Nexstar Broadcasting Group Company Profile (NASDAQ:NXST)

About Nexstar Broadcasting Group (NASDAQ:NXST)

Nexstar Broadcasting Group logoNexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States. The Company's segments include Broadcasting and Other. The Company's broadcast segment includes television stations and related community-focused Websites that it owns, operates, programs or provides sales and other services to in various markets across the United States. The other activities of the Company include corporate functions, eliminations and other operations. As of December 31, 2016, it owned, operated, programmed or provided sales and other services to 104 full power television stations in 62 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, New York, Utah, Vermont, Virginia, West Virginia and Wisconsin, among others.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Television Broadcasting
  • Sub-Industry: Broadcasting
  • Symbol: NASDAQ:NXST
  • CUSIP: 65336K10
  • Web:
  • Market Cap: $2.83 billion
  • Outstanding Shares: 46,218,000
Average Prices:
  • 50 Day Moving Avg: $60.49
  • 200 Day Moving Avg: $62.01
  • 52 Week Range: $47.00 - $73.90
  • Trailing P/E Ratio: 25.20
  • Foreward P/E Ratio: 8.94
  • P/E Growth: 8.87
Sales & Book Value:
  • Annual Revenue: $1.75 billion
  • Price / Sales: 1.62
  • Book Value: $25.75 per share
  • Price / Book: 2.38
  • Annual Dividend: $1.20
  • Dividend Yield: 2.0%
  • EBITDA: $608.81 million
  • Net Margins: 5.44%
  • Return on Equity: 18.35%
  • Return on Assets: 2.62%
  • Debt-to-Equity Ratio: 3.64%
  • Current Ratio: 1.36%
  • Quick Ratio: 1.36%
  • Average Volume: 712,223 shs.
  • Beta: 2.22
  • Short Ratio: 10.53

Frequently Asked Questions for Nexstar Broadcasting Group (NASDAQ:NXST)

What is Nexstar Broadcasting Group's stock symbol?

Nexstar Broadcasting Group trades on the NASDAQ under the ticker symbol "NXST."

How often does Nexstar Broadcasting Group pay dividends? What is the dividend yield for Nexstar Broadcasting Group?

Nexstar Broadcasting Group announced a quarterly dividend on Friday, July 28th. Investors of record on Friday, August 11th will be paid a dividend of $0.30 per share on Friday, August 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, August 9th. View Nexstar Broadcasting Group's Dividend History.

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

Nexstar Broadcasting Group announced that its board has initiated a share repurchase program on Monday, June 12th 2017, which permits the company to repurchase $51,300,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

How were Nexstar Broadcasting Group's earnings last quarter?

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) released its earnings results on Tuesday, August, 8th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The company had revenue of $626.11 million for the quarter, compared to analysts' expectations of $608.23 million. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. Nexstar Broadcasting Group's revenue was up 139.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. View Nexstar Broadcasting Group's Earnings History.

When will Nexstar Broadcasting Group make its next earnings announcement?

Nexstar Broadcasting Group is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Nexstar Broadcasting Group.

Where is Nexstar Broadcasting Group's stock going? Where will Nexstar Broadcasting Group's stock price be in 2017?

8 equities research analysts have issued 12-month price targets for Nexstar Broadcasting Group's stock. Their predictions range from $70.00 to $90.00. On average, they anticipate Nexstar Broadcasting Group's share price to reach $81.88 in the next twelve months. View Analyst Ratings for Nexstar Broadcasting Group.

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

Who are Nexstar Broadcasting Group's key executives?

Nexstar Broadcasting Group's management team includes the folowing people:

  • Perry A. Sook, Chairman of the Board, President, Chief Executive Officer
  • Thomas E. Carter, Chief Financial Officer, Executive Vice President
  • Timothy C. Busch, President of Nexstar Broadcasting, Inc.
  • Gregory R. Raifman, President of Nexstar Digital LLC
  • Elizabeth Ryder, Executive Vice President, General Counsel and Secretary
  • Brian W. Jones, Executive Vice President, Chief Operating Officer of Nexstar Broadcasting, Inc.
  • Brett Jenkins, Senior Vice President, Chief Technology Officer
  • Douglas Davis, Senior Vice President and Regional Manager, Nexstar Broadcasting, Inc.
  • Keith P. Hopkins, Senior Vice President - Distribution
  • Diane Kniowski, Senior Vice President and Regional Manager of Nexstar Broadcasting, Inc.

Who owns Nexstar Broadcasting Group stock?

Nexstar Broadcasting Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (0.50%) and Strs Ohio (0.15%). Company insiders that own Nexstar Broadcasting Group stock include Blake Russell, Brian Jones, Dennis Miller, Elizabeth Ryder, John R Muse, Julie Pruett, Lisbeth Mcnabb, Perry A Sook, Thomas Carter and Thomas O'brien. View Institutional Ownership Trends for Nexstar Broadcasting Group.

Who sold Nexstar Broadcasting Group stock? Who is selling Nexstar Broadcasting Group stock?

Nexstar Broadcasting Group's stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC. Company insiders that have sold Nexstar Broadcasting Group stock in the last year include Brian Jones, Dennis Miller, Elizabeth Ryder, John R Muse, Julie Pruett, Lisbeth Mcnabb, Perry A Sook, Thomas Carter and Thomas O'brien. View Insider Buying and Selling for Nexstar Broadcasting Group.

Who bought Nexstar Broadcasting Group stock? Who is buying Nexstar Broadcasting Group stock?

Nexstar Broadcasting Group's stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio. View Insider Buying and Selling for Nexstar Broadcasting Group.

How do I buy Nexstar Broadcasting Group stock?

Shares of Nexstar Broadcasting Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nexstar Broadcasting Group's stock price today?

One share of Nexstar Broadcasting Group stock can currently be purchased for approximately $61.25.

MarketBeat Community Rating for Nexstar Broadcasting Group (NASDAQ NXST)
Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  229 (Vote Outperform)
Underperform Votes:  141 (Vote Underperform)
Total Votes:  370
MarketBeat's community ratings are surveys of what our community members think about Nexstar Broadcasting Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Nexstar Broadcasting Group (NASDAQ:NXST) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 8 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $81.88 (33.67% upside)
Consensus Price Target History for Nexstar Broadcasting Group (NASDAQ:NXST)
Price Target History for Nexstar Broadcasting Group (NASDAQ:NXST)
Analysts' Ratings History for Nexstar Broadcasting Group (NASDAQ:NXST)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Deutsche Bank AGInitiated CoverageBuy -> Buy$80.00N/AView Rating Details
10/18/2017GuggenheimInitiated CoverageBuy -> Buy$90.00N/AView Rating Details
9/21/2017Jefferies Group LLCReiterated RatingBuy$80.00LowView Rating Details
9/18/2017Royal Bank Of CanadaReiterated RatingBuy$81.00LowView Rating Details
7/14/2017Wells Fargo & CompanyReiterated RatingOutperform$85.00LowView Rating Details
3/1/2017Benchmark Co.Reiterated RatingBuy -> Buy$70.00 -> $89.00N/AView Rating Details
3/1/2017WedbushBoost Price TargetOutperform -> Outperform$75.00 -> $80.00N/AView Rating Details
11/14/2016Barrington ResearchBoost Price TargetOutperform$65.00 -> $70.00N/AView Rating Details
9/28/2016StephensSet Price TargetBuy$65.00N/AView Rating Details
5/20/2016Noble FinancialReiterated RatingBuy$63.00 -> $75.00N/AView Rating Details
1/28/2016GabelliUpgradeHold -> BuyN/AView Rating Details
(Data available from 10/23/2015 forward)


Earnings History for Nexstar Broadcasting Group (NASDAQ:NXST)
Earnings by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)
Earnings History by Quarter for Nexstar Broadcasting Group (NASDAQ NXST)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.89N/AView Earnings Details
8/8/2017Q2 2017$0.92$0.93$608.23 million$626.11 millionViewListenView Earnings Details
5/9/2017Q1 2017($0.27)$0.44$525.76 million$540.32 millionViewListenView Earnings Details
2/28/2017Q416$1.36$1.46$318.53 million$309.88 millionViewListenView Earnings Details
11/8/2016Q316$0.86$0.78$62.05 million$275.70 millionViewListenView Earnings Details
8/9/2016Q216$0.85$0.78$265.19 million$261.99 millionViewN/AView Earnings Details
5/3/2016Q116$0.67$0.69$251.59 million$255.66 millionViewN/AView Earnings Details
2/25/2016Q415$0.88$0.86$247.79 million$276.77 millionViewListenView Earnings Details
11/3/2015Q315$0.59$0.54$222.09 million$224.90 millionViewN/AView Earnings Details
8/6/2015Q215$0.49$0.63$215.54 million$221.32 millionViewN/AView Earnings Details
5/7/2015Q115$0.35$0.40$193.90 million$203.39 millionViewN/AView Earnings Details
2/26/2015Q414$0.83$0.96$186.20 million$192.80 millionViewN/AView Earnings Details
11/7/2014Q314$0.51$0.48$155.90 million$157.70 millionViewN/AView Earnings Details
8/7/2014Q214$0.32$0.34$144.12 million$143.90 millionViewN/AView Earnings Details
5/8/2014Q114$0.34$0.40$132.20 million$72.20 millionViewN/AView Earnings Details
2/26/2014Q413$0.37($0.41)$137.84 million$138.12 millionViewN/AView Earnings Details
11/5/2013Q313$0.22$0.11$121.65 million$125.79 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.29$0.20$123.09 million$126.20 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.12$0.02$109.81 million$112.21 millionViewN/AView Earnings Details
11/6/2012Q312$0.23$0.31$92.40 million$89.46 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Nexstar Broadcasting Group (NASDAQ:NXST)
2017 EPS Consensus Estimate: $3.20
2018 EPS Consensus Estimate: $6.81
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($1.27)$0.61($0.30)
Q2 20173$0.92$1.01$0.97
Q3 20173$0.88$1.08$0.96
Q4 20173$1.13$2.19$1.57
Q1 20182$1.22$1.31$1.27
Q2 20182$1.42$1.71$1.57
Q3 20182$1.31$1.47$1.39
Q4 20182$2.32$2.86$2.59
(Data provided by Zacks Investment Research)


Current Dividend Information for Nexstar Broadcasting Group (NASDAQ:NXST)
Most Recent Dividend:8/25/2017
Annual Dividend:$1.20
Dividend Yield:1.96%
Payout Ratio:48.78% (Trailing 12 Months of Earnings)
35.40% (Based on This Year's Estimates)
17.52% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)

Dividend History by Quarter for Nexstar Broadcasting Group (NASDAQ NXST)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Nexstar Broadcasting Group (NASDAQ:NXST)
Insider Ownership Percentage: 7.80%
Insider Trades by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)
Institutional Ownership by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)
Insider Trades by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/28/2017John R. MuseDirectorSell641,240$60.10$38,538,524.00View SEC Filing  
9/22/2017John R MuseDirectorSell229,267$59.50$13,641,386.50View SEC Filing  
9/21/2017John R MuseDirectorSell82,880$59.65$4,943,792.00View SEC Filing  
9/20/2017John R MuseDirectorSell193$60.33$11,643.69View SEC Filing  
9/20/2017Julie PruettInsiderSell3,000$60.01$180,030.00View SEC Filing  
9/19/2017John R MuseDirectorSell8,473$60.03$508,634.19View SEC Filing  
9/18/2017John R MuseDirectorSell4$60.02$240.08View SEC Filing  
8/11/2017Dennis MillerDirectorSell4,500$63.49$285,705.00View SEC Filing  
8/11/2017Thomas CarterCFOSell3,125$63.50$198,437.50View SEC Filing  
4/27/2017John R MuseDirectorSell38,631$70.10$2,708,033.10View SEC Filing  
4/24/2017John R MuseDirectorSell300$70.03$21,009.00View SEC Filing  
4/20/2017John R MuseDirectorSell700$70.01$49,007.00View SEC Filing  
4/3/2017John R MuseDirectorSell5,516$70.06$386,450.96View SEC Filing  
3/24/2017Elizabeth RyderEVPSell1,000$70.00$70,000.00View SEC Filing  
3/6/2017Thomas O'brienEVPSell10,000$72.31$723,100.00View SEC Filing  
3/3/2017Perry A SookCEOSell10,833$70.64$765,243.12View SEC Filing  
1/15/2017Perry A SookCEOSell10,725$62.26$667,738.50View SEC Filing  
12/23/2016Julie PruettSVPSell7,000$63.23$442,610.00View SEC Filing  
12/22/2016Thomas O'brienEVPSell3,699$63.50$234,886.50View SEC Filing  
12/14/2016Brian JonesCOOSell12,841$63.65$817,329.65View SEC Filing  
12/14/2016Thomas O'brienEVPSell5,801$64.01$371,322.01View SEC Filing  
11/14/2016Lisbeth McnabbDirectorSell950$60.60$57,570.00View SEC Filing  
8/12/2016Blake RussellSVPSell10,000$52.38$523,800.00View SEC Filing  
8/11/2016Thomas CarterCFOSell1,236$51.52$63,678.72View SEC Filing  
2/29/2016Thomas CarterCFOBuy1,000$44.55$44,550.00View SEC Filing  
12/8/2015Blake RussellSVPSell7,000$57.80$404,600.00View SEC Filing  
9/25/2015Julie PruettSVPSell4,710$44.77$210,866.70View SEC Filing  
6/25/2015Perry A SookCEOSell174,930$56.99$9,969,260.70View SEC Filing  
6/25/2015Timothy C BuschCOOSell17,500$57.27$1,002,225.00View SEC Filing  
6/23/2015Perry A SookCEOSell72,677$57.27$4,162,211.79View SEC Filing  
6/23/2015Timothy C BuschCOOSell15,000$57.15$857,250.00View SEC Filing  
6/22/2015Lisbeth McnabbDirectorSell500$57.25$28,625.00View SEC Filing  
6/22/2015Timothy C BuschCOOSell5,000$57.25$286,250.00View SEC Filing  
6/19/2015Perry A SookCEOSell20,029$57.30$1,147,661.70View SEC Filing  
6/15/2015Lisbeth McnabbDirectorSell750$57.00$42,750.00View SEC Filing  
6/3/2015Timothy C BuschCOOSell5,000$58.03$290,150.00View SEC Filing  
3/23/2015Perry A SookCEOSell10,781$57.56$620,554.36View SEC Filing  
3/18/2015Brian JonesCOOSell6,159$58.00$357,222.00View SEC Filing  
3/18/2015Perry A SookCEOSell8,719$58.00$505,702.00View SEC Filing  
3/17/2015Perry A SookCEOSell12,864$58.00$746,112.00View SEC Filing  
3/16/2015Perry A SookCEOSell5,362$58.00$310,996.00View SEC Filing  
3/16/2015Timothy C BuschCOOSell10,000$56.99$569,900.00View SEC Filing  
3/6/2015Timothy C BuschCOOSell13,000$56.03$728,390.00View SEC Filing  
3/4/2015Blake RussellSVPSell3,000$55.51$166,530.00View SEC Filing  
3/4/2015Timothy C BuschCOOSell7,000$55.48$388,360.00View SEC Filing  
3/3/2015Dennis MillerDirectorBuy4,500$54.89$247,005.00View SEC Filing  
12/26/2014Perry A SookCEOSell73,421$52.52$3,856,070.92View SEC Filing  
12/26/2014Timothy C BuschCOOSell14,000$52.78$738,920.00View SEC Filing  
12/23/2014Perry A SookCEOSell26,579$52.51$1,395,663.29View SEC Filing  
12/23/2014Thomas CarterCFOSell5,000$52.39$261,950.00View SEC Filing  
12/23/2014Timothy C BuschCOOSell6,000$52.48$314,880.00View SEC Filing  
12/22/2014Timothy C BuschCOOSell15,000$51.82$777,300.00View SEC Filing  
11/25/2014Perry A SookCEOSell76,859$50.61$3,889,833.99View SEC Filing  
11/25/2014Timothy C BuschVPSell18,769$50.54$948,585.26View SEC Filing  
11/24/2014Thomas CarterCFOSell25,000$50.20$1,255,000.00View SEC Filing  
11/17/2014Lisbeth McnabbDirectorSell400$47.69$19,076.00View SEC Filing  
9/24/2014Lisbeth McnabbDirectorSell750$41.00$30,750.00View SEC Filing  
9/19/2014Lisbeth McnabbDirectorSell500$44.50$22,250.00View SEC Filing  
6/25/2014Brian JonesCOOSell30,000$49.01$1,470,300.00View SEC Filing  
6/25/2014Julie PruettSVPSell5,000$49.18$245,900.00View SEC Filing  
6/25/2014Lisbeth McnabbDirectorSell1,250$46.00$57,500.00View SEC Filing  
6/25/2014Perry A SookCEOSell223,141$48.92$10,916,057.72View SEC Filing  
3/26/2014Lisbeth McnabbDirectorSell2,500$35.31$88,275.00View SEC Filing  
3/14/2014Martin PompadurDirectorSell3,730$36.26$135,249.80View SEC Filing  
12/23/2013Thomas CarterCFOSell5,000$52.87$264,350.00View SEC Filing  
12/16/2013Brian JonesCOOSell25,000$52.01$1,300,250.00View SEC Filing  
11/21/2013Thomas CarterCFOSell20,000$47.29$945,800.00View SEC Filing  
9/23/2013Timothy BuschCOOSell20,000$38.48$769,600.00View SEC Filing  
9/20/2013Perry SookCEOSell300,000$38.29$11,487,000.00View SEC Filing  
9/19/2013D Geoffrey ArmstrongDirectorSell50,000$37.74$1,887,000.00View SEC Filing  
9/19/2013Rick RogalaSVPSell4,000$37.60$150,400.00View SEC Filing  
9/17/2013Brian JonesCOOSell20,000$36.01$720,200.00View SEC Filing  
6/26/2013Perry A SookCEOSell225,000$34.02$7,654,500.00View SEC Filing  
6/25/2013Perry A SookCEOSell65,000$34.00$2,210,000.00View SEC Filing  
6/24/2013Brian JonesCOOSell30,000$33.00$990,000.00View SEC Filing  
6/24/2013Martin PompadurDirectorSell53,000$33.01$1,749,530.00View SEC Filing  
6/20/2013Jay M GrossmanDirectorSell5,000$33.50$167,500.00View SEC Filing  
6/19/2013Perry A SookCEOSell10,000$34.01$340,100.00View SEC Filing  
6/19/2013Timothy C BuschCOOSell50,000$32.70$1,635,000.00View SEC Filing  
6/17/2013Lisbeth McnabbDirectorSell15,000$30.79$461,850.00View SEC Filing  
6/13/2013Jay M GrossmanDirectorSell15,000$29.80$447,000.00View SEC Filing  
6/7/2013Jay M GrossmanDirectorSell15,000$28.79$431,850.00View SEC Filing  
5/31/2013Elizabeth HammondVPSell5,000$28.50$142,500.00View SEC Filing  
5/14/2013Blake RussellSVPSell30,000$29.07$872,100.00View SEC Filing  
5/14/2013Jay M GrossmanDirectorSell15,000$29.22$438,300.00View SEC Filing  
5/13/2013Erik BrooksDirectorSell27,492$28.69$788,745.48View SEC Filing  
3/22/2013Richard StolpeVPSell13,000$17.08$222,040.00View SEC Filing  
2/15/2013Abry Broadcast Partners Ii L PMajor ShareholderSell194,763$13.75$2,677,991.25View SEC Filing  
2/15/2013Royce YudroffDirectorSell450,000$13.75$6,187,500.00View SEC Filing  
12/28/2012Shirley E GreenVPSell1,000$10.65$10,650.00View SEC Filing  
8/22/2012Thomas CarterCFOBuy1,000$8.20$8,200.00View SEC Filing  
8/21/2012Shirley E GreenVPSell10,500$8.54$89,670.00View SEC Filing  
8/16/2012Thomas CarterCFOBuy1,500$8.64$12,960.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Nexstar Broadcasting Group (NASDAQ:NXST)
Latest Headlines for Nexstar Broadcasting Group (NASDAQ:NXST)
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Nexstar Broadcasting Group (NXST) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by Staff

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