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

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$91.33 +0.49 (+0.54 %)
(As of 02/22/2019 03:32 PM ET)
Previous Close$90.84
Today's Range$90.93 - $91.76
52-Week Range$60.30 - $91.98
Volume17,036 shs
Average Volume370,718 shs
Market Capitalization$4.17 billion
P/E Ratio22.95
Dividend Yield1.98%
Beta1.41
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences. It also provides sales, programming, and other services through various local service agreements to 36 power television stations owned and/or operated by independent third parties. As of December 31, 2017, the company owned, operated, programmed, or provided sales and other services to 170 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. The company's stations reach approximately 43.6 million viewers. 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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Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.43 billion
Cash Flow$11.9542 per share
Book Value$34.70 per share

Profitability

Net Income$474.99 million

Miscellaneous

Employees9,113
Market Cap$4.17 billion
Next Earnings Date2/26/2019 (Confirmed)
OptionableOptionable

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, January 25th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.45 per share on Friday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, February 7th. This is a boost from Nexstar Media Group's previous quarterly dividend of $0.38. View Nexstar Media Group's Dividend History.

How will Nexstar Media Group's stock buyback program work?

Nexstar Media Group announced that its Board of Directors has authorized a share buyback program on Monday, June 12th 2017, which allows the company to repurchase $51,300,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) issued its quarterly earnings results on Wednesday, August, 8th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.14. The company earned $660.30 million during the quarter, compared to the consensus estimate of $657.92 million. Nexstar Media Group had a return on equity of 19.12% and a net margin of 23.45%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 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 Tuesday, February 26th 2019. View Earnings Estimates for Nexstar Media Group.

How can I listen to Nexstar Media Group's earnings call?

Nexstar Media Group will be holding an earnings conference call on Tuesday, February 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 3343230522.

What price target have analysts set for NXST?

10 brokers have issued 12-month price targets for Nexstar Media Group's shares. Their forecasts range from $87.00 to $123.00. On average, they expect Nexstar Media Group's share price to reach $106.1429 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Price Targets for Nexstar Media Group.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 1 hold rating and 9 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. " (2/21/2019)
  • 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?

Headlines about NXST stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nexstar Media Group earned a news impact score of 1.7 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

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), Endologix (ELGX), CA (CA), Chipotle Mexican Grill (CMG), BlackRock (BLK), Aegean Marine Petroleum Network (ANW), AutoZone (AZO), Bank Of The Ozarks (OZRK), Athabasca Oil (ATH) and Belden (BDC).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.81%), Windacre Partnership LLC (5.54%), Hound Partners LLC (4.97%), Dimensional Fund Advisors LP (4.08%), Vaughan Nelson Investment Management L.P. (3.34%) and Bank of America Corp DE (2.22%). Company insiders that own Nexstar Media Group stock include Andrew Alford, Anthony Katsur, Blake Russell, Brian Jones, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Michael Vaughn, Jay M Grossman, John R Muse, Julie Pruett, Keith P Hopkins, Lisbeth Mcnabb, Perry A Sook, Thomas Carter, Thomas O'brien 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 Hound Partners LLC, Meghalaya Partners L.P., Westfield Capital Management Co. LP, Deprince Race & Zollo Inc., FrontFour Capital Group LLC, New Mountain Vantage Advisers L.L.C., Bank of New York Mellon Corp and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold Nexstar Media Group company stock in the last year include Andrew Alford, Anthony Katsur, Blake Russell, Brian Jones, Douglas Davis, Elizabeth Ryder, Jay M Grossman, Keith P Hopkins and Lisbeth Mcnabb. 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 Windacre Partnership LLC, Baupost Group LLC MA, Victory Capital Management Inc., Bank of America Corp DE, SkyTop Capital Management LLC, Prudential Financial Inc., ClariVest Asset Management LLC and Squarepoint Ops LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Nexstar Media Group's stock price today?

One share of NXST stock can currently be purchased for approximately $91.34.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $4.17 billion and generates $2.43 billion in revenue each year. The company earns $474.99 million in net income (profit) each year or $3.98 on an earnings per share basis. Nexstar Media Group employs 9,113 workers across the globe.

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 (star star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  255 (Vote Underperform)
Total Votes:  625
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 2/22/2019 by MarketBeat.com Staff

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