Nexstar Broadcasting Group (NXST) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Nexstar Broadcasting Group (NXST) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.78 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.85. The company posted revenue of $261.99 million in the period, compared to analysts expectations of $263.10 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Nexstar Broadcasting Group closed down -0.25 points or -0.48% at $52.11 with 5,63,783 shares getting traded on Monday. Post opening the session at $52.59, the shares hit an intraday low of $52.02 and an intraday high of $53.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Jul 22, 2016, Nexstar Broadcasting Group announced a cash dividend of $0.2400. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Aug 26, 2016.

In a different news, on Mar 2, 2016, Thomas Carter (CFO) purchased 1,000 shares at $44.55 per share price. According to the SEC, on Dec 11, 2015, Blake Russell (SVP, Station Operations) sold 7,000 shares at $57.80 per share price. On Sep 29, 2015, Julie Pruett (SVP and Regional Manager) sold 4,710 shares at $44.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Nexstar Broadcasting Group Inc. is a television broadcasting and digital media company focused on the acquisition development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31 2014 the Company owned operated programmed or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois Indiana Maryland Missouri Montana Tennessee Texas Pennsylvania Louisiana Arkansas Alabama New York Florida Wisconsin Michigan Utah Vermont California Iowa Colorado and Virginia. The stations the Company owns and operates or provides services to provide free over-the-air programming to its markets’ television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce and first-run and rerun syndicated programs that the stations acquire.

Nexstar Broadcasting Group

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