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

5 Wall Street 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 analysts is that investors should "moderate buy" NXST shares.
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5 Wall Street analysts have issued 12 month price targets 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 54.5% from the stock's current price.
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Nexstar Media Group's stock was trading at $175.03 at the beginning of 2023. Since then, NXST shares have decreased by 20.2% and is now trading at $139.72.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our NXST earnings forecast.

Nexstar Media Group, Inc. (NASDAQ:NXST) released its quarterly earnings data on Tuesday, August, 8th. The company reported $2.64 EPS for the quarter, missing analysts' consensus estimates of $2.88 by $0.24. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.24 billion. Nexstar Media Group had a net margin of 13.31% and a trailing twelve-month return on equity of 29.41%. 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 EPS.

Nexstar Media Group announced a quarterly dividend on Thursday, July 27th. Stockholders 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 3.86%. The ex-dividend date of this dividend is Wednesday, August 9th.
Read our dividend analysis for NXST.

ETFs with the largest weight of Nexstar Media Group (NASDAQ:NXST) stock in their portfolio include Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco Next Gen Media and Gaming ETF (PBS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Freedom Day Dividend ETF (MBOX), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $5.40 per share and currently has a dividend yield of 3.86%. 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.

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 institutional and retail investors. Top institutional shareholders 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.
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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 $139.72.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $4.90 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.

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.