Earnings accrued after January 17 include revenue from Media General properties but eliminate revenue from six stations Nexstar sold through divestiture. The company's last traded volume of 1.44 million shares was up it's an average volume of 0.53 million shares.
The rise was fueled by a 116% jump in core ad revenue, which hit $280 million, according to the earnings report issued Tuesday.
02/17/2015 - Nexstar Broadcasting Group, Inc. was downgraded to "neutral" by analysts at Zacks.
Several sell side analysts reviewed their recommendations on Nexstar Broadcasting Group, Inc. New York-based Hound Prns has invested 0.15% in Nexstar Media Group Inc (NASDAQ:NXST).
Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Tuesday, February 28th. (NXST). The consensus rating is 1.4, indicating analysts in general look favorably on the company's future prospects. The firm had revenue of $309.88 million during the quarter, compared to analysts' expectations of $318.53 million.
Nexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., is a television broadcasting and digital media company. During the same period in the previous year, the business posted $0.86 EPS.
A number of research firms have recently issued reports on NXST. The stock of Nexstar Media Group Inc (NASDAQ:NXST) earned "Hold" rating by Zacks on Wednesday, August 5. They issued an "outperform" rating and a $83.00 price target on the stock. Wedbush increased their price objective on Nexstar Media Group from $66.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, January 18th. Jefferies Group LLC reaffirmed a "buy" rating and set a $80.00 price target (up from $60.00) on shares of Nexstar Media Group in a report on Friday, March 3rd. Benchmark Co. reissued a "buy" rating and set a $89.00 price objective (up previously from $70.00) on shares of Nexstar Media Group in a research report on Wednesday, March 1st. Nexstar Media Group has an average rating of "Buy" and a consensus price target of $74.56. Nexstar Media Group earned a coverage optimism score of 0.56 on Alpha One's scale. The company's stock had a trading volume of 931,135 shares. The stock has a 50 day moving average price of $68.00 and a 200 day moving average price of $63.50. The company has market cap of $1.30 billion. James Investment Research Inc. bought a new stake in Nexstar Media Group during the first quarter worth about $153,000. Similarly, investors should look for COST to open 0.29% lower in price and for NXST to open 0.48% lower, all else being equal. The ex-dividend date is Wednesday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. Nexstar Media Group's dividend payout ratio is presently 38.59%.
Nexstar Media Group Inc (NASDAQ:NXST) traded up 1.52% during midday trading on Friday, reaching $63.25. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation. 10,833 Nexstar Media Group Inc (NASDAQ:NXST) shares with value of $765,243 were sold by SOOK PERRY A. Also, EVP Thomas O'brien sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $72.31, for a total value of $723,100.00. Following the transaction, the executive vice president now owns 3,210 shares in the company, valued at $224,700. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John R. Muse sold 38,631 shares of the business's stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $70.06, for a total transaction of $386,450.96. Following the sale, the director now owns 7,141 shares of the company's stock, valued at approximately $500,584.10. The disclosure for this sale can be found here. Russell Blake sold $1.06M worth of stock or 15,000 shares.
Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Nexstar Media Group by 1.2% in the third quarter. Bank of Montreal Can now owns 24,263 shares of the company's stock valued at $1,400,000 after buying an additional 23,985 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nexstar Media Group by 98.4% in the first quarter. Nordea Investment Management AB increased its position in shares of Nexstar Media Group by 2.3% in the third quarter. Company insiders own 7.80% of the company's stock.