With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $191.8553 whereas the lowest price it dropped to was $186.7. The 52-week range on NXST shows that it touched its highest point at $187.27 and its lowest point at $140.92 during that stretch. It currently has a 1-year price target of $202.22. With its current market cap of 6.08 billion, NXST has annualized dividend of $6.42 while the current yield stands at 3.41%. Beta for the stock currently stands at 1.47.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NXST was up-trending over the past week, with a rise of 7.15%, but this was up by 13.69% over a month. Three-month performance surged to 19.09% while six-month performance rose 5.93%. The stock gained 24.46% in the past year, while it has gained 20.26% so far this year. A look at the trailing 12-month EPS for NXST yields 12.75 with Next year EPS estimates of 14.66. For the next quarter, that number is 10.36. This implies an EPS growth rate of 154.84% for this year and -40.34% for next year. EPS is expected to grow by 58.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.29%.
Float and Shares Shorts:
At present, 33.60 million NXST shares are outstanding with a float of 30.28 million shares on hand for trading. On 2024-10-15, short shares totaled 2.21 million, which was 685.0 higher than short shares on 1726185600. In addition to Mr. Perry A. Sook as the firm’s Founder, Chairman & CEO, Mr. Michael Biard serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.96185 of NXST’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NXST reported revenue of $1269000000.0 and operating income of $247000000.0. The EBITDA in the recently reported quarter was $470000000.0 and diluted EPS was $3.54.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXST since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NXST analysts setting a high price target of 215.0 and a low target of 185.0, the average target price over the next 12 months is 199.78. Based on these targets, NXST could surge 14.06% to reach the target high and fall by -1.86% to reach the target low. Reaching the average price target will result in a growth of 5.98% from current levels.
Analysts have provided yearly estimates in a range of $26.2267 being high and $23.40912 being low. For NXST, this leads to a yearly average estimate of $24.81791. The surprise factor in the prior quarter was $3.97. Based on analyst estimates, the high estimate for the next quarter is $12.06 and the low estimate is $10.27. The average estimate for the next quarter is thus $10.7.
