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NASDAQ:NXSTNexstar Media Group Stock Price, Forecast & News

-2.64 (-2.85 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $89.84
50-Day Range
MA: $84.72
52-Week Range
Now: $89.84
Volume298,300 shs
Average Volume641,105 shs
Market Capitalization$4.07 billion
P/E Ratio11.73
Dividend Yield2.49%
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences. As of December 31, 2018, the company also provides sales, programming, and other services through various local service agreements to 38 power television stations owned and/or operated by independent third parties; owned, operated, programmed, or provided sales and other services to 174 television stations in 100 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, and Wisconsin; and reaches 42.7 million television households. It affiliates of ABC, NBC, FOX, CBS, The CW, MNTV 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.9Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars

Industry, Sector and Symbol

Industry Television broadcasting stations
Current SymbolNASDAQ:NXST



Sales & Book Value

Annual Sales$3.04 billion
Cash Flow$16.01 per share
Book Value$44.51 per share


Net Income$230.26 million


Market Cap$4.07 billion
Next Earnings Date11/4/2020 (Estimated)
-2.64 (-2.85 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

How has Nexstar Media Group's stock price been impacted by COVID-19?

Nexstar Media Group's stock was trading at $82.17 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NXST stock has increased by 9.3% and is now trading at $89.84.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Nexstar Media Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Nexstar Media Group

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Nexstar Media Group

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) released its earnings results on Wednesday, August, 5th. The company reported $2.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.28 by $0.85. The company had revenue of $914.63 million for the quarter, compared to analyst estimates of $906.25 million. Nexstar Media Group had a return on equity of 19.50% and a net margin of 9.65%. The firm's revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share.
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 declared a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.56 per share on Friday, August 21st. This represents a $2.24 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, August 6th.
View Nexstar Media Group's dividend history

What price target have analysts set for NXST?

6 brokers have issued 12-month price objectives for Nexstar Media Group's shares. Their forecasts range from $91.00 to $150.00. On average, they anticipate Nexstar Media Group's share price to reach $120.00 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
View analysts' price targets for Nexstar Media Group

Has Nexstar Media Group been receiving favorable news coverage?

Headlines about NXST stock have trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nexstar Media Group earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Nexstar Media Group

Are investors shorting Nexstar Media Group?

Nexstar Media Group saw a drop in short interest in January. As of January 31st, there was short interest totaling 3,290,000 shares, a drop of 18.0% from the January 15th total of 4,010,000 shares. Based on an average daily volume of 491,600 shares, the short-interest ratio is currently 6.7 days. Currently, 7.4% of the company's stock are sold short.
View Nexstar Media Group's Short Interest

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), Micron Technology (MU), AutoZone (AZO) and Bank Of The Ozarks (OZRK).

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the following people:
  • Mr. Perry A. Sook, Chairman, Pres & CEO (Age 61)
  • Mr. Thomas E. Carter, Exec. VP & CFO (Age 61)
  • Mr. Timothy C. Busch, Pres of Nexstar Broadcasting Inc (Age 56)
  • Mr. Gregory R. Raifman, Pres of Nexstar Digital LLC (Age 59)
  • Mr. Brian Jones, Exec. VP & COO of Nexstar Broadcasting, Inc. (Age 59)

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 FMR LLC (8.67%), Goldman Sachs Group Inc. (1.99%), Epoch Investment Partners Inc. (1.99%), Bank of New York Mellon Corp (0.95%), Copeland Capital Management LLC (0.74%) and HighTower Advisors LLC (0.67%). Company insiders that own Nexstar Media Group stock include Andrew Alford, Blake Russell, Brett Jenkins, Brian Jones, Charles Thomas Mcmillen, Dennis Miller, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, Jay M Grossman, John R Muse, Keith P Hopkins, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, 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 Ruffer LLP, Epoch Investment Partners Inc., UBS Group AG, Principal Financial Group Inc., TimesSquare Capital Management LLC, TD Asset Management Inc., Foster & Motley Inc., and AlphaCrest Capital Management LLC. Company insiders that have sold Nexstar Media Group company stock in the last year include Charles Thomas Mcmillen, Dennis Miller, Elizabeth Ryder, Gregory R Raifman, Perry A Sook, Thomas Carter, Timothy C Busch, and William Sally.
View insider buying and selling activity for Nexstar Media Group

Which institutional investors are buying Nexstar Media Group stock?

NXST stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Hudson Bay Capital Management LP, Strs Ohio, Goldman Sachs Group Inc., Ziegler Capital Management LLC, Nordea Investment Management AB, Gamco Investors INC. ET AL, and Prudential Financial Inc.. Company insiders that have bought Nexstar Media Group stock in the last two years include Gary Weitman, and John R Muse.
View insider buying and selling activity for Nexstar Media Group

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Nexstar Media Group's stock price today?

One share of NXST stock can currently be purchased for approximately $89.84.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $4.07 billion and generates $3.04 billion in revenue each year. The company earns $230.26 million in net income (profit) each year or $5.04 on an earnings per share basis. Nexstar Media Group employs 16,193 workers across the globe.

What is Nexstar Media Group's official website?

The official website for Nexstar Media Group is www.nexstar.tv.

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 company can be reached via phone at 972-373-8800 or via email at [email protected]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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