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

$144.66
+1.75 (+1.22%)
(As of 04:00 PM ET)
Compare
Today's Range
$142.24
$145.47
50-Day Range
$133.75
$156.84
52-Week Range
$132.30
$217.76
Volume
313,886 shs
Average Volume
353,198 shs
Market Capitalization
$4.91 billion
P/E Ratio
12.46
Dividend Yield
3.73%
Price Target
$214.50

Nexstar Media Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
48.3% Upside
$214.50 Price Target
Short Interest
Bearish
6.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.93mentions of Nexstar Media Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.80 M Sold Last Quarter
Proj. Earnings Growth
168.53%
From $11.25 to $30.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.24 out of 5 stars

Consumer Discretionary Sector

9th out of 275 stocks

Television Broadcasting Stations Industry

3rd out of 11 stocks


NXST stock logo

About Nexstar Media Group Stock (NASDAQ:NXST)

Nexstar 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.

NXST Stock Price History

NXST Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Nexstar Media Group, Inc. Bottom Line Drops In Q3, misses estimates
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Nexstar Media declares $1.35 dividend
Nexstar: Profit From The Next Election Cycle
Amid Push to Diversify Corporate Boards, Change Is Slow
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Ex-Dividend for 11/27 Dividend
11/09/2023
Dividend Payable
11/27/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:NXST
CUSIP
65336K10
Employees
12,971
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$214.50
High Stock Price Target
$235.00
Low Stock Price Target
$167.00
Potential Upside/Downside
+50.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$971.10 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$5.21 billion
Cash Flow
$45.18 per share
Book Value
$69.14 per share

Miscellaneous

Free Float
31,928,000
Market Cap
$4.83 billion
Optionable
Optionable
Beta
1.53
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NXST Stock Analysis - 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 target for 2024?

5 brokers have issued 12 month price targets for Nexstar Media Group's stock. Their NXST share price targets range from $167.00 to $235.00. On average, they predict the company's stock price to reach $214.50 in the next year. This suggests a possible upside of 49.4% 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 the year. Since then, NXST shares have decreased by 18.0% and is now trading at $143.54.
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, February 27th 2024.
View our NXST earnings forecast
.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) issued its quarterly earnings data on Wednesday, November, 8th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $1.53 by $0.83. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. Nexstar Media Group had a net margin of 8.51% and a trailing twelve-month return on equity of 20.92%. The firm's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $7.30 EPS.

How often does Nexstar Media Group pay dividends? What is the dividend yield for Nexstar Media Group?

Nexstar Media Group announced a quarterly dividend on Friday, October 27th. Stockholders of record on Friday, November 10th will be paid a dividend of $1.35 per share on Monday, November 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for NXST
.

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 3.70%. 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 46.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 17.87% 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).

Who are Nexstar Media Group's major shareholders?

Nexstar Media Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (4.14%), LSV Asset Management (3.74%), Morgan Stanley (2.99%), Boston Partners (2.00%), JPMorgan Chase & Co. (1.79%) and Fuller & Thaler Asset Management Inc. (1.73%). 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.

This page (NASDAQ:NXST) was last updated on 11/29/2023 by MarketBeat.com Staff

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