Nexstar Media Group Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Nexstar Media Group stock.
View analyst ratings for Nexstar Media Group or view top-rated stocks.

4 brokerages have issued 12 month price objectives for Nexstar Media Group's shares. Their NXST stock forecasts range from $181.00 to $225.00. On average, they predict Nexstar Media Group's share price to reach $210.57 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
View analysts' price targets for Nexstar Media Group or view top-rated stocks among Wall Street analysts.

Nexstar Media Group's stock was trading at $150.98 at the start of the year. Since then, NXST shares have increased by 11.6% and is now trading at $168.53.
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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.

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

Nexstar Media Group declared a quarterly dividend on Friday, April 29th. Shareholders 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 yield of 2.14%. The ex-dividend date is Thursday, May 12th.
View Nexstar Media Group's dividend history.

Nexstar Media Group(NASDAQ:NXST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.21%. 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.

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.

Some companies that are related to Nexstar Media Group include Formula One Group (FWONA), Sinclair Broadcast Group (SBGI), Entravision Communications (EVC), Salem Media Group (SALM) and Beasley Broadcast Group (BBGI).
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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).

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

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.
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One share of NXST stock can currently be purchased for approximately $168.53.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $6.81 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.

Nexstar Media Group employs 12,473 workers across the globe.

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 nxst@jcir.com, or via fax at 972-373-8888.