Gabelli & Company Reports on Nexstar Broadcasting Group (NXST)

In a report released earlier today, Gabelli & Company commented on Nexstar Broadcasting NXST. In the report, Gabelli was positive on the company. Gabelli writes, “The company reported first quarter results that were in line with our expectations: total net revenues +1.9% to $69.9 million; broadcast cash flow of $24.8 million -3.1%; adjusted EBITDA of $20.0 million +4.2%. On a gross basis: local revenues of $43.3 million +3.7%; National $15.1 million +2.1%; Total core $58.3 million +3.3%; political $0.56 million v $3.15 million; operating expenses were flattish, while SG&A costs increased about $1.7 million” Gabelli & Company has a Buy rating on Nexstar. Shares of the company closed at $8.15, down $0.02 from the open.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsBroadcasting & Cable TVConsumer DiscretionaryGabelli & CompanyNexstar Broadcasting Group
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!