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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
NASDAQ:NXST

Nexstar Media Group - NXST Stock Forecast, Price & News

$196.25
+0.41 (+0.21%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$193.51
$196.98
50-Day Range
$159.70
$196.25
52-Week Range
$138.80
$197.22
Volume
270,431 shs
Average Volume
364,565 shs
Market Capitalization
$7.93 billion
P/E Ratio
9.07
Dividend Yield
1.84%
Price Target
$210.57

Nexstar Media Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.1% Upside
$214.14 Price Target
Short Interest
Healthy
4.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.65mentions of Nexstar Media Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$2.23 M Sold Last Quarter
Proj. Earnings Growth
-16.36%
From $26.40 to $22.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Consumer Discretionary Sector

95th out of 287 stocks

Television Broadcasting Stations Industry

5th out of 15 stocks

NXST stock logo

About Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NXST shares. Barrington Research boosted their price target on Nexstar Media Group to $240.00 in a report on Tuesday. Guggenheim boosted their price target on Nexstar Media Group from $210.00 to $220.00 in a report on Wednesday, May 11th. Rosenblatt Securities boosted their price target on Nexstar Media Group to $181.00 and gave the company a "na" rating in a report on Monday, May 16th. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Nexstar Media Group from $216.00 to $225.00 in a report on Thursday, May 12th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $214.14.

Nexstar Media Group Stock Performance

Shares of NASDAQ:NXST opened at $196.25 on Wednesday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.50. Nexstar Media Group has a 52 week low of $138.80 and a 52 week high of $197.22. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 2.47. The firm has a 50 day moving average of $173.52 and a 200 day moving average of $174.21.

Nexstar Media Group (NASDAQ:NXST - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $5.56 EPS for the quarter, topping analysts' consensus estimates of $5.46 by $0.10. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a net margin of 18.79% and a return on equity of 32.55%. Nexstar Media Group's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.51 earnings per share. On average, sell-side analysts predict that Nexstar Media Group will post 26.4 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, August 10th. Nexstar Media Group's payout ratio is 16.64%.

Insider Activity at Nexstar Media Group

In related news, insider Dana Zimmer sold 2,869 shares of the company's stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $175.97, for a total value of $504,857.93. Following the transaction, the insider now directly owns 1,792 shares of the company's stock, valued at approximately $315,338.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Nexstar Media Group news, insider Dana Zimmer sold 2,869 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $175.97, for a total value of $504,857.93. Following the sale, the insider now directly owns 1,792 shares of the company's stock, valued at $315,338.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Blake Russell sold 709 shares of the company's stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $173.86, for a total transaction of $123,266.74. Following the completion of the sale, the executive vice president now directly owns 29,557 shares in the company, valued at $5,138,780.02. The disclosure for this sale can be found here. Insiders have sold a total of 12,960 shares of company stock valued at $2,233,523 in the last ninety days. Company insiders own 5.00% of the company's stock.

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NXST Stock News Headlines

Nexstar Media Extends CEO Perry's Employment Agreement
Chris Cuomo Gets New TV-Host Gig With NewsNation
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NXST Company Calendar

Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
8/04/2022
Today
8/10/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:NXST
CUSIP
65336K10
Employees
12,473
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$214.14
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$181.00
Forecasted Upside/Downside
+7.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$834.57 million
Pretax Margin
23.99%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$35.55 per share
Book Value
$69.88 per share

Miscellaneous

Free Float
38,384,000
Market Cap
$7.93 billion
Optionable
Optionable
Beta
1.50














NXST Stock - Frequently Asked Questions

Should I buy or sell Nexstar Media Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NXST shares.
View NXST analyst ratings
or view top-rated stocks.

What is Nexstar Media Group's stock price forecast for 2022?

4 Wall Street analysts have issued 1-year price targets for Nexstar Media Group's shares. Their NXST share price forecasts range from $181.00 to $240.00. On average, they predict the company's stock price to reach $214.14 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
View analysts price targets for NXST
or view top-rated stocks among Wall Street analysts.

How has Nexstar Media Group's stock performed in 2022?

Nexstar Media Group's stock was trading at $150.98 on January 1st, 2022. Since then, NXST shares have increased by 30.0% and is now trading at $196.25.
View the best growth stocks for 2022 here
.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our NXST earnings forecast
.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) posted its quarterly earnings data on Thursday, August, 4th. The company reported $5.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.46 by $0.10. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a net margin of 18.79% and a trailing twelve-month return on equity of 32.55%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.51 earnings per share.

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 Thursday, July 28th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.90 per share on Thursday, August 25th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for NXST
.

Is Nexstar Media Group a good dividend stock?

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 1.84%. 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 16.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 16.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXST.

What is Perry A. Sook's approval rating as Nexstar Media Group's CEO?

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.

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), AutoZone (AZO), Micron Technology (MU) and Bank of the Ozarks (OZRK).

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 a variety of retail and institutional investors. Top institutional shareholders include Brown Advisory Inc. (1.26%), Vaughan Nelson Investment Management L.P. (1.08%), Copeland Capital Management LLC (0.94%), Strs Ohio (0.67%), Wedge Capital Management L L P NC (0.61%) and Private Management Group Inc. (0.57%). 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.
View institutional ownership trends
.

How do I buy shares of Nexstar Media Group?

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.
Compare Top Brokerages Here.

What is Nexstar Media Group's stock price today?

One share of NXST stock can currently be purchased for approximately $196.25.

How much money does Nexstar Media Group make?

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $7.93 billion and generates $4.65 billion in revenue each year. The company earns $834.57 million in net income (profit) each year or $21.64 on an earnings per share basis.

How many employees does Nexstar Media Group have?

Nexstar Media Group employs 12,473 workers across the globe.

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 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.

This page (NASDAQ:NXST) was last updated on 8/10/2022 by MarketBeat.com Staff

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