NASDAQ:NXST Nexstar Media Group - NXST Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $161.46 -1.79 (-1.10%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$161.22▼$165.3150-Day Range$159.20▼$212.7552-Week Range$151.01▼$217.76Volume308,755 shsAverage Volume530,643 shsMarket Capitalization$5.94 billionP/E Ratio6.69Dividend Yield3.34%Price Target$222.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Nexstar Media Group MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside37.5% Upside$222.00 Price TargetShort InterestBearish5.54% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.45Upright™ Environmental ScoreNews Sentiment-0.32Based on 8 Articles This WeekInsider TradingSelling Shares$1.37 M Sold Last QuarterProj. Earnings Growth99.72%From $14.43 to $28.82 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.3.03 out of 5 starsConsumer Discretionary Sector5th out of 261 stocksTelevision Broadcasting Stations Industry1st out of 14 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 $222.00, Nexstar Media Group has a forecasted upside of 37.5% from its current price of $161.46.Amount of Analyst CoverageNexstar Media Group has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.54% 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 5.4.Change versus previous monthShort interest in Nexstar Media Group has recently decreased by 3.48%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldNexstar Media Group pays a meaningful dividend of 3.36%, 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 22.36%. 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 18.74% 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 2.0 News and Social Media Coverage News SentimentNexstar Media Group has a news sentiment score of -0.32. 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 0.39 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Nexstar Media Group this week, compared to 3 articles on an average week.Search Interest25 people have searched for NXST on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.MarketBeat Follows7 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is an increase of 17% 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 $1,373,441.00 in company stock.Percentage Held by InsidersOnly 5.00% 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 99.72% in the coming year, from $14.43 to $28.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nexstar Media Group is 6.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Nexstar Media Group is 6.69, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.00.Price to Earnings Growth RatioNexstar Media Group has a PEG Ratio of 1.11. 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 2.20. 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 HeadlinesMarch 19, 2023 | americanbankingnews.comInsider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells $80,030.00 in StockMarch 14, 2023 | finance.yahoo.comDirecTV sues Nexstar, station owners over retransmission feesMarch 23, 2023 | Upexi, Inc (Ad)Could This Be The Biggest Stock Of 2023?This Little Known Company Has Been Growing It's Revenue By Over 100% Year Over Year!March 14, 2023 | finance.yahoo.comUPDATE 1-DirecTV sues Nexstar, station owners over retransmission feesMarch 13, 2023 | finance.yahoo.comNexstar Reaches Multi-year Agreement With Youtube TV for Launch of 59 Nexstar Stations Including Its CW, MyNet, and Independent Television StationsMarch 13, 2023 | finance.yahoo.comThe CW Network Renews and Extends Multi-Year Agreement With Youtube TV for Carriage of Its CW Affiliated Stations Across the CountryMarch 10, 2023 | finance.yahoo.comNexstar Media Group, Inc. (NASDAQ:NXST) Q4 2022 Earnings Call TranscriptMarch 3, 2023 | msn.comNexstar Media Group's Return On Capital Employed InsightsMarch 23, 2023 | Upexi, Inc (Ad)Could This Be The Biggest Stock Of 2023?This Little Known Company Has Been Growing It's Revenue By Over 100% Year Over Year!March 1, 2023 | finance.yahoo.comQ4 2022 Nexstar Media Group Inc Earnings CallMarch 1, 2023 | finance.yahoo.comNexstar Media Group Full Year 2022 Earnings: EPS Misses ExpectationsFebruary 28, 2023 | finance.yahoo.comNexstar Broadcasting Group (NXST) Beats Q4 Earnings EstimatesFebruary 28, 2023 | finance.yahoo.comNexstar Media Group Reports Record Fourth Quarter Net Revenue of $1.49 Billion and Fiscal Year 2022 Net Revenue of $5.21 BillionFebruary 27, 2023 | finance.yahoo.comNexstar Media Group to Participate in the Morgan Stanley Technology, Media & Telecom ConferenceFebruary 24, 2023 | finance.yahoo.comNexstar Names Joe Ruffolo Senior Vice President and General Manager for The Hill and NewsNation DigitalFebruary 8, 2023 | finance.yahoo.comFox (FOXA) Surpasses Q2 Earnings and Revenue EstimatesFebruary 6, 2023 | finance.yahoo.comDow Jones Drops Ahead Of Key Powell Speech; Pinterest Plunges On Earnings; 4 Other Earnings ReportersFebruary 6, 2023 | finance.yahoo.comDow Jones Falls 175 Points As Tesla Stock Rallies On Musk Verdict, Twitter CommentsFebruary 2, 2023 | finance.yahoo.comDow Jones Falls 275 Points After Jobless Claims; Meta Soars 20% On Strong Sales, $40 Billion BuybackFebruary 1, 2023 | finance.yahoo.comNexstar Media Group (NASDAQ:NXST) Will Pay A Larger Dividend Than Last Year At $1.35January 31, 2023 | finance.yahoo.comIBD 50 Stock To Watch: Nexstar Media Nears Buy Point; Relative Strength At New HighsJanuary 27, 2023 | finance.yahoo.comNexstar Media Group Raises Quarterly Cash Dividend by 50% to $1.35 Per ShareJanuary 27, 2023 | finance.yahoo.comNexstar Media says board is raising quarterly dividend by 50% to $1.35 a shareJanuary 26, 2023 | finance.yahoo.comNexstar Media Group to Report 2022 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 28January 20, 2023 | msn.comNational Press Club blasts Nexstar Media Group over ‘shameful’ LIV Golf dealJanuary 20, 2023 | finance.yahoo.comLIV Golf, The CW agree on broadcast TV deal as battle with PGA Tour continuesJanuary 19, 2023 | finance.yahoo.comLIV Golf, CW agree on broadcast TV deal as battle with PGA Tour continuesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings11/02/2021Ex-Dividend for 2/24 Dividend2/09/2023Dividend Payable2/24/2023Today3/22/2023Next Earnings (Estimated)5/09/2023Fiscal 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$222.00 High Stock Price Forecast$237.00 Low Stock Price Forecast$175.00 Forecasted Upside/Downside+37.5%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$24.15 Trailing P/E Ratio6.69 Forward P/E Ratio11.19 P/E Growth1.1Net Income$971.10 million Net Margins18.64% Pretax Margin23.36% Return on Equity37.40% Return on Assets8.31% Debt Debt-to-Equity Ratio2.47 Current Ratio1.81 Quick Ratio1.81 Sales & Book Value Annual Sales$5.21 billion Price / Sales1.14 Cash Flow$47.07 per share Price / Cash Flow3.43 Book Value$73.44 per share Price / Book2.20Miscellaneous Outstanding Shares36,770,000Free Float34,932,000Market Cap$5.94 billion OptionableOptionable Beta1.51 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 & InstitutionsThomas CarterSold 3,125 sharesTotal: $506,000.00 ($161.92/share)Brett JenkinsSold 448 sharesTotal: $73,489.92 ($164.04/share)Karen A BrophySold 111 sharesTotal: $18,208.44 ($164.04/share)Lisbeth McnabbSold 500 sharesTotal: $80,030.00 ($160.06/share)B. Riley Wealth Advisors Inc.Sold 215 shares on 3/15/2023Ownership: 0.010%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 equities 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 equities 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 analysts have issued 12 month price targets for Nexstar Media Group's shares. Their NXST share price forecasts range from $175.00 to $237.00. On average, they expect the company's share price to reach $222.00 in the next year. This suggests a possible upside of 37.5% 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 7.8% and is now trading at $161.46. 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 Tuesday, May 9th 2023. View our NXST earnings forecast. How were Nexstar Media Group's earnings last quarter? Nexstar Media Group, Inc. (NASDAQ:NXST) posted its quarterly earnings results on Tuesday, November, 2nd. The company reported $4.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.82 by $0.23. The company earned $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Nexstar Media Group had a net margin of 18.64% and a trailing twelve-month return on equity of 37.40%. During the same period in the previous year, the business posted $4.08 earnings per share. 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 Friday, January 27th. Stockholders of record on Friday, February 10th will be paid a dividend of $1.35 per share on Friday, February 24th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.90. 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), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Dynamic Media ETF (PBS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and iShares Focused Value Factor ETF (FOVL). 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 3.39%. 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 22.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 18.74% 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 a variety of retail and institutional investors. Top institutional investors include Boston Partners (4.86%), Neuberger Berman Group LLC (4.49%), Dimensional Fund Advisors LP (4.04%), LSV Asset Management (3.47%), Cardinal Capital Management LLC CT (2.50%) and Morgan Stanley (2.41%). Insiders that own company stock include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, John R Muse, Karen A Brophy, 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 $161.46. 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 $24.15 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 3/23/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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