Nexstar Media Group - NXST Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NXST shares.
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4 equities research analysts have issued 1 year target prices for Nexstar Media Group's shares. Their NXST share price forecasts range from $175.00 to $237.00. On average, they expect the company's stock price to reach $215.33 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price.
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Nexstar Media Group's stock was trading at $175.03 at the beginning of the year. Since then, NXST stock has increased by 11.5% and is now trading at $195.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our NXST earnings forecast.

Nexstar Media Group, Inc. (NASDAQ:NXST) announced its quarterly earnings data on Tuesday, November, 8th. The company reported $7.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.50 by $1.80. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.29 billion. Nexstar Media Group had a trailing twelve-month return on equity of 35.59% and a net margin of 20.76%.

Nexstar Media Group declared a quarterly dividend on Friday, October 28th. Investors of record on Monday, November 14th will be given a dividend of $0.90 per share on Monday, November 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 10th.
Read our dividend analysis for NXST.

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 1.88%. The company 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 is 14.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 19.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXST.

173 employees have rated Nexstar Media Group Chief Executive Officer Perry A. Sook on Glassdoor.com. Perry A. Sook has an approval rating of 46% among the company's employees. This puts Perry A. Sook in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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."

Nexstar Media Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Copeland Capital Management LLC (1.02%), Wedge Capital Management L L P NC (0.68%), Strs Ohio (0.39%), Phocas Financial Corp. (0.22%), Crossmark Global Holdings Inc. (0.17%) and Ziegler Capital Management LLC (0.17%). Insiders that own company stock include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, John R Muse, Karen A Brophy, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Sean Compton, Thomas Carter, Timothy C Busch and William Sally.
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Shares of NXST stock 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 $195.14.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $7.36 billion and generates $4.65 billion in revenue each year. The company earns $834.57 million in net income (profit) each year or $25.04 on an earnings per share basis.

The company 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 the company 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.