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S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
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S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
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NASDAQ:NXST

Nexstar Media Group - NXST Stock Forecast, Price & News

$196.24
+4.28 (+2.23%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$192.83
$196.27
50-Day Range
$169.52
$196.24
52-Week Range
$151.01
$204.62
Volume
261,925 shs
Average Volume
199,007 shs
Market Capitalization
$7.40 billion
P/E Ratio
7.84
Dividend Yield
1.88%
Price Target
$215.33

Nexstar Media Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.7% Upside
$215.33 Price Target
Short Interest
Healthy
6.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.57mentions of Nexstar Media Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$8.52 M Sold Last Quarter
Proj. Earnings Growth
-31.58%
From $26.95 to $18.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Consumer Discretionary Sector

68th out of 275 stocks

Television Broadcasting Stations Industry

3rd out of 14 stocks


NXST stock logo

About Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar 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.

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NXST Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Is This The End of Capitalism?
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Nexstar Media Group Insider Trades Send a Signal
See More Headlines
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NXST Company Calendar

Last Earnings
11/08/2022
Ex-Dividend for 11/28 Dividend
11/10/2022
Dividend Payable
11/28/2022
Today
1/27/2023
Next Earnings (Estimated)
2/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$215.33
High Stock Price Forecast
$237.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$834.57 million
Pretax Margin
26.16%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$35.94 per share
Book Value
$69.88 per share

Miscellaneous

Free Float
35,823,000
Market Cap
$7.40 billion
Optionable
Optionable
Beta
1.44

Key Executives

  • Perry A. SookPerry A. Sook
    Chairman & Chief Executive Officer
  • Thomas E. CarterThomas E. Carter
    President & Chief Operating Officer
  • Lee Ann Gliha
    Chief Financial Officer & Executive Vice President
  • Dione J. Rigsby
    Vice President-Technology
  • Brett E. JenkinsBrett E. Jenkins
    Chief Technology Officer & Executive VP













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 twelve months. 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 Wall Street analysts have issued 1 year price targets for Nexstar Media Group's stock. Their NXST share price forecasts range from $175.00 to $237.00. On average, they anticipate the company's share price to reach $215.33 in the next twelve months. This suggests a possible upside of 9.7% 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 on January 1st, 2023. Since then, NXST shares have increased by 12.1% and is now trading at $196.24.
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, February 28th 2023.
View our NXST earnings forecast
.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) posted its earnings results on Tuesday, November, 8th. The company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $5.50 by $1.80. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.29 billion. Nexstar Media Group had a net margin of 20.76% and a trailing twelve-month return on equity of 35.59%.

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, October 28th. Investors of record on Monday, November 14th will be paid a dividend of $0.90 per share on Monday, November 28th. This represents a $3.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, November 10th.
Read our dividend analysis for NXST
.

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 1.88%. The company 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 is 14.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 19.52% 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 institutional and retail investors. Top institutional investors include Copeland Capital Management LLC (1.02%), Wedge Capital Management L L P NC (0.68%), Strs Ohio (0.39%), Phocas Financial Corp. (0.22%), Crossmark Global Holdings Inc. (0.17%) and Ziegler Capital Management LLC (0.17%). 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, Timothy C Busch and William Sally.
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 $196.24.

How much money does Nexstar Media Group make?

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $7.40 billion and generates $4.65 billion in revenue each year. The company earns $834.57 million in net income (profit) each year or $25.04 on an earnings per share basis.

How many employees does Nexstar Media Group have?

The company 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 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 1/27/2023 by MarketBeat.com Staff