Nucor earnings beat by $0.08, revenue fell short of estimates
Nexstar Media Group, Inc. (NASDAQ:NXST) recently saw a notable transaction involving its Executive Vice President and Chief Technology & Digital Officer, Brett Jenkins. According to a recent SEC filing, Jenkins sold 3,785 shares of the company’s common stock on March 19, 2025. The shares were sold at an average price of $176.747, amounting to a total transaction value of $668,987.
Following this sale, Jenkins retains ownership of 21,755 shares of Nexstar Media. The transaction reflects Jenkins’ ongoing involvement with the company, where he plays a pivotal role in overseeing technology and digital operations. According to InvestingPro analysis, Nexstar maintains a "GREAT" financial health score, supported by strong fundamentals and consistent dividend growth. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Nexstar Broadcasting Group reported its fourth-quarter 2024 earnings, revealing revenue and adjusted EBITDA figures that exceeded Wall Street’s expectations. The company achieved a record full-year revenue of $5.4 billion, marking the highest in its history. Despite missing earnings per share (EPS) forecasts, Nexstar’s strategic initiatives have bolstered investor confidence, as demonstrated by a significant reduction in operating losses at The CW network. Analysts at Benchmark raised the price target for Nexstar to $225, maintaining a Buy rating, while Guggenheim also increased its target to $220, reflecting confidence in the company’s strategic initiatives and positive performance trends. Citi analysts, however, maintained a Neutral rating with a price target of $186, citing the stock as fairly valued given the company’s achievements and long-term prospects. Nexstar’s guidance for 2025 projects an adjusted EBITDA range between $1.5 billion and $1.595 billion, with expectations for stable distribution revenue. These developments underscore the company’s strategic positioning and operational enhancements, which continue to drive positive sentiment among investors and analysts alike.
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