Nexstar Broadcasting Group Inc. (NASDAQ:NXST) – Equities research analysts at Barrington Research reduced their Q1 2017 earnings per share estimates for shares of Nexstar Broadcasting Group in a research report issued on Monday. Barrington Research analyst J. Goss now anticipates that the firm will earn $0.60 per share for the quarter, down from their previous estimate of $0.61. Barrington Research also issued estimates for Nexstar Broadcasting Group’s Q3 2017 earnings at $0.49 EPS.

A number of other analysts have also recently commented on NXST. Zacks Investment Research upgraded shares of Nexstar Broadcasting Group from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Wednesday, July 6th. Wells Fargo & Co. restated a “positive” rating and set a $66.00 target price on shares of Nexstar Broadcasting Group in a report on Monday, July 18th. Jefferies Group restated a “buy” rating on shares of Nexstar Broadcasting Group in a report on Friday, August 5th. Finally, Stephens set a $65.00 target price on shares of Nexstar Broadcasting Group and gave the company a “buy” rating in a report on Wednesday, September 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $67.75.

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

Nexstar Broadcasting Group (NASDAQ:NXST) opened at 51.90 on Tuesday. The firm’s 50-day moving average is $54.54 and its 200-day moving average is $51.78. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 18.20 and a beta of 2.31. Nexstar Broadcasting Group has a 12 month low of $34.65 and a 12 month high of $61.79.

Nexstar Broadcasting Group (NASDAQ:NXST) last issued its earnings results on Tuesday, August 9th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $261.99 million for the quarter, compared to the consensus estimate of $265.19 million. Nexstar Broadcasting Group had a return on equity of 89.87% and a net margin of 9.12%. Nexstar Broadcasting Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS.

In other Nexstar Broadcasting Group news, CFO Thomas Carter sold 1,236 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $51.52, for a total value of $63,678.72. Following the completion of the transaction, the chief financial officer now owns 67,836 shares of the company’s stock, valued at approximately $3,494,910.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Blake Russell sold 10,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $52.38, for a total value of $523,800.00. Following the completion of the transaction, the senior vice president now directly owns 27,861 shares of the company’s stock, valued at approximately $1,459,359.18. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust raised its position in shares of Nexstar Broadcasting Group by 161.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 392,399 shares of the company’s stock worth $18,670,000 after buying an additional 242,439 shares during the period. Emerald Advisers Inc. PA raised its stake in Nexstar Broadcasting Group by 168.9% in the second quarter. Emerald Advisers Inc. PA now owns 374,410 shares of the company’s stock valued at $17,814,000 after buying an additional 235,150 shares during the last quarter. BlackRock Group LTD raised its stake in Nexstar Broadcasting Group by 29.1% in the first quarter. BlackRock Group LTD now owns 96,979 shares of the company’s stock valued at $4,294,000 after buying an additional 21,836 shares during the last quarter. Royal Bank of Canada raised its stake in Nexstar Broadcasting Group by 41.1% in the first quarter. Royal Bank of Canada now owns 947,127 shares of the company’s stock valued at $41,929,000 after buying an additional 276,025 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Nexstar Broadcasting Group during the second quarter valued at approximately $337,000.

About Nexstar Broadcasting Group

Nexstar Broadcasting Group, Inc (Nexstar) 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 in medium-sized markets in the United States. The Company’s segments include Broadcasting and Other.

5 Day Chart for NASDAQ:NXST

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