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. $196.24 +4.28 (+2.23%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$192.83▼$196.2750-Day Range$169.52▼$196.2452-Week Range$151.01▼$204.62Volume261,925 shsAverage Volume199,007 shsMarket Capitalization$7.40 billionP/E Ratio7.84Dividend Yield1.88%Price Target$215.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Nexstar Media Group MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside9.7% Upside$215.33 Price TargetShort InterestHealthy6.27% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.45Upright™ Environmental ScoreNews Sentiment0.57Based on 6 Articles This WeekInsider TradingSelling Shares$8.52 M Sold Last QuarterProj. Earnings Growth-31.58%From $26.95 to $18.44 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.2.24 out of 5 starsConsumer Discretionary Sector68th out of 275 stocksTelevision Broadcasting Stations Industry3rd out of 14 stocks 1.4 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 $215.33, Nexstar Media Group has a forecasted upside of 9.7% from its current price of $196.24.Amount of Analyst CoverageNexstar Media Group has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.27% 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 4.2.Change versus previous monthShort interest in Nexstar Media Group has recently decreased by 10.00%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldNexstar Media Group pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNexstar Media Group has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Nexstar Media Group is 14.38%. 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 19.52% 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 2.5 News and Social Media Coverage News SentimentNexstar Media Group has a news sentiment score of 0.57. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Nexstar Media Group this week, compared to 3 articles on an average week.Search Interest6 people have searched for NXST on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% 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 $8,521,300.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Nexstar Media Group are expected to decrease by -31.58% in the coming year, from $26.95 to $18.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nexstar Media Group is 7.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Nexstar Media Group is 7.84, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.10.Price to Earnings Growth RatioNexstar Media Group has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioNexstar Media Group has a P/B Ratio of 2.81. 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 HeadlinesJanuary 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 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 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 continuesJanuary 19, 2023 | finance.yahoo.comStocks moving after the closing bell: Roblox, Procter & Gamble, Rivian, Lucid, Nexstar MediaJanuary 19, 2023 | finance.yahoo.comFox's (FOXA) Fox News Ends 2022 as the Number One News ChannelJanuary 19, 2023 | finance.yahoo.comThe CW Network and LIV Golf Enter Into Multi-Year AgreementJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 19, 2023 | finance.yahoo.comLIV Golf Reaches Deal to Broadcast Events on CW NetworkJanuary 17, 2023 | finance.yahoo.comNexstar Announces Newly-Created Advertising Sales Structure and Leadership Team Focused on Data-Driven, Multi-Platform ApproachJanuary 10, 2023 | finance.yahoo.comEmmy Award-Winning Journalist Elizabeth Vargas to Join NewsNation as Host of "Elizabeth Vargas Reports"January 5, 2023 | benzinga.comNexstar Media Group Stock (NASDAQ:NXST), Quotes and News SummaryDecember 31, 2022 | seekingalpha.comNXST Nexstar Media Group, Inc.December 9, 2022 | finance.yahoo.comNexstar Media (NXST) to Air 100 Days to Indy on CW NetworkDecember 6, 2022 | finance.yahoo.com12 Best Communication Stocks To Buy TodayDecember 2, 2022 | msn.comNexstar Media Group Earnings Perspective: Return On Invested CapitalDecember 1, 2022 | finance.yahoo.comNexstar Media Names Michael Strober as Chief Revenue OfficerNovember 29, 2022 | markets.businessinsider.comNexstar Media Climbs 7% On Joining S&P MidCap 400November 29, 2022 | markets.businessinsider.comNexstar Media To Replace Sabre In S&P MidCap 400November 17, 2022 | finance.yahoo.comHere's Why We Think Nexstar Media Group (NASDAQ:NXST) Is Well Worth WatchingNovember 17, 2022 | finance.yahoo.comThe Hill’s Midterm Election Coverage Sets New Audience RecordNovember 16, 2022 | benzinga.comNexstar Media Group Insider Trades Send a SignalNovember 15, 2022 | finance.yahoo.comNexstar Media Group to Participate in the Stephens Investment ConferenceNovember 9, 2022 | seekingalpha.comNexstar Media Group slips as Wells Fargo downgrades on worries over free cash flowNovember 8, 2022 | finance.yahoo.comNexstar Broadcasting Group (NXST) Q3 Earnings Surpass EstimatesNovember 8, 2022 | finance.yahoo.comNexstar Media Group Reports Record Third Quarter Net Revenue of $1.27 BillionSee 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 Earnings11/08/2022Ex-Dividend for 11/28 Dividend11/10/2022Dividend Payable11/28/2022Today1/27/2023Next Earnings (Estimated)2/28/2023Fiscal 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) 373-8800Fax972-373-8888Employees12,473Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$25.04 Trailing P/E Ratio7.84 Forward P/E Ratio7.42 P/E Growth1.28Net Income$834.57 million Net Margins20.76% Pretax Margin26.16% Return on Equity35.59% Return on Assets7.88% Debt Debt-to-Equity Ratio2.39 Current Ratio1.82 Quick Ratio1.82 Sales & Book Value Annual Sales$4.65 billion Price / Sales1.59 Cash Flow$35.94 per share Price / Cash Flow5.46 Book Value$69.88 per share Price / Book2.81Miscellaneous Outstanding Shares37,710,000Free Float35,823,000Market Cap$7.40 billion OptionableOptionable Beta1.44 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 & InstitutionsStrs OhioSold 116,120 shares on 1/26/2023Ownership: 0.387%Comerica BankBought 16,969 shares on 1/26/2023Ownership: 0.116%Oregon Public Employees Retirement FundBought 11,103 shares on 1/26/2023Ownership: 0.029%Dupont Capital Management CorpSold 6,626 shares on 1/26/2023Ownership: 0.015%Pinnacle Associates Ltd.Sold 1,050 shares on 1/25/2023Ownership: 0.118%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 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 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. 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