Stock Monitor: Chicken Soup for the Soul Entertainment Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 11, 2018 / Active-Investors.com has just released a free earnings report on Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NXST. The Company reported its financial results on February 27, 2018, for the fourth quarter and full fiscal year ended December 31, 2017. For Q4 FY17, Nexstar reported a record performance on all facets including operations, integration, synergy realization, as well as optimizing the capital structure and the cost of capital. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Chicken Soup for the Soul Entertainment, Inc. (NASDAQ: CSSE), which also belongs to the Services sector as the Company Nexstar Media Group. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CSSE

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Nexstar Media Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=NXST

Earnings Highlights and Summary

For Q4 FY17, Nexstar's total revenues reached $653.66 million, an increase of 110.94% from $309.88 million in Q4 FY16. The Company's total reported revenue numbers exceeded analysts' consensus estimates of $645.3 million. The Company's core advertising revenues increased 151.59% to $347.43 million y-o-y, political revenues decreased 75.47% to $14.73 million y-o-y, and digital revenues increased 148.27% to $63.92 million y-o-y in Q4 FY17.

During Q4 FY17, Nexstar's total operating expenses were $512.83 million compared to $217.40 million in Q4 FY16, reflecting an increase of 135.89%. The Company's income from operations advanced 52.30% to $140.84 million in Q4 FY17 from $92.48 million in Q4 FY16.

For Q4 FY17, Nexstar's net income attributable to common shareholders was $378.48 million, which was 18.48 times the net income of $20.48 million in Q4 FY16. The Company's diluted net income per share rose 1,145.31% to $7.97 in the reported quarter from $0.64 in the previous year's same quarter. The Company's reported results included an income tax benefit from the enactment of the Tax Cuts and Jobs Act 2017 (TCJA). Nexstar's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $225.67 million for the quarter under review, up 67.43% from $134.79 million in the year ago comparable quarter. Analysts expected the Company to report adjusted diluted earnings per share (EPS) of $1.42 for Q4 FY17.

For the full fiscal year ended December 31, 2017, Nexstar's total revenues were $2.43 billion, up 120.45% from $1.10 billion in FY16. The Company's income from operations advanced 80.55% to $518.75 million in the reported year from $287.31 million in the previous year. Nexstar's net income attributable to common shareholders was $475 million in FY17 compared to $91.54 million in FY16, reflecting an increase of 418.91%. The Company's diluted income per share rose 248.44% to $10.07 in FY17 from $2.89 in FY16. Nexstar had an adjusted EBITDA of $743.28 million in FY17, an increase of 83.3% from $405.5 million in FY16.

Cash Matters

Nexstar had cash on hand of $115.7 million as on December 31, 2017, 31.93% higher than $87.7 million as on December 31, 2016. The Company had free cash flow of $155.42 million for the quarter ended December 31, 2017, an increase of 81.89% from $85.44 million for the corresponding period of last year. The Company's free cash flow was $469.01 million for FY17.

Nexstar's total debt was $4.36 billion as on December 31, 2017, compared to $2.34 billion as on December 31, 2016, reflecting an increase of 86.24%.

Outlook

For the full fiscal year 2018, Nexstar expects to generate an average annual free cash flow of over $600 million. The Company is expected to benefit from several key factors such as Winter Olympics, Super Bowl on NBC, heavily contested mid-term elections, continued retransmission and digital revenue growth, and the recurring free cash flow benefit from the enactment of the TCJA.

Stock Performance Snapshot

April 10, 2018 - At Tuesday's closing bell, Nexstar Media Group's stock slightly declined 0.23%, ending the trading session at $64.15.

Volume traded for the day: 1.16 million shares, which was above the 3-month average volume of 581.49 thousand shares.

Stock performance in the previous six-month period ? up 2.31%

After yesterday's close, Nexstar Media Group's market cap was at $2.93 billion.

Price to Earnings (P/E) ratio was at 19.98.

The stock has a dividend yield of 2.34%.

The stock is part of the Services sector, categorized under the Broadcasting - TV industry. This sector was up 1.4% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors