Top-Rated Dividend StocksTop-Rated DividendNASDAQ:NXST Nexstar Media Group (NXST) Stock Forecast, Price & News $139.72 -3.98 (-2.77%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$138.75▼$143.9050-Day Range$133.65▼$186.7252-Week Range$133.09▼$217.76Volume401,073 shsAverage Volume368,183 shsMarket Capitalization$4.90 billionP/E Ratio7.67Dividend Yield3.86%Price Target$215.83 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Nexstar Media Group MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside54.3% Upside$215.83 Price TargetShort InterestBearish7.07% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.45Upright™ Environmental ScoreNews Sentiment0.85Based on 25 Articles This WeekInsider TradingSelling Shares$1.73 M Sold Last QuarterProj. Earnings Growth150.30%From $11.69 to $29.26 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.20 out of 5 starsConsumer Discretionary Sector11th out of 261 stocksTelevision Broadcasting Stations Industry2nd out of 11 stocks 3.4 Analyst's Opinion Consensus RatingNexstar Media Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $215.83, Nexstar Media Group has a forecasted upside of 54.3% from its current price of $139.85.Amount of Analyst CoverageNexstar Media Group has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.07% of the float of Nexstar Media Group has been sold short.Short Interest Ratio / Days to CoverNexstar Media Group has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Nexstar Media Group has recently increased by 4.91%, indicating that investor sentiment is decreasing. Previous Next 5.0 Dividend Strength Dividend LeadershipNexstar Media Group is a leading dividend payer. It pays a dividend yield of 3.80%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNexstar Media Group has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Nexstar Media Group is 29.65%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 18.46% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreNexstar Media Group has received a 33.39% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Broadcasting of television news programs for majority groups following principles of journalistic ethics", "Publishing of online news for majority groups following principles of journalistic ethics", and "Broadcasting of television talk shows" products. See details.Environmental SustainabilityThe Environmental Impact score for Nexstar Media Group is -0.45. Previous Next 3.8 News and Social Media Coverage News SentimentNexstar Media Group has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Nexstar Media Group this week, compared to 5 articles on an average week.Search Interest22 people have searched for NXST on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.MarketBeat Follows7 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nexstar Media Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,729,450.00 in company stock.Percentage Held by InsidersOnly 5.90% of the stock of Nexstar Media Group is held by insiders.Percentage Held by Institutions95.30% of the stock of Nexstar Media Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nexstar Media Group are expected to grow by 150.30% in the coming year, from $11.69 to $29.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nexstar Media Group is 7.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Nexstar Media Group is 7.68, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.72.Price to Earnings Growth RatioNexstar Media Group has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNexstar Media Group has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nexstar Media Group (NASDAQ:NXST) StockNexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. It owns, operates, programs, or provides sales and other services to various markets. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, it engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.Read More NXST Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NXST Stock News HeadlinesSeptember 20, 2023 | marketbeat.comDisney Denies Rumors of TV Sale, After Stock Jumps on News (NXST)Disney's stock rallied on reports of talks to sell ABC and other channels. The company issued a statement denying it had reached a decision about divestitures.September 22, 2023 | finance.yahoo.comNexstar Broadcasting Group (NXST) Gains As Market Dips: What You Should KnowSeptember 22, 2023 | Chaikin Analytics (Ad)Wall Street Legend Warns "Mass Bank Run" is ComingMan who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.September 22, 2023 | finance.yahoo.comNexstar Broadcasting Group (NXST) Gains As Market Dips: What You Should KnowSeptember 20, 2023 | finance.yahoo.comIs Nexstar Media Group (NXST) Too Good to Be True? A Comprehensive Analysis of a Potential ...September 18, 2023 | finance.yahoo.comNexstar (NXST) Is Considered a Good Investment by Brokers: Is That True?September 18, 2023 | finance.yahoo.comNexstar and DIRECTV Strike a Deal Ending DIRECTV's BlackoutSeptember 18, 2023 | finance.yahoo.comUPDATE 2-DirecTV, Nexstar reach deal to end two-month blackoutSeptember 22, 2023 | Chaikin Analytics (Ad)Wall Street Legend Warns "Mass Bank Run" is ComingMan who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.September 18, 2023 | ca.finance.yahoo.comDirecTV, Nexstar reach deal to end two-month blackoutSeptember 18, 2023 | finance.yahoo.comNexstar, DirecTV strike distribution dealSeptember 18, 2023 | finance.yahoo.comDIRECTV and Nexstar Media Group, Inc., Reach New Multi-Year Distribution AgreementSeptember 18, 2023 | finance.yahoo.comDow Jones Stock Upgraded After Big Week; Poised To Snap DowntrendSeptember 17, 2023 | finance.yahoo.comDIRECTV and Nexstar Media Group, Inc., Agree to Temporarily Return TV Stations and Cable News Network NewsNation to DIRECTV, DIRECTV STREAM, and U-verseSeptember 17, 2023 | finance.yahoo.comUPDATE 1-DirecTV to temporarily restore Nexstar-owned stationsSeptember 17, 2023 | americanbankingnews.comNexstar Media Group (NASDAQ:NXST) Receives Buy Rating from Rosenblatt SecuritiesSeptember 15, 2023 | reuters.comDisney holds preliminary talks with Nexstar on ABC sale, sources saySeptember 15, 2023 | markets.businessinsider.comABC Sale Unfavorable for Disney: Dilution and FCC Regulations at Play, Analyst SaysSeptember 15, 2023 | msn.comA Disney sale of ABC to Nexstar could work for both: Wells FargoSeptember 15, 2023 | finance.yahoo.comBroadcasters Rally As Disney Discusses Cutting The CordSeptember 15, 2023 | finance.yahoo.comDisney: Byron Allen bids $10B to buy ABC Network, television channelsSeptember 15, 2023 | finance.yahoo.comWhy Nexstar Media Stock Rose 15.2% This WeekSeptember 14, 2023 | ca.investing.comEnd of an Era? Disney's ABC in Sale Talks with Nexstar Media GroupSeptember 14, 2023 | msn.comDisney Holds Talks To Sell ABC To Nexstar Media, Report SaysSeptember 14, 2023 | dallasnews.comIrving’s Nexstar Media Group reportedly in early talks to buy ABC from DisneySeptember 14, 2023 | finance.yahoo.comDisney holds preliminary talks with Nexstar on ABC sale -sourcesSeptember 14, 2023 | finance.yahoo.comDisney In Talks To Cut The Cord As Part Of Cost-Saving RestructuringSee More Headlines Receive NXST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nexstar Media Group and its competitors with MarketBeat's FREE daily newsletter. Email Address NXST Company Calendar Last Earnings8/08/2023Ex-Dividend for 8/24 Dividend8/09/2023Dividend Payable8/24/2023Today9/22/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Television broadcasting stations Sub-IndustryBroadcasting SectorConsumer Discretionary Current SymbolNASDAQ:NXST CUSIP65336K10 CIK1142417 Webwww.nexstar.tv Phone(972) 373-8800Fax972-373-8888Employees12,971Year FoundedN/APrice Target and Rating Average Stock Price Forecast$215.83 High Stock Price Forecast$235.00 Low Stock Price Forecast$175.00 Forecasted Upside/Downside+52.8%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$18.21 Trailing P/E Ratio7.76 Forward P/E Ratio12.08 P/E Growth1.56Net Income$971.10 million Net Margins13.31% Pretax Margin16.28% Return on Equity29.41% Return on Assets6.36% Debt Debt-to-Equity Ratio2.64 Current Ratio1.88 Quick Ratio1.88 Sales & Book Value Annual Sales$5.21 billion Price / Sales0.95 Cash Flow$46.16 per share Price / Cash Flow3.06 Book Value$73.44 per share Price / Book1.92Miscellaneous Outstanding Shares35,080,000Free Float33,013,000Market Cap$4.96 billion OptionableOptionable Beta1.50 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Perry A. Sook (Age 65)Founder, Chairman & CEO Comp: $6.01MMs. Lee Ann Gliha (Age 48)Exec. VP & CFO Comp: $1.42MMr. Thomas E. Carter (Age 65)Sr. Advisor Comp: $2.02MMr. Andrew Alford (Age 61)Pres of Broadcasting Division - Nexstar Media Inc. Comp: $1.15MMr. Sean Compton (Age 49)Pres of Networks Division Comp: $1.26MMs. Dana Zimmer (Age 53)Pres of Distribution Comp: $1.54MMr. Michael BiardPres & COOMr. Brett E. Jenkins (Age 53)Exec. VP & CTO Ms. Rachel MorganExec. VP, Gen. Counsel & Sec.Mr. Gary Weitman (Age 66)Exec. VP & Chief Communications Officer More ExecutivesKey CompetitorsTEGNANYSE:TGNAGrupo Televisa, S.A.B.NYSE:TVParamount GlobalNASDAQ:PARAParamount GlobalNASDAQ:PARAAViacomCBSNASDAQ:VIACAView All CompetitorsInsiders & InstitutionsBarclays PLCBought 20,927 shares on 9/21/2023Ownership: 0.128%Thomas CarterSold 5,000 sharesTotal: $827,500.00 ($165.50/share)Western Wealth Management LLCBought 560 shares on 8/30/2023Ownership: 0.012%Delphi Management Inc. MABought 8,084 shares on 8/28/2023Ownership: 0.023%Wolverine Trading LLCSold 1,700 shares on 8/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions NXST Stock - Frequently Asked Questions Should I buy or sell Nexstar Media Group stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NXST shares. View NXST analyst ratings or view top-rated stocks. What is Nexstar Media Group's stock price forecast for 2023? 5 analysts have issued 1-year target prices for Nexstar Media Group's stock. Their NXST share price forecasts range from $175.00 to $235.00. On average, they anticipate the company's share price to reach $215.83 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price. View analysts price targets for NXST or view top-rated stocks among Wall Street analysts. How have NXST shares performed in 2023? Nexstar Media Group's stock was trading at $175.03 at the beginning of 2023. Since then, NXST stock has decreased by 19.3% and is now trading at $141.26. View the best growth stocks for 2023 here. When is Nexstar Media Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023. View our NXST earnings forecast. How were Nexstar Media Group's earnings last quarter? Nexstar Media Group, Inc. (NASDAQ:NXST) announced its earnings results on Tuesday, August, 8th. The company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by $0.24. The firm earned $1.24 billion during the quarter, compared to analysts' expectations of $1.24 billion. Nexstar Media Group had a trailing twelve-month return on equity of 29.41% and a net margin of 13.31%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company posted $5.56 earnings per share. How often does Nexstar Media Group pay dividends? What is the dividend yield for Nexstar Media Group? Nexstar Media Group declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Thursday, August 10th will be given a dividend of $1.35 per share on Thursday, August 24th. This represents a $5.40 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, August 9th. Read our dividend analysis for NXST. What ETFs hold Nexstar Media Group's stock? 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), Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco Next Gen Media and Gaming ETF (PBS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Freedom Day Dividend ETF (MBOX), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). Is Nexstar Media Group a good dividend stock? Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $5.40 per share and currently has a dividend yield of 3.80%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 18.46% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NXST. What is Perry A. Sook's approval rating as Nexstar Media Group's CEO? 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. What other stocks do shareholders of Nexstar Media Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Nexstar Media Group investors own include Hawkins (HWKN), CA (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). What is Nexstar Media Group's stock symbol? Nexstar Media Group trades on the NASDAQ under the ticker symbol "NXST." Who are Nexstar Media Group's major shareholders? Nexstar Media Group's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), Boston Partners (4.47%), LSV Asset Management (3.69%), Dimensional Fund Advisors LP (3.61%), State Street Corp (2.82%) and Cardinal Capital Management LLC CT (2.21%). Insiders that own company stock include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, John R Muse, Karen A Brophy, Lee Ann Gliha, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Rachel Morgan, Sean Compton, Thomas Carter and Timothy C Busch. View institutional ownership trends. How do I buy shares of Nexstar Media Group? Shares of NXST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Nexstar Media Group's stock price today? One share of NXST stock can currently be purchased for approximately $141.26. How much money does Nexstar Media Group make? Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $4.96 billion and generates $5.21 billion in revenue each year. The company earns $971.10 million in net income (profit) each year or $18.21 on an earnings per share basis. How many employees does Nexstar Media Group have? The company employs 12,971 workers across the globe. How can I contact Nexstar Media Group? Nexstar Media Group's mailing address is 545 EAST JOHN CARPENTER FREEWAY SUITE 700, IRVING TX, 75062. The official website for the company is www.nexstar.tv. The company can be reached via phone at (972) 373-8800, via email at nxst@jcir.com, or via fax at 972-373-8888. This page (NASDAQ:NXST) was last updated on 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nexstar Media Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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