Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) – FBR & Co issued their Q3 2017 earnings estimates for shares of Nexstar Broadcasting Group in a report issued on Monday. FBR & Co analyst B. Crockett anticipates that the company will earn $0.92 per share for the quarter. FBR & Co has a “Buy” rating and a $79.00 price objective on the stock. FBR & Co also issued estimates for Nexstar Broadcasting Group’s Q4 2017 earnings at $1.46 EPS, FY2017 earnings at $3.47 EPS, FY2018 earnings at $7.02 EPS, FY2019 earnings at $5.93 EPS and FY2020 earnings at $8.11 EPS.

Other research analysts have also recently issued reports about the stock. B. Riley FBR, Inc. started coverage on shares of Nexstar Broadcasting Group in a report on Wednesday. They set a “buy” rating and a $79.00 price target for the company. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Deutsche Bank AG started coverage on shares of Nexstar Broadcasting Group in a report on Friday, October 20th. They set a “buy” rating and a $80.00 price target for the company. Guggenheim started coverage on shares of Nexstar Broadcasting Group in a report on Wednesday, October 18th. They set a “buy” rating and a $90.00 price target for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $80.00 price target on shares of Nexstar Broadcasting Group in a report on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Nexstar Broadcasting Group has a consensus rating of “Buy” and an average target price of $80.00.

COPYRIGHT VIOLATION WARNING: “Analysts Issue Forecasts for Nexstar Broadcasting Group, Inc.’s Q3 2017 Earnings (NXST)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/analysts-issue-forecasts-for-nexstar-broadcasting-group-inc-s-q3-2017-earnings-nxst.html. Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The firm had revenue of $626.11 million during the quarter, compared to analyst estimates of $608.23 million. During the same quarter in the previous year, the business earned $0.78 EPS. Nexstar Broadcasting Group’s revenue for the quarter was up 139.0% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is presently 48.78%.

In other Nexstar Broadcasting Group news, Director John R. Muse sold 229,267 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $59.50, for a total value of $13,641,386.50. Following the completion of the transaction, the director now directly owns 4,743 shares of the company’s stock, valued at $282,208.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary Michael Vaughn sold 5,050 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $61.35, for a total transaction of $309,817.50. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $613,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 977,932 shares of company stock valued at $58,630,802. 7.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of NXST. Thompson Siegel & Walmsley LLC purchased a new position in Nexstar Broadcasting Group in the second quarter valued at about $125,000. Bronfman E.L. Rothschild L.P. purchased a new position in Nexstar Broadcasting Group in the second quarter valued at about $145,000. Victory Capital Management Inc. purchased a new position in Nexstar Broadcasting Group in the third quarter valued at about $172,000. SG Americas Securities LLC increased its holdings in Nexstar Broadcasting Group by 48.4% in the first quarter. SG Americas Securities LLC now owns 2,633 shares of the company’s stock valued at $185,000 after buying an additional 859 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Nexstar Broadcasting Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock valued at $214,000 after buying an additional 99 shares in the last quarter.

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.

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

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