Nexstar Media Group Stock Price, News & Analysis (NASDAQ:NXST)

$103.18

+1.27 (+1.25 %)

(As of 09/20/2019 04:00 PM ET)

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Today's Range

$102.57

Now: $103.18▼

$105.9650

50-Day Range

$90.43

MA: $98.13▼

$107.20

52-Week Range

$70.09

Now: $103.18▼

$119.93

Volume658,961 shs

Average Volume477,899 shs

Market Capitalization$4.76 billion

P/E Ratio12.08

Dividend Yield1.74%

Beta1.51

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. Read More…

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Television broadcasting stations

Sub-IndustryBroadcasting

SectorConsumer Discretionary

Current SymbolNASDAQ:NXST

Previous Symbol

CUSIP65336K10

CIK1142417

Webhttp://www.nexstar.tv/

Phone972-373-8800

Debt

Debt-to-Equity Ratio1.88

Current Ratio1.57

Quick Ratio1.57

Price-To-Earnings

Trailing P/E Ratio12.08

Forward P/E Ratio16.72

P/E Growth1.67

Sales & Book Value

Annual Sales$2.77 billion

Price / Sales1.72

Cash Flow$16.5618 per share

Price / Cash Flow6.23

Book Value$40.97 per share

Price / Book2.52

Profitability

EPS (Most Recent Fiscal Year)$8.54

Net Income$389.48 million

Net Margins13.61%

Return on Equity21.05%

Return on Assets5.56%

Miscellaneous

Employees8,959

Outstanding Shares46,110,000

Market Cap$4.76 billion

Next Earnings Date11/14/2019 (Estimated)

OptionableOptionable

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Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

What is Nexstar Media Group's stock symbol?

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

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, July 26th. Shareholders of record on Friday, August 9th will be given a dividend of $0.45 per share on Friday, August 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, August 8th. View Nexstar Media Group's Dividend History.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) issued its quarterly earnings results on Wednesday, August, 7th. The company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.04. The company had revenue of $649.01 million for the quarter, compared to the consensus estimate of $653 million. Nexstar Media Group had a return on equity of 21.05% and a net margin of 13.61%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS. View Nexstar Media Group's Earnings History.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Nexstar Media Group.

What price target have analysts set for NXST?

8 brokerages have issued 1 year price objectives for Nexstar Media Group's stock. Their forecasts range from $112.00 to $150.00. On average, they anticipate Nexstar Media Group's share price to reach $128.6667 in the next twelve months. This suggests a possible upside of 24.7% from the stock's current price. View Analyst Price Targets for Nexstar Media Group.

What is the consensus analysts' recommendation for Nexstar Media Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Nexstar Media Group.

What are Wall Street analysts saying about Nexstar Media Group stock?

Here are some recent quotes from research analysts about Nexstar Media Group stock:

1. According to Zacks Investment Research, "Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX and UPN. " (8/13/2019)
2. Benchmark Co. analysts commented, "We note that Nexstar can get creative to sell additional top-tier markets without significantly impacting EBITDA by moving non- big-4-affiliated or independent stations in those markets (6 markets between 3-25 fit that criteria; see page 2 for overlap and prior planned divestitures from SBGI). We think a sub 9x buyer’s multiple (on highly conservative synergies and material retrans and political upside in 2020) is very reasonable. We are establishing a new $115 per share price target using a sum-of-the-parts analysis. We estimate that, ex-WGNA and ex-Food, blended 2019/2020 TV EBITDA will be $1.4 billion." (12/4/2018)
3. Barrington Research analysts commented, "We would expect interest rates to be higher on this transaction, taking into account the greater degree of leverage post-close, as well as interest rate increases since the MEG transaction closed, which may reduce the speed with which the company would be able to reduce leverage." (12/3/2018)

Has Nexstar Media Group been receiving favorable news coverage?

News articles about NXST stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing 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 nearest to five being the most favorable. Nexstar Media Group earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Nexstar Media Group.

Are investors shorting Nexstar Media Group?

Nexstar Media Group saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,954,200 shares, an increase of 18.3% from the July 31st total of 2,498,100 shares. Based on an average trading volume of 558,800 shares, the days-to-cover ratio is currently 5.3 days. Approximately 6.6% of the company's stock are sold short. View Nexstar Media Group's Current Options Chain.

Who are some of Nexstar Media Group's key competitors?

Some companies that are related to Nexstar Media Group include CBS (CBS.A), CBS (CBS), Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), Grupo Televisa SAB (TV), Sinclair Broadcast Group (SBGI), Tribune (TRCO), PROSIEBENSAT 1/ADR (PBSFY), TEGNA (TGNA), Television Francaise 1 (TVFCF), Gray Television (GTN.A), Gray Television (GTN), Central European Media Enterprises (CETV) and E. W. Scripps (SSP).

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), Bank Of The Ozarks (OZRK), Accenture (ACN), AutoZone (AZO) and Och-Ziff Capital Management Group (OZM).

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the folowing 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)

Who are Nexstar Media Group's major shareholders?

Nexstar Media Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.95%), BlackRock Inc. (4.25%), Windacre Partnership LLC (3.92%), JPMorgan Chase & Co. (3.90%), P2 Capital Partners LLC (3.34%) and Baupost Group LLC MA (3.03%). Company insiders that own Nexstar Media Group stock include Andrew Alford, Anthony Katsur, Blake Russell, Brett Jenkins, Brian Jones, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Michael Vaughn, Jay M Grossman, John R Muse, Keith P Hopkins, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Thomas Carter and Timothy C Busch. 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 BlackRock Inc., Quest Capital Management Inc. ADV, Bank of New York Mellon Corp, Royal Bank of Canada, Bank of America Corp DE, Brown Advisory Inc., Vaughan Nelson Investment Management L.P. and Westfield Capital Management Co. LP. Company insiders that have sold Nexstar Media Group company stock in the last year include Blake Russell, Brett Jenkins, Brian Jones, Dennis Miller, Elizabeth Ryder, Jay M Grossman, Martin Pompadur and Thomas Carter. View Insider Buying and Selling for Nexstar Media Group.

Which major investors are buying Nexstar Media Group stock?

NXST stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Baupost Group LLC MA, Vanguard Group Inc., Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, Boston Partners, Atria Investments LLC and Man Group plc. View Insider Buying and Selling 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 $103.18.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $4.76 billion and generates $2.77 billion in revenue each year. The company earns $389.48 million in net income (profit) each year or $8.54 on an earnings per share basis. Nexstar Media Group employs 8,959 workers across the globe.View Additional Information About Nexstar Media Group.

What is Nexstar Media Group's official website?

The official website for Nexstar Media Group is http://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]

MarketBeat Community Rating for Nexstar Media Group (NASDAQ NXST)

Community Ranking:		3.0 out of 5 ( )
Outperform Votes:		409 (Vote Outperform)
Underperform Votes:		282 (Vote Underperform)
Total Votes:		691

MarketBeat's community ratings are surveys of what our community members think about Nexstar Media Group and other stocks. Vote "Outperform" if you believe NXST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NXST will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 9/21/2019 by MarketBeat.com Staff

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