000 after acquiring an additional 384,696 shares during the period.

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Shares of Nexstar Broadcasting Group (NASDAQ NXST) traded up 1.91% during mid-day trading on Friday, reaching $61.25. The company’s stock had a trading volume of 652,436 shares. The company has a 50-day moving average of $60.49 and a 200-day moving average of $62.01. The firm has a market cap of $2.83 billion, a PE ratio of 25.20 and a beta of 2.22. Nexstar Broadcasting Group has a 12 month low of $47.00 and a 12 month high of $73.90.

About Nexstar Broadcasting Group

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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

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