Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) – Barrington Research reduced their Q4 2017 earnings estimates for Nexstar Broadcasting Group in a note issued to investors on Tuesday. Barrington Research analyst J. Goss now anticipates that the company will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.39. Barrington Research also issued estimates for Nexstar Broadcasting Group’s Q1 2018 earnings at $1.20 EPS, Q2 2018 earnings at $1.90 EPS, Q3 2018 earnings at $1.83 EPS, Q4 2018 earnings at $2.78 EPS, FY2018 earnings at $7.70 EPS and FY2019 earnings at $6.45 EPS.

A number of other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $81.00 price target (down from $83.00) on shares of Nexstar Broadcasting Group in a research report on Thursday, August 10th. Deutsche Bank AG increased their price target on shares of Nexstar Broadcasting Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, B. Riley reiterated a “buy” rating and set a $79.00 price target on shares of Nexstar Broadcasting Group in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $82.00.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/11/17/nexstar-broadcasting-group-inc-nxst-to-post-q4-2017-earnings-of-1-30-per-share-barrington-research-forecasts.html.

Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded up $0.70 on Friday, reaching $65.95. 766,857 shares of the company were exchanged, compared to its average volume of 719,361. The stock has a market capitalization of $3,110.00, a P/E ratio of 16.90, a P/E/G ratio of 1.42 and a beta of 2.24. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. Nexstar Broadcasting Group has a 1-year low of $55.95 and a 1-year high of $73.90.

Nexstar Broadcasting Group (NASDAQ:NXST) last announced its earnings results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The business had revenue of $611.87 million for the quarter, compared to the consensus estimate of $609.44 million. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. Nexstar Broadcasting Group’s quarterly revenue was up 122.0% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share.

A number of institutional investors have recently made changes to their positions in NXST. Prudential Financial Inc. purchased a new position in Nexstar Broadcasting Group during the first quarter valued at $637,000. Principal Financial Group Inc. raised its position in shares of Nexstar Broadcasting Group by 17.3% in the 1st quarter. Principal Financial Group Inc. now owns 22,169 shares of the company’s stock worth $1,555,000 after purchasing an additional 3,277 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Nexstar Broadcasting Group by 63.3% in the 1st quarter. Teachers Advisors LLC now owns 79,660 shares of the company’s stock worth $5,588,000 after purchasing an additional 30,876 shares during the last quarter. Legal & General Group Plc raised its position in shares of Nexstar Broadcasting Group by 28.1% in the 1st quarter. Legal & General Group Plc now owns 14,625 shares of the company’s stock worth $1,024,000 after purchasing an additional 3,210 shares during the last quarter. Finally, State Street Corp raised its position in shares of Nexstar Broadcasting Group by 56.0% in the 1st quarter. State Street Corp now owns 828,998 shares of the company’s stock worth $58,158,000 after purchasing an additional 297,562 shares during the last quarter.

In other Nexstar Broadcasting Group news, CEO Perry A. Sook sold 300,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $66.13, for a total transaction of $19,839,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Muse sold 8,473 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $60.03, for a total value of $508,634.19. Following the transaction, the director now directly owns 7,108 shares of the company’s stock, valued at approximately $426,693.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,270,307 shares of company stock worth $77,985,660. 7.80% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is currently 44.94%.

Nexstar Broadcasting Group Company Profile

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)

Receive News & Ratings for Nexstar Broadcasting Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Broadcasting Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.