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

$139.72
-3.98 (-2.77%)
(As of 09/22/2023 ET)
Compare
Today's Range
$138.75
$143.90
50-Day Range
$133.65
$186.72
52-Week Range
$133.09
$217.76
Volume
401,073 shs
Average Volume
368,183 shs
Market Capitalization
$4.90 billion
P/E Ratio
7.67
Dividend Yield
3.86%
Price Target
$215.83

Nexstar Media Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
54.3% Upside
$215.83 Price Target
Short Interest
Bearish
7.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.85mentions of Nexstar Media Group in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$1.73 M Sold Last Quarter
Proj. Earnings Growth
150.30%
From $11.69 to $29.26 Per Share

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 stars

Consumer Discretionary Sector

11th out of 261 stocks

Television Broadcasting Stations Industry

2nd out of 11 stocks


NXST stock logo

About Nexstar Media Group (NASDAQ:NXST) Stock

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 Price History

NXST Stock News Headlines

Disney 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.
Wall Street Legend Warns "Mass Bank Run" is Coming
Man 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.
Nexstar and DIRECTV Strike a Deal Ending DIRECTV's Blackout
Wall Street Legend Warns "Mass Bank Run" is Coming
Man 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.
DirecTV, Nexstar reach deal to end two-month blackout
Nexstar, DirecTV strike distribution deal
Broadcasters Rally As Disney Discusses Cutting The Cord
Why Nexstar Media Stock Rose 15.2% This Week
See More Headlines
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NXST Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 8/24 Dividend
8/09/2023
Dividend Payable
8/24/2023
Today
9/22/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

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 Forecast
$215.83
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+52.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$971.10 million
Pretax Margin
16.28%

Debt

Sales & Book Value

Annual Sales
$5.21 billion
Cash Flow
$46.16 per share
Book Value
$73.44 per share

Miscellaneous

Free Float
33,013,000
Market Cap
$4.96 billion
Optionable
Optionable
Beta
1.50
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Key Executives

  • Mr. Perry A. SookMr. Perry A. Sook (Age 65)
    Founder, Chairman & CEO
    Comp: $6.01M
  • Ms. Lee Ann GlihaMs. Lee Ann Gliha (Age 48)
    Exec. VP & CFO
    Comp: $1.42M
  • Mr. Thomas E. CarterMr. Thomas E. Carter (Age 65)
    Sr. Advisor
    Comp: $2.02M
  • Mr. Andrew AlfordMr. Andrew Alford (Age 61)
    Pres of Broadcasting Division - Nexstar Media Inc.
    Comp: $1.15M
  • Mr. Sean ComptonMr. Sean Compton (Age 49)
    Pres of Networks Division
    Comp: $1.26M
  • Ms. Dana ZimmerMs. Dana Zimmer (Age 53)
    Pres of Distribution
    Comp: $1.54M
  • Mr. Michael Biard
    Pres & COO
  • Mr. Brett E. JenkinsMr. Brett E. Jenkins (Age 53)
    Exec. VP & CTO
  • Ms. Rachel MorganMs. Rachel Morgan
    Exec. VP, Gen. Counsel & Sec.
  • Mr. Gary WeitmanMr. Gary Weitman (Age 66)
    Exec. VP & Chief Communications Officer













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
.

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

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