Nexstar Broadcasting Group (NXST) Earns Daily News Impact Rating of 0.45

Media stories about Nexstar Broadcasting Group (NASDAQ:NXST) have trended positive on Wednesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexstar Broadcasting Group earned a news sentiment score of 0.45 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.101266783633 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several analysts recently issued reports on the company. BidaskClub raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reissued an “outperform” rating and issued a $81.00 price target (down previously from $83.00) on shares of Nexstar Broadcasting Group in a report on Thursday, August 10th. Zacks Investment Research downgraded Nexstar Broadcasting Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of Nexstar Broadcasting Group in a report on Thursday, September 21st. Finally, ValuEngine raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Nexstar Broadcasting Group presently has a consensus rating of “Buy” and an average price target of $78.71.

Shares of Nexstar Broadcasting Group (NASDAQ:NXST) opened at 61.95 on Wednesday. The firm has a market capitalization of $2.86 billion, a PE ratio of 25.48 and a beta of 2.22. The company has a 50-day moving average price of $60.62 and a 200 day moving average price of $62.42. Nexstar Broadcasting Group has a 52-week low of $47.00 and a 52-week high of $73.90.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. The company had revenue of $626.11 million for the quarter, compared to the consensus estimate of $608.23 million. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The company’s quarterly revenue was up 139.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Analysts expect that Nexstar Broadcasting Group will post $3.57 EPS for the current fiscal year.

In other Nexstar Broadcasting Group news, Director John R. Muse sold 229,267 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $59.50, for a total transaction of $13,641,386.50. Following the transaction, the director now owns 4,743 shares of the company’s stock, valued at approximately $282,208.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis Miller sold 4,500 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $63.49, for a total value of $285,705.00. The disclosure for this sale can be found here. Insiders sold a total of 972,682 shares of company stock worth $58,308,393 over the last three months. 8.40% of the stock is owned by company insiders.

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About Nexstar Broadcasting Group

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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