With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. The 52-week range on NXST shows that it touched its highest point at $191.86 and its lowest point at $141.66 during that stretch. It currently has a 1-year price target of $202.44. With its current market cap of 4.96 billion, NXST has annualized dividend of $6.93 while the current yield stands at 4.22%. Beta for the stock currently stands at 1.00.
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 13.57%, but this was up by 11.18% over a month. Three-month performance surged to 8.35% while six-month performance fell -5.34%. The stock lost -2.35% in the past year, while it has gained 4.01% so far this year. A look at the trailing 12-month EPS for NXST yields 22.12 with Next year EPS estimates of 25.65. For the next quarter, that number is 2.93. This implies an EPS growth rate of -40.17% for this year and 100.20% for next year. EPS is expected to decline by -7.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.82%.
Float and Shares Shorts:
At present, 30.51 million NXST shares are outstanding with a float of 28.48 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $22.28473 being high and $21.74517 being low. For NXST, this leads to a yearly average estimate of $22.02004.
