Positive News Coverage Somewhat Unlikely to Impact Nexstar Broadcasting Group (NXST) Stock Price
Headlines about Nexstar Broadcasting Group (NASDAQ:NXST) have been trending positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexstar Broadcasting Group earned a news impact score of 0.41 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7349130745692 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Nexstar Media Group to Launch Bounce, Escape, Grit & Laff on 43 New Channels, Renews and Extends 21 Current Station Agreements (finance.yahoo.com)
- Analysts Issue Forecasts for Nexstar Broadcasting Group, Inc.’s Q3 2017 Earnings (NXST) (americanbankingnews.com)
- Nexstar Broadcasting Group, Inc. (NXST) Insider Gary Michael Vaughn Sells 200 Shares (americanbankingnews.com)
- Nexstar Broadcasting Group, Inc. (NXST) Now Covered by FBR & Co (americanbankingnews.com)
- Nexstar Broadcasting Group, Inc. (NXST) Announces $0.30 Quarterly Dividend (americanbankingnews.com)
Several equities analysts have recently issued reports on NXST shares. BidaskClub upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Guggenheim started coverage on Nexstar Broadcasting Group in a research report on Wednesday, October 18th. They set a “buy” rating and a $90.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price target on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $81.00 price target on shares of Nexstar Broadcasting Group in a research report on Monday, September 18th. Finally, Zacks Investment Research upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Nexstar Broadcasting Group presently has an average rating of “Buy” and a consensus price target of $80.00.
Nexstar Broadcasting Group (NASDAQ:NXST) opened at $63.05 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.92 and a beta of 2.24. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.64.
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, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.01. The company 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%. Nexstar Broadcasting Group’s revenue for the quarter was up 139.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. research analysts forecast that Nexstar Broadcasting Group will post 3.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s payout ratio is 48.78%.
In related news, CFO Thomas Carter sold 3,125 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $63.50, for a total value of $198,437.50. Following the completion of the sale, the chief financial officer now directly owns 67,836 shares in the company, valued at approximately $4,307,586. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Miller sold 4,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $63.49, for a total transaction of $285,705.00. The disclosure for this sale can be found here. Insiders sold a total of 977,932 shares of company stock valued at $58,630,802 over the last quarter. 7.80% of the stock is currently owned by company insiders.
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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.
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