Is it time to Buy before this week’s earning report Nexstar Media Group (NASDAQ:NXST)

Earnings results for Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group, Inc. is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $3.11. The reported EPS for the same quarter last year was $3.3.

Nexstar Media Group last released its quarterly earnings results on February 22nd, 2021. The reported $7.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.11 by $0.86. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Its revenue was up 25.1% on a year-over-year basis. Nexstar Media Group has generated $5.04 earnings per share over the last year and currently has a price-to-earnings ratio of 12.4. Nexstar Media Group has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Nexstar Media Group will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Nexstar Media Group (NASDAQ:NXST)

6 Wall Street analysts have issued ratings and price targets for Nexstar Media Group in the last 12 months. Their average twelve-month price target is $136.50, predicting that the stock has a possible downside of 7.40%. The high price target for NXST is $170.00 and the low price target for NXST is $115.00. There are currently 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Nexstar Media Group has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $136.50, Nexstar Media Group has a forecasted downside of 7.4% from its current price of $147.41. Nexstar Media Group has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends. Nexstar Media Group has only been increasing its dividend for 1 years. The dividend payout ratio of Nexstar Media Group is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 21.23% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.

Insiders buying/selling: Nexstar Media Group (NASDAQ:NXST)

In the past three months, Nexstar Media Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,353,973.00 in company stock. Only 6.70% of the stock of Nexstar Media Group is held by insiders.

Earnings and Valuation of Nexstar Media Group (NASDAQ:NXST

Earnings for Nexstar Media Group are expected to decrease by -18.28% in the coming year, from $16.14 to $13.19 per share. The P/E ratio of Nexstar Media Group is 12.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.00. The P/E ratio of Nexstar Media Group is 12.42, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 43.93. Nexstar Media Group has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued. Nexstar Media Group has a P/B Ratio of 3.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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