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

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our NXST earnings forecast.

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.

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.

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.

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).

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'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.

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.