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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NXST shares.
View NXST analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price targets for Nexstar Media Group's stock. Their NXST share price forecasts range from $175.00 to $237.00. On average, they anticipate the company's share price to reach $221.40 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price.
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Nexstar Media Group's stock was trading at $175.03 at the beginning of the year. Since then, NXST shares have decreased by 7.9% and is now trading at $161.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Nexstar Media Group, Inc. (NASDAQ:NXST) issued its earnings results on Tuesday, May, 9th. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.13 by $0.84. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Nexstar Media Group had a net margin of 15.80% and a trailing twelve-month return on equity of 33.29%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.99 EPS.

Nexstar Media Group announced a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, May 12th will be given a dividend of $1.35 per share on Friday, May 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, May 11th.
Read our dividend analysis for NXST.

ETFs with the largest weight of Nexstar Media Group (NASDAQ:NXST) stock in their portfolio include Aztlan Global Stock Selection Dm SMID ETF (AZTD), Natixis Vaughan Nelson Mid Cap ETF (VNMC), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco Dynamic Media ETF (PBS), First Trust Dorsey Wright Momentum & Value ETF (DVLU), iShares Focused Value Factor ETF (FOVL), Freedom Day Dividend ETF (MBOX) and Invesco S&P MidCap 400 Pure Growth ETF (RFG).

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $5.40 per share and currently has a dividend yield of 3.44%. 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 25.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 19.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXST.

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.

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).

Nexstar Media Group trades on the NASDAQ under the ticker symbol "NXST."

Nexstar Media Group's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.45%), Boston Partners (4.65%), FMR LLC (4.36%), Dimensional Fund Advisors LP (3.72%), LSV Asset Management (3.57%) and State Street Corp (2.90%). 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, Sean Compton, Thomas Carter and Timothy C Busch.
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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.
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One share of NXST stock can currently be purchased for approximately $161.26.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $5.78 billion and generates $5.21 billion in revenue each year. The company earns $971.10 million in net income (profit) each year or $21.13 on an earnings per share basis.

The company employs 12,971 workers across the globe.

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.