NASDAQ:NXST

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

$163.86
+0.75 (+0.46%)
(As of 03:45 PM ET)
Today's Range
$162.83
$164.38
50-Day Range
$156.10
$173.87
52-Week Range
$132.30
$187.32
Volume
130,241 shs
Average Volume
343,788 shs
Market Capitalization
$5.48 billion
P/E Ratio
17.02
Dividend Yield
4.13%
Price Target
$193.83

Nexstar Media Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
18.4% Upside
$193.83 Price Target
Short Interest
Bearish
7.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.99mentions of Nexstar Media Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$7.49 M Sold Last Quarter
Proj. Earnings Growth
-31.95%
From $26.73 to $18.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Consumer Discretionary Sector

37th out of 270 stocks

Television Broadcasting Stations Industry

1st out of 11 stocks

NXST stock logo

About Nexstar Media Group Stock (NASDAQ:NXST)

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.

NXST Stock Price History

NXST Stock News Headlines

3 Media Stocks to Buy for a Post-Donald Trump World
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
Nexstar Media Group, Inc.
Teen found with imitation handgun at school
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
NXST Apr 2024 170.000 call
NXST Apr 2024 170.000 put
NXST Apr 2024 180.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Last Earnings
2/28/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

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
$193.83
High Stock Price Target
$220.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+18.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$346 million
Pretax Margin
8.13%

Debt

Sales & Book Value

Annual Sales
$4.93 billion
Cash Flow
$38.92 per share
Book Value
$68.17 per share

Miscellaneous

Free Float
31,458,000
Market Cap
$5.48 billion
Optionable
Optionable
Beta
1.50
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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 2 hold ratings and 3 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 Wall Street analysts have issued 12-month price objectives for Nexstar Media Group's stock. Their NXST share price targets range from $158.00 to $220.00. On average, they anticipate the company's stock price to reach $193.83 in the next year. This suggests a possible upside of 18.4% 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 2024?

Nexstar Media Group's stock was trading at $156.75 at the start of the year. Since then, NXST stock has increased by 4.4% and is now trading at $163.67.
View the best growth stocks for 2024 here
.

When is Nexstar Media Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our NXST earnings forecast
.

How can I listen to Nexstar Media Group's earnings call?

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.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) released its quarterly earnings results on Wednesday, February, 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by $1.10. The business earned $1.30 billion during 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 business's quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the firm earned $8.04 earnings per share.

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, January 26th. Investors of record on Friday, February 9th will be paid a dividend of $1.69 per share on Friday, February 23rd. This represents a $6.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, February 8th. This is a positive change from the stock's previous quarterly dividend of $1.35.
Read our dividend analysis for NXST
.

Is Nexstar Media Group a good dividend stock?

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $6.76 per share and currently has a dividend yield of 4.20%. 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.

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), 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).

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 shareholders include Global Assets Advisory LLC (0.25%), Raymond James & Associates (0.11%), Amalgamated Bank (0.07%), Arcadia Investment Management Corp MI (0.05%), Alaska Permanent Fund Corp (0.05%) and Raymond James Financial Services Advisors Inc. (0.04%). 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NXST) was last updated on 4/24/2024 by MarketBeat.com Staff

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