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NASDAQ:NXST

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

Nexstar Media Group logo
$172.94 +2.53 (+1.48%)
(As of 12/4/2024 ET)

About Nexstar Media Group Stock (NASDAQ:NXST)

Key Stats

Today's Range
$168.58
$173.20
50-Day Range
$161.84
$188.50
52-Week Range
$141.38
$191.86
Volume
253,148 shs
Average Volume
380,886 shs
Market Capitalization
$5.36 billion
P/E Ratio
10.00
Dividend Yield
3.91%
Price Target
$198.50
Consensus Rating
Moderate Buy

Company Overview

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company 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, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company 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.

Nexstar Media Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

NXST MarketRank™: 

Nexstar Media Group scored higher than 97% of companies evaluated by MarketBeat, and ranked 11th out of 284 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Nexstar Media Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Nexstar Media Group has only been the subject of 4 research reports in the past 90 days.

  • Read more about Nexstar Media Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Nexstar Media Group are expected to decrease by -27.88% in the coming year, from $24.53 to $17.69 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Nexstar Media Group is 10.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.43.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Nexstar Media Group is 10.00, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.57.

  • Price to Earnings Growth Ratio

    Nexstar Media Group has a PEG Ratio of 0.20. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Nexstar Media Group has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Nexstar Media Group's valuation and earnings.
  • Percentage of Shares Shorted

    6.32% of the float of Nexstar Media Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Nexstar Media Group has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Nexstar Media Group has recently decreased by 2.65%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Nexstar Media Group is a leading dividend payer. It pays a dividend yield of 3.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Nexstar Media Group has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Nexstar Media Group is 39.10%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 38.21% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.

  • Read more about Nexstar Media Group's dividend.
  • Percentage of Shares Shorted

    6.32% of the float of Nexstar Media Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Nexstar Media Group has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Nexstar Media Group has recently decreased by 2.65%, indicating that investor sentiment is improving.
  • News Sentiment

    Nexstar Media Group has a news sentiment score of 1.50. 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 0.81 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Nexstar Media Group this week, compared to 8 articles on an average week.
  • Search Interest

    Only 3 people have searched for NXST on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    Only 7 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $7,916,739.00 in company stock.

  • Percentage Held by Insiders

    Only 6.30% of the stock of Nexstar Media Group is held by insiders.

  • Percentage Held by Institutions

    95.30% 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.

  • Read more about Nexstar Media Group's insider trading history.
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NXST Stock News Headlines

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NXST Stock Analysis - Frequently Asked Questions

Nexstar Media Group's stock was trading at $156.75 at the beginning of 2024. Since then, NXST stock has increased by 10.3% and is now trading at $172.94.
View the best growth stocks for 2024 here
.

Nexstar Media Group, Inc. (NASDAQ:NXST) issued its earnings results on Thursday, November, 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by $0.24. The company's revenue for the quarter was up 20.7% on a year-over-year basis.

Top institutional investors of Nexstar Media Group include FMR LLC (3.79%), Charles Schwab Investment Management Inc. (3.36%), State Street Corp (3.09%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Perry A Sook, Thomas Carter, Jay M Grossman, John R Muse, Brett Jenkins, Blake Russell, Dennis J Fitzsimons, Sean Compton, Andrew Alford, Elizabeth Ryder, Lee Ann Gliha, Charles Thomas Mcmillen, D Geoffrey Armstrong, Lisbeth Mcnabb, Gary Weitman, Michael Biard, Karen A Brophy, Dana Zimmer, Dennis Miller, Michael Strober and Rachel Morgan.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Nexstar Media Group investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Charles Schwab (SCHW), McKesson (MCK), Comcast (CMCSA), Hawkins (HWKN) and Edwards Lifesciences (EW).

Company Calendar

Last Earnings
11/07/2024
Ex-Dividend for 11/29 Dividend
11/15/2024
Dividend Payable
11/29/2024
Today
12/04/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/26/2025

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:NXST
CUSIP
65336K10
Employees
13,294
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$198.50
High Stock Price Target
$215.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+14.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$346 million
Pretax Margin
14.70%

Debt

Sales & Book Value

Annual Sales
$5.22 billion
Cash Flow
$38.18 per share
Book Value
$68.17 per share

Miscellaneous

Free Float
29,068,000
Market Cap
$5.36 billion
Optionable
Optionable
Beta
1.45

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This page (NASDAQ:NXST) was last updated on 12/5/2024 by MarketBeat.com Staff
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