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

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$82.67 -0.08 (-0.10 %)
(As of 01/17/2019 11:53 AM ET)
Previous Close$82.75
Today's Range$82.01 - $83.04
52-Week Range$60.30 - $89.75
Volume110,370 shs
Average Volume681,908 shs
Market Capitalization$3.78 billion
P/E Ratio20.77
Dividend Yield1.81%
Beta1.54
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences. It also provides sales, programming, and other services through various local service agreements to 36 power television stations owned and/or operated by independent third parties. As of December 31, 2017, the company owned, operated, programmed, or provided sales and other services to 170 television stations in 100 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, and Wisconsin. The company's stations reach approximately 43.6 million viewers. 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.

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Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800

Debt

Current Ratio2.09
Quick Ratio2.09

Price-To-Earnings

Sales & Book Value

Annual Sales$2.43 billion
Price / Sales1.55
Cash Flow$11.8608 per share
Price / Cash Flow6.97
Book Value$34.70 per share
Price / Book2.38

Profitability

Net Income$474.99 million
Net Margins23.45%
Return on Assets4.30%

Miscellaneous

Employees9,113
Market Cap$3.78 billion
OptionableOptionable

Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

What is Nexstar Media Group's stock symbol?

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

How often does Nexstar Media Group pay dividends? What is the dividend yield for Nexstar Media Group?

Nexstar Media Group declared a quarterly dividend on Monday, October 29th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.375 per share on Friday, November 30th. This represents a $1.50 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, November 15th. View Nexstar Media Group's Dividend History.

How will Nexstar Media Group's stock buyback program work?

Nexstar Media Group announced that its Board of Directors has approved a stock repurchase program on Monday, June 12th 2017, which allows the company to repurchase $51,300,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) posted its earnings results on Thursday, November, 8th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $693 million for the quarter, compared to analyst estimates of $676.34 million. Nexstar Media Group had a return on equity of 19.12% and a net margin of 23.45%. Nexstar Media Group's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. View Nexstar Media Group's Earnings History.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Nexstar Media Group.

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

Nexstar Media Group will be holding an earnings conference call on Tuesday, February 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 3343230522.

What price target have analysts set for NXST?

11 analysts have issued 12 month price targets for Nexstar Media Group's shares. Their predictions range from $87.00 to $123.00. On average, they anticipate Nexstar Media Group's stock price to reach $103.8750 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View Analyst Price Targets for Nexstar Media Group.

What is the consensus analysts' recommendation for Nexstar Media Group?

11 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Nexstar Media Group.

What are Wall Street analysts saying about Nexstar Media Group stock?

Here are some recent quotes from research analysts about Nexstar Media Group stock:
  • 1. According to Zacks Investment Research, "Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX and UPN. " (12/12/2018)
  • 2. Benchmark Co. analysts commented, "We note that Nexstar can get creative to sell additional top-tier markets without significantly impacting EBITDA by moving non- big-4-affiliated or independent stations in those markets (6 markets between 3-25 fit that criteria; see page 2 for overlap and prior planned divestitures from SBGI). We think a sub 9x buyer’s multiple (on highly conservative synergies and material retrans and political upside in 2020) is very reasonable. We are establishing a new $115 per share price target using a sum-of-the-parts analysis. We estimate that, ex-WGNA and ex-Food, blended 2019/2020 TV EBITDA will be $1.4 billion." (12/4/2018)
  • 3. Barrington Research analysts commented, "We would expect interest rates to be higher on this transaction, taking into account the greater degree of leverage post-close, as well as interest rate increases since the MEG transaction closed, which may reduce the speed with which the company would be able to reduce leverage." (12/3/2018)

Has Nexstar Media Group been receiving favorable news coverage?

Media coverage about NXST stock has trended positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Nexstar Media Group earned a daily sentiment score of 2.6 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the company's share price in the near future.

Who are some of Nexstar Media Group's key competitors?

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the folowing people:
  • Mr. Perry A. Sook, Chairman, Pres & CEO (Age 61)
  • Mr. Thomas E. Carter, Exec. VP & CFO (Age 61)
  • Mr. Timothy C. Busch, Pres of Nexstar Broadcasting Inc (Age 56)
  • Mr. Gregory R. Raifman, Pres of Nexstar Digital LLC (Age 59)
  • Mr. Brian Jones, Exec. VP & COO of Nexstar Broadcasting, Inc. (Age 59)

Who are Nexstar Media Group's major shareholders?

Nexstar Media Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Boston Advisors LLC (0.19%), American National Bank (0.08%), Meeder Asset Management Inc. (0.01%) and First Hawaiian Bank (0.01%). Company insiders that own Nexstar Media Group stock include Andrew Alford, Anthony Katsur, Blake Russell, Brian Jones, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Michael Vaughn, Jay M Grossman, John R Muse, Julie Pruett, Keith P Hopkins, Lisbeth Mcnabb, Perry A Sook, Thomas Carter, Thomas O'brien and Timothy C Busch. View Institutional Ownership Trends for Nexstar Media Group.

Which institutional investors are buying Nexstar Media Group stock?

NXST stock was purchased by a variety of institutional investors in the last quarter, including Boston Advisors LLC, First Hawaiian Bank, Meeder Asset Management Inc. and American National Bank. View Insider Buying and Selling for Nexstar Media Group.

How do I buy shares of Nexstar Media Group?

Shares of NXST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nexstar Media Group's stock price today?

One share of NXST stock can currently be purchased for approximately $82.34.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $3.78 billion and generates $2.43 billion in revenue each year. The company earns $474.99 million in net income (profit) each year or $3.98 on an earnings per share basis. Nexstar Media Group employs 9,113 workers across the globe.

What is Nexstar Media Group's official website?

The official website for Nexstar Media Group is http://www.nexstar.tv.

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 company can be reached via phone at 972-373-8800 or via email at [email protected]


MarketBeat Community Rating for Nexstar Media Group (NASDAQ NXST)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  365 (Vote Outperform)
Underperform Votes:  250 (Vote Underperform)
Total Votes:  615
MarketBeat's community ratings are surveys of what our community members think about Nexstar Media Group and other stocks. Vote "Outperform" if you believe NXST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NXST will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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