Nexstar Media Group (NXST) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NXST shares.
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5 brokers have issued 1-year price objectives for Nexstar Media Group's stock. Their NXST share price targets range from $158.00 to $220.00. On average, they predict the company's stock price to reach $193.83 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
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Nexstar Media Group's stock was trading at $156.75 at the beginning of 2024. Since then, NXST stock has increased by 5.4% and is now trading at $165.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Nexstar Media Group will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Nexstar Media Group, Inc. (NASDAQ:NXST) issued its quarterly earnings results on Wednesday, February, 28th. The company reported $3.32 EPS for the quarter, missing analysts' consensus estimates of $4.42 by $1.10. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a trailing twelve-month return on equity of 14.06%. The firm's revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter last year, the company earned $8.04 earnings per share.

Nexstar Media Group declared a quarterly dividend on Friday, January 26th. Shareholders of record on Friday, February 9th will be given a dividend of $1.69 per share on Friday, February 23rd. This represents a $6.76 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, February 8th. This is a boost from the stock's previous quarterly dividend of $1.35.
Read our dividend analysis for NXST.

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $6.76 per share and currently has a dividend yield of 4.26%. NXST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 37.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXST.

ETFs with the largest weight of Nexstar Media Group (NASDAQ:NXST) stock in their portfolio include Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Freedom Day Dividend ETF (MBOX), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Fidelity Fundamental Small-Mid Cap ETF (FSMO), First Trust Mid Cap Value AlphaDEX Fund (FNK) and First Trust Active Factor Mid Cap ETF (AFMC).

173 employees have rated Nexstar Media Group Chief Executive Officer Perry A. Sook on Glassdoor.com. Perry A. Sook has an approval rating of 46% among the company's employees. This puts Perry A. Sook in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nexstar Media Group investors own include Hawkins (HWKN), Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), Chipotle Mexican Grill (CMG), BlackRock (BLK), Aegean Marine Petroleum Network (ANW), Accenture (ACN), AutoZone (AZO), Micron Technology (MU) and Bank of the Ozarks (OZRK).

Nexstar Media Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.25%), Alaska Permanent Fund Corp (0.05%), BTC Capital Management Inc. (0.03%), &PARTNERS (0.03%), State of Michigan Retirement System (0.02%) and Davis Capital Management (0.02%). Insiders that own company stock include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, D Geoffrey Armstrong, Dana Zimmer, Dennis J Fitzsimons, Dennis Miller, Elizabeth Ryder, Gary Weitman, John R Muse, Karen A Brophy, Lee Ann Gliha, Lisbeth Mcnabb, Michael Strober, Perry A Sook, Rachel Morgan, Sean Compton and Thomas Carter.
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Shares of NXST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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