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

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$78.99 -1.66 (-2.06 %)
(As of 11/18/2018 07:05 AM ET)
Previous Close$78.99
Today's Range$78.62 - $80.88
52-Week Range$60.30 - $89.75
Volume889,519 shs
Average Volume646,479 shs
Market Capitalization$3.60 billion
P/E Ratio11.93
Dividend Yield1.90%
Beta1.76
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

Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:NXST
Previous Symbol
CUSIP65336K10
Phone972-373-8800

Debt

Debt-to-Equity Ratio2.34
Current Ratio2.09
Quick Ratio2.09

Price-To-Earnings

Trailing P/E Ratio11.93
Forward P/E Ratio9.38
P/E Growth0.94

Sales & Book Value

Annual Sales$2.43 billion
Price / Sales1.48
Cash Flow$11.8782 per share
Price / Cash6.65
Book Value$38.41 per share
Price / Book2.06

Profitability

EPS (Most Recent Fiscal Year)$3.98
Net Income$474.99 million
Net Margins23.45%
Return on Equity19.12%
Return on Assets4.30%

Miscellaneous

Employees9,113
Outstanding Shares45,610,000
Market Cap$3.60 billion
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 Monday, October 29th. Stockholders of record on Friday, November 16th will be given a dividend of $0.375 per share on Friday, November 30th. This represents a $1.50 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, November 15th. View Nexstar Media Group's Dividend History.

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

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

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) issued its quarterly earnings data on Thursday, November, 8th. The company reported $2.12 EPS for the quarter, beating the Zacks' consensus estimate of $1.97 by $0.15. The company had revenue of $693 million for the quarter, compared to the consensus estimate of $676.34 million. Nexstar Media Group had a return on equity of 19.12% and a net margin of 23.45%. Nexstar Media Group's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. 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.

What price target have analysts set for NXST?

10 Wall Street analysts have issued twelve-month target prices for Nexstar Media Group's stock. Their forecasts range from $87.00 to $102.00. On average, they expect Nexstar Media Group's share price to reach $92.7778 in the next twelve months. This suggests a possible upside of 17.5% 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 2 hold ratings and 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. " (11/17/2018)
  • 2. Benchmark Co. analysts commented, "We continue to view VMVPD deals as a potential source of upside for unit economics, and see NXST as a leader in that category, auguring well for future cash flow. Political came in slightly below expectations, but seems to have simply been pulled into 2Q, with our $213 million forecast for the year remaining unchanged despite what looks to be a very promising geographic setup for Nexstar in terms of contested elections." (5/10/2018)

Has Nexstar Media Group been receiving favorable news coverage?

News stories about NXST stock have trended somewhat positive on Sunday, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 1.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

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

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 60)
  • Mr. Thomas E. Carter, Exec. VP & CFO (Age 60)
  • Mr. Timothy C. Busch, Pres of Nexstar Broadcasting Inc (Age 55)
  • Mr. Gregory R. Raifman, Pres of Nexstar Digital LLC (Age 58)
  • Mr. Brian Jones, Exec. VP & COO of Nexstar Broadcasting, Inc. (Age 58)

Who are Nexstar Media Group's major shareholders?

Nexstar Media Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Hound Partners LLC (7.01%), BlackRock Inc. (6.71%), Neuberger Berman Group LLC (6.40%), JPMorgan Chase & Co. (4.31%), FMR LLC (4.18%) and Dimensional Fund Advisors LP (4.08%). 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 Brown Advisory Inc., Windacre Partnership LLC, Bank of New York Mellon Corp, Deprince Race & Zollo Inc., Tributary Capital Management LLC, WBI Investments Inc., Neuberger Berman Group LLC and Beach Point Capital Management LP. 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, Gary Michael Vaughn, Jay M Grossman, Keith P Hopkins, Lisbeth Mcnabb and Timothy C Busch. 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 FMR LLC, Hound Partners LLC, Macquarie Group Ltd., 12th Street Asset Management Company LLC, Kavi Asset Management LP, Dalton Greiner Hartman Maher & Co., Allianz Asset Management GmbH and Waratah Capital Advisors Ltd.. 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 $78.99.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $3.66 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:  350 (Vote Outperform)
Underperform Votes:  243 (Vote Underperform)
Total Votes:  593
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 11/18/2018 by MarketBeat.com Staff

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