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NASDAQ:NXSTNexstar Media Group Stock Price, Forecast & News

$91.90
+1.33 (+1.47 %)
(As of 08/14/2020 04:00 PM ET)
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Compare
Today's Range
$89.82
Now: $91.90
$92.71
50-Day Range
$76.04
MA: $84.72
$92.48
52-Week Range
$43.37
Now: $91.90
$133.25
Volume210,579 shs
Average Volume638,362 shs
Market Capitalization$4.16 billion
P/E Ratio12.00
Dividend Yield2.47%
Beta1.85
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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Nexstar Media Group logo

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
Sub-IndustryBroadcasting
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.04 billion
Cash Flow$16.38 per share
Book Value$44.51 per share

Profitability

Net Income$230.26 million

Miscellaneous

Employees16,193
Market Cap$4.16 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$91.90
+1.33 (+1.47 %)
(As of 08/14/2020 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 (Coronavirus)?

Nexstar Media Group's stock was trading at $82.17 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NXST shares have increased by 11.8% and is now trading at $91.90.
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) posted its quarterly earnings data on Wednesday, August, 5th. The company reported $2.13 EPS for the quarter, topping the Zacks' consensus estimate of $1.28 by $0.85. The firm earned $914.63 million during the quarter, compared to analysts' expectations of $906.25 million. Nexstar Media Group had a return on equity of 19.50% and a net margin of 9.65%. The business's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period last year, the business 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 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, August 6th.
View Nexstar Media Group's dividend history
.

What price target have analysts set for NXST?

6 Wall Street analysts 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 year. This suggests a possible upside of 30.6% from the stock's current price.
View analysts' price targets for Nexstar Media Group
.

Has Nexstar Media Group been receiving favorable news coverage?

Media stories about NXST stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nexstar Media Group earned a news impact score of -1.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Nexstar Media Group
.

Are investors shorting Nexstar Media Group?

Nexstar Media Group saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 3,290,000 shares, a decline of 18.0% from the January 15th total of 4,010,000 shares. Based on an average trading volume of 491,600 shares, the short-interest ratio is presently 6.7 days. Currently, 7.4% of the company's shares are short sold.
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 shareholders include Vanguard Group Inc. (8.71%), FMR LLC (8.67%), Goldman Sachs Group Inc. (1.99%), Epoch Investment Partners Inc. (1.99%), Bank of New York Mellon Corp (0.95%) and Channing Capital Management LLC (0.89%). 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 major investors are selling Nexstar Media Group stock?

NXST stock was sold by a variety of institutional investors in the last quarter, including Ruffer LLP, Vanguard Group Inc., Epoch Investment Partners Inc., UBS Group AG, Principal Financial Group Inc., TimesSquare Capital Management LLC, TD Asset Management Inc., and Foster & Motley Inc.. 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 major investors are buying Nexstar Media Group stock?

NXST stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Hudson Bay Capital Management LP, Strs Ohio, Channing Capital Management LLC, Goldman Sachs Group Inc., Ziegler Capital Management LLC, Nordea Investment Management AB, and Gamco Investors INC. ET AL. 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 $91.90.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $4.16 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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