New Lifetime High Reached By Nexstar Broadcasting Group (NXST)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Nexstar Broadcasting Group as such a stock due to the following factors:
- NXST has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.6 million.
- NXST has traded 142,861 shares today.
- NXST is trading at a new lifetime high.
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More details on NXST:
Nexstar Broadcasting Group, Inc. operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The stock currently has a dividend yield of 1.3%. NXST has a PE ratio of 23. Currently there are 4 analysts that rate Nexstar Broadcasting Group a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Nexstar Broadcasting Group has been 432,500 shares per day over the past 30 days. Nexstar Broadcasting Group has a market cap of $1.8 billion and is part of the services sector and media industry. The stock has a beta of 2.21 and a short float of 13.7% with 8.66 days to cover. Shares are up 13.2% year-to-date as of the close of trading on Monday.
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Analysis:
rates Nexstar Broadcasting Group as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 7.0%. Since the same quarter one year prior, revenues rose by 42.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 25.93% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- NEXSTAR BROADCASTING GROUP has improved earnings per share by 12.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, NEXSTAR BROADCASTING GROUP turned its bottom line around by earning $2.01 versus -$0.08 in the prior year. This year, the market expects an improvement in earnings ($2.42 versus $2.01).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 12.2% when compared to the same quarter one year prior, going from $15.40 million to $17.28 million.
- You can view the full Nexstar Broadcasting Group Ratings Report.
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