Top-Rated Dividend StocksTop-Rated DividendNASDAQ:NXST Nexstar Media Group (NXST) Stock Forecast, Price & News $165.51 -2.82 (-1.68%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$165.13▼$169.0750-Day Range$150.92▼$178.5352-Week Range$148.00▼$217.76Volume208,798 shsAverage Volume293,313 shsMarket Capitalization$5.94 billionP/E Ratio7.83Dividend Yield3.26%Price Target$221.40 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Nexstar Media Group MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside33.8% Upside$221.40 Price TargetShort InterestBearish6.37% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.45Upright™ Environmental ScoreNews Sentiment-0.19Based on 17 Articles This WeekInsider TradingSelling Shares$4.70 M Sold Last QuarterProj. Earnings Growth136.01%From $11.58 to $27.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.92 out of 5 starsConsumer Discretionary Sector15th out of 258 stocksTelevision Broadcasting Stations Industry2nd out of 13 stocks 3.4 Analyst's Opinion Consensus RatingNexstar Media Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $221.40, Nexstar Media Group has a forecasted upside of 33.8% from its current price of $165.51.Amount of Analyst CoverageNexstar Media Group has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.37% of the float of Nexstar Media Group has been sold short.Short Interest Ratio / Days to CoverNexstar Media Group has a short interest ratio ("days to cover") of 6.1.Change versus previous monthShort interest in Nexstar Media Group has recently decreased by 3.12%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldNexstar Media Group pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNexstar Media Group has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Nexstar Media Group is 25.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 19.76% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreNexstar Media Group has received a 33.39% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Broadcasting of television news programs for majority groups following principles of journalistic ethics", "Publishing of online news for majority groups following principles of journalistic ethics", and "Broadcasting of television talk shows" products. See details.Environmental SustainabilityThe Environmental Impact score for Nexstar Media Group is -0.45. Previous Next 1.0 News and Social Media Coverage News SentimentNexstar Media Group has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Nexstar Media Group this week, compared to 4 articles on an average week.Search InterestOnly 7 people have searched for NXST on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nexstar Media Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,700,051.00 in company stock.Percentage Held by InsidersOnly 5.90% of the stock of Nexstar Media Group is held by insiders.Percentage Held by Institutions94.48% of the stock of Nexstar Media Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nexstar Media Group are expected to grow by 136.01% in the coming year, from $11.58 to $27.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nexstar Media Group is 7.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Nexstar Media Group is 7.83, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.70.Price to Earnings Growth RatioNexstar Media Group has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNexstar Media Group has a P/B Ratio of 2.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nexstar Media Group (NASDAQ:NXST) StockNexstar Media Group, Inc. is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. The company was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.Read More Receive NXST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nexstar Media Group and its competitors with MarketBeat's FREE daily newsletter. Email Address NXST Stock News HeadlinesJune 10, 2023 | americanbankingnews.comNexstar Media Group, Inc. (NASDAQ:NXST) COO Thomas Carter Sells 10,000 SharesJune 8, 2023 | americanbankingnews.comInsider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells 511 Shares of StockJune 10, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 8, 2023 | americanbankingnews.comThomas Carter Sells 10,000 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) StockJune 7, 2023 | americanbankingnews.comNexstar Media Group, Inc. (NASDAQ:NXST) CFO Lee Ann Gliha Sells 317 Shares of StockJune 7, 2023 | americanbankingnews.comGary Weitman Sells 425 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) StockMay 24, 2023 | finance.yahoo.comInvestors in Nexstar Media Group (NASDAQ:NXST) have seen impressive returns of 169% over the past five yearsMay 23, 2023 | msn.comOwners of Tampa TV station Channel 8 News set to acquire SNNJune 10, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 23, 2023 | msn.comOwners of Tampa TV station Channel 8 News set to acquire Sarasota News NetworkMay 22, 2023 | forbes.comHas Streaming Killed Cable? What Is Next For Broadcasting StocksMay 22, 2023 | msn.comWFLA-TV & WTTA-TV to expand leading local news presence In 3-county region with Nexstar’s acquisition of WSNN-LD in SarasotaMay 21, 2023 | americanbankingnews.comGary Weitman Sells 430 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) StockMay 21, 2023 | americanbankingnews.comBlake Russell Sells 626 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) StockMay 18, 2023 | seekingalpha.comUpdated Conservative Outlook For Nexstar: 11.5% Expected Annual ReturnsMay 17, 2023 | americanbankingnews.comQ4 2024 EPS Estimates for Nexstar Media Group, Inc. (NASDAQ:NXST) Decreased by Barrington ResearchMay 12, 2023 | msn.comBarrington Research Reiterates Nexstar Broadcasting Group (NXST) Outperform RecommendationMay 12, 2023 | americanbankingnews.comNexstar Media Group (NASDAQ:NXST) Releases Earnings Results, Beats Estimates By $0.84 EPSMay 11, 2023 | seekingalpha.comNexstar Media Group: Rebound In Distribution Revenue Growth EncouragingMay 10, 2023 | finance.yahoo.comQ1 2023 Nexstar Media Group Inc Earnings CallMay 9, 2023 | markets.businessinsider.comAnalysts Offer Insights on Services Companies: Nexstar Media Group (NXST) and Rallybio (RLYB)May 9, 2023 | finance.yahoo.comNexstar Broadcasting Group (NXST) Surpasses Q1 Earnings EstimatesMay 9, 2023 | americanbankingnews.comNexstar Media Group, Inc. (NXST) To Go Ex-Dividend on May 11thMay 9, 2023 | finance.yahoo.comNexstar Media Group Reports Record First Quarter Net Revenue of $1.26 BillionMay 8, 2023 | msn.comNexstar Media Agrees to Acquire KUSI San Diego for $35 MillionMay 8, 2023 | msn.comNexstar Media Group to acquire KUSI-TVMay 8, 2023 | msn.comNexstar Media Q1 2023 Earnings PreviewSee More Headlines NXST Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NXST Company Calendar Last Earnings5/09/2023Ex-Dividend for 5/26 Dividend5/11/2023Dividend Payable5/26/2023Today6/10/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Television broadcasting stations Sub-IndustryBroadcasting SectorConsumer Discretionary Current SymbolNASDAQ:NXST CUSIP65336K10 CIK1142417 Webwww.nexstar.tv Phone(972) 373-8800Fax972-373-8888Employees12,971Year FoundedN/APrice Target and Rating Average Stock Price Forecast$221.40 High Stock Price Forecast$237.00 Low Stock Price Forecast$175.00 Forecasted Upside/Downside+33.8%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$21.13 Trailing P/E Ratio7.83 Forward P/E Ratio14.29 P/E Growth1.45Net Income$971.10 million Net Margins15.80% Pretax Margin19.84% Return on Equity33.29% Return on Assets7.31% Debt Debt-to-Equity Ratio2.56 Current Ratio1.97 Quick Ratio1.97 Sales & Book Value Annual Sales$5.21 billion Price / Sales1.14 Cash Flow$45.72 per share Price / Cash Flow3.62 Book Value$73.44 per share Price / Book2.25Miscellaneous Outstanding Shares35,860,000Free Float33,741,000Market Cap$5.94 billion OptionableOptionable Beta1.48 Key ExecutivesPerry A. SookChairman & Chief Executive OfficerThomas E. CarterPresident & Chief Operating OfficerLee Ann GlihaChief Financial Officer & Executive Vice PresidentDione J. RigsbyVice President-TechnologyBrett E. JenkinsChief Technology Officer & Executive VPKey CompetitorsFormula One GroupNASDAQ:FWONATEGNANYSE:TGNAGrupo Televisa, S.A.B.NYSE:TVParamount GlobalNASDAQ:PARAViacomCBSNASDAQ:VIACAView All CompetitorsInsiders & InstitutionsCharles Thomas McmillenSold 1,250 sharesTotal: $205,725.00 ($164.58/share)Charles Thomas McmillenSold 1,250 sharesTotal: $205,725.00 ($164.58/share)Thomas CarterSold 10,000 sharesTotal: $1.66 M ($166.25/share)Blake RussellSold 511 sharesTotal: $81,157.02 ($158.82/share)Gary WeitmanSold 425 sharesTotal: $67,498.50 ($158.82/share)View All Insider TransactionsView All Institutional Transactions NXST Stock - Frequently Asked Questions Should I buy or sell Nexstar Media Group stock right now? 4 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 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. What is Nexstar Media Group's stock price forecast for 2023? 4 Wall Street research analysts have issued 12-month price targets for Nexstar Media Group's stock. Their NXST share price forecasts range from $175.00 to $237.00. On average, they predict the company's share price to reach $221.40 in the next twelve months. This suggests a possible upside of 33.8% 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 the year. Since then, NXST stock has decreased by 5.4% and is now trading at $165.51. 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 Thursday, August 3rd 2023. View our NXST earnings forecast. How were Nexstar Media Group's earnings last quarter? Nexstar Media Group, Inc. (NASDAQ:NXST) announced its quarterly earnings results on Tuesday, May, 9th. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.13 by $0.84. The firm earned $1.26 billion during 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%. Nexstar Media Group's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.99 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, April 28th. Stockholders 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 yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 11th. Read our dividend analysis for NXST. What ETFs hold Nexstar Media Group's stock? 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), iShares Focused Value Factor ETF (FOVL), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Freedom Day Dividend ETF (MBOX) and Invesco S&P MidCap 400 Pure Growth ETF (RFG). 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 3.21%. 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. 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 many different 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. 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 $165.51. How much money does Nexstar Media Group make? Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $5.94 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. 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 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nexstar Media Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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