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Nexstar Media Group Stock Forecast, Price & News

$169.72
+2.74 (+1.64%)
(As of 06/28/2022 11:05 AM ET)
Add
Compare
Today's Range
$167.77
$170.62
50-Day Range
$152.40
$178.48
52-Week Range
$135.87
$192.84
Volume
3,484 shs
Average Volume
279,989 shs
Market Capitalization
$6.86 billion
P/E Ratio
8.24
Dividend Yield
2.19%
Price Target
$210.57
30 days | 90 days | 365 days | Advanced Chart

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NXST Stock Forecast (MarketRank)

Overall MarketRank

3.13 out of 5 stars

Consumer Discretionary Sector

13th out of 404 stocks

Television Broadcasting Stations Industry

1st out of 21 stocks

Analyst Opinion: 2.5Community Rank: 4.8Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Nexstar Media Group logo

About Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. 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.

NXST Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:NXST
CUSIP
65336K10
Employees
12,473
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Today
6/28/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$210.57
High Stock Price Forecast
$225.00
Low Stock Price Forecast
$181.00
Forecasted Upside/Downside
+24.1%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
4 Analysts

Profitability

Net Income
$834.57 million
Pretax Margin
23.99%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$36.34 per share
Book Value
$69.88 per share

Miscellaneous

Free Float
37,616,000
Market Cap
$6.86 billion
Optionable
Optionable
Beta
1.53














Nexstar Media Group 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Nexstar Media Group stock.
View analyst ratings for Nexstar Media Group
or view top-rated stocks.

What is Nexstar Media Group's stock price forecast for 2022?

4 Wall Street research analysts have issued 1 year price targets for Nexstar Media Group's shares. Their NXST stock forecasts range from $181.00 to $225.00. On average, they expect Nexstar Media Group's stock price to reach $210.57 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price.
View analysts' price targets for Nexstar Media Group
or view top-rated stocks among Wall Street analysts.

How has Nexstar Media Group's stock price performed in 2022?

Nexstar Media Group's stock was trading at $150.98 at the beginning of 2022. Since then, NXST shares have increased by 12.1% and is now trading at $169.29.
View the best growth stocks for 2022 here
.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Nexstar Media Group
.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) announced its earnings results on Tuesday, May, 10th. The company reported $5.99 earnings per share for the quarter, topping analysts' consensus estimates of $4.33 by $1.66. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Nexstar Media Group had a net margin of 18.66% and a trailing twelve-month return on equity of 32.08%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.42 EPS.
View Nexstar Media Group's earnings history
.

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 29th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.90 per share on Friday, May 27th. This represents a $3.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, May 12th.
View Nexstar Media Group's dividend history
.

Is Nexstar Media Group a good dividend stock?

Nexstar Media Group(NASDAQ:NXST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.19%. Nexstar Media Group has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Nexstar Media Group is 17.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 16.50% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.
View Nexstar Media Group's dividend history.

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the following people:

What is Perry A. Sook's approval rating as Nexstar Media Group's CEO?

173 employees have rated Nexstar Media Group CEO Perry A. Sook on Glassdoor.com. Perry A. Sook has an approval rating of 46% among Nexstar Media Group's employees. This puts Perry A. Sook in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.98%), Neuberger Berman Group LLC (5.05%), BlackRock Inc. (4.24%), Dimensional Fund Advisors LP (4.12%), Boston Partners (3.17%) and Baupost Group LLC MA (2.84%). Company insiders that own Nexstar Media Group 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, Timothy C Busch and William Sally.
View institutional ownership trends for Nexstar Media Group
.

Which institutional investors are selling Nexstar Media Group stock?

NXST stock was sold by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Clark Capital Management Group Inc., Invesco Ltd., JPMorgan Chase & Co., Tributary Capital Management LLC, Dimensional Fund Advisors LP, Charles Schwab Investment Management Inc., and Brown Advisory Inc.. Company insiders that have sold Nexstar Media Group company stock in the last two years include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, John R Muse, Karen A Brophy, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Sean Compton, Thomas Carter, and Timothy C Busch.
View insider buying and selling activity for Nexstar Media Group
or view top insider-selling stocks.

Which institutional investors are buying Nexstar Media Group stock?

NXST stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Provident Investment Management Inc., Boston Financial Mangement LLC, Scion Asset Management LLC, Kempen Capital Management N.V., Pacer Advisors Inc., Simcoe Capital Management LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity for Nexstar Media Group
or or view top insider-buying stocks.

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 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 $169.29.

How much money does Nexstar Media Group make?

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $6.84 billion and generates $4.65 billion in revenue each year. The company earns $834.57 million in net income (profit) each year or $20.59 on an earnings per share basis.

How many employees does Nexstar Media Group have?

Nexstar Media Group employs 12,473 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 Nexstar Media Group is www.nexstar.tv. The company can be reached via phone at (972) 373-8800, via email at [email protected], or via fax at 972-373-8888.

This page (NASDAQ:NXST) was last updated on 6/28/2022 by MarketBeat.com Staff

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