NASDAQ:NXST - Nexstar Media Group Stock Price, Price Target & More

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$76.85 +1.00 (+1.32 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$75.85
Today's Range$75.05 - $77.05
52-Week Range$56.65 - $89.75
Volume617,200 shs
Average Volume654,529 shs
Market Capitalization$3.51 billion
P/E Ratio19.31
Dividend Yield1.95%
Beta1.85
Nexstar Media Group logoNexstar 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
SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800

Debt

Debt-to-Equity Ratio2.68
Current Ratio1.46
Quick Ratio1.46

Price-To-Earnings

Trailing P/E Ratio19.31
Forward P/E Ratio9.46
P/E Growth1.58

Sales & Book Value

Annual Sales$2.43 billion
Price / Sales1.45
Cash Flow$11.8779 per share
Price / Cash6.47
Book Value$34.70 per share
Price / Book2.21

Profitability

EPS (Most Recent Fiscal Year)$3.98
Net Income$474.99 million
Net Margins20.63%
Return on Equity15.56%
Return on Assets2.89%

Miscellaneous

Employees9,113
Outstanding Shares45,730,000
Market Cap$3,514.70

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, April 27th. Investors of record on Friday, May 11th will be given a dividend of $0.375 per share on Friday, May 25th. This represents a $1.50 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, May 10th. 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 approved a share buyback plan on Monday, June 12th 2017, which allows the company to repurchase $51,300,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its stock is undervalued.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) announced its earnings results on Wednesday, May, 9th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.12 by $0.11. The company had revenue of $615.34 million for the quarter, compared to analyst estimates of $612.37 million. Nexstar Media Group had a return on equity of 15.56% and a net margin of 20.63%. Nexstar Media Group's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.13 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 Wednesday, August, 8th 2018. View Earnings Estimates for Nexstar Media Group.

What price target have analysts set for NXST?

10 equities research analysts have issued twelve-month price objectives for Nexstar Media Group's stock. Their predictions range from $79.00 to $102.00. On average, they expect Nexstar Media Group's stock price to reach $89.5556 in the next year. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Ratings 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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. 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)
  • 2. 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. " (2/21/2018)

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, CFO & Exec. VP (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)

Has Nexstar Media Group been receiving favorable news coverage?

Media coverage about NXST stock has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexstar Media Group earned a coverage optimism score of 0.15 on Accern's scale. They also assigned media stories about the company an impact score of 46.04 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

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 investors include Deprince Race & Zollo Inc. (1.47%), Dalton Greiner Hartman Maher & Co. (0.81%), Boston Advisors LLC (0.17%), American National Bank (0.10%), Sit Investment Associates Inc. (0.10%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own Nexstar Media Group stock include Anthony Katsur, Blake Russell, Brian Jones, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Michael Vaughn, John R Muse, Julie Pruett, Lisbeth Mcnabb, Perry A Sook, Thomas Carter, Thomas O'brien and Timothy C Busch. View Institutional Ownership Trends for Nexstar Media Group.

Which institutional investors are selling Nexstar Media Group stock?

NXST stock was sold by a variety of institutional investors in the last quarter, including American National Bank. Company insiders that have sold Nexstar Media Group company stock in the last year include Anthony Katsur, Blake Russell, Brian Jones, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Michael Vaughn, John R Muse, Julie Pruett, Lisbeth Mcnabb, Perry A Sook, Thomas Carter and Timothy C Busch. View Insider Buying and Selling for Nexstar Media Group.

Which institutional investors are buying Nexstar Media Group stock?

NXST stock was bought by a variety of institutional investors in the last quarter, including Boston Advisors LLC, Dalton Greiner Hartman Maher & Co., Deprince Race & Zollo Inc., Creative Planning, Fortaleza Asset Management Inc., Xact Kapitalforvaltning AB, Amalgamated Bank and Sit Investment Associates Inc.. 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 $76.85.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $3.51 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.

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:  2.9 out of 5 (star star)
Outperform Votes:  300 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  518
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 7/21/2018 by MarketBeat.com Staff

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