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NASDAQ:NXSTNexstar Media Group Stock Price, Forecast & News

$82.10
-3.14 (-3.68 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$80.25
Now: $82.10
$86.42
50-Day Range
$56.80
MA: $69.24
$85.24
52-Week Range
$43.37
Now: $82.10
$133.25
Volume392,381 shs
Average Volume632,331 shs
Market Capitalization$3.72 billion
P/E Ratio11.81
Dividend Yield2.63%
Beta1.83
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences. As of December 31, 2018, the company also provides sales, programming, and other services through various local service agreements to 38 power television stations owned and/or operated by independent third parties; owned, operated, programmed, or provided sales and other services to 174 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; and reaches 42.7 million television households. It affiliates of ABC, NBC, FOX, CBS, The CW, MNTV 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.9Dividend Strength: 4.2Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.61 out of 5 stars


Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.04 billion
Cash Flow$15.15 per share
Book Value$46.75 per share

Profitability

Net Income$230.26 million

Miscellaneous

Employees16,193
Market Cap$3.72 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

How has Nexstar Media Group's stock been impacted by COVID-19 (Coronavirus)?

Nexstar Media Group's stock was trading at $82.17 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NXST shares have decreased by 0.1% and is now trading at $82.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nexstar Media Group?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nexstar Media Group.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Nexstar Media Group.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group Inc (NASDAQ:NXST) announced its quarterly earnings results on Wednesday, May, 6th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.73 by $0.57. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Nexstar Media Group had a return on equity of 18.14% and a net margin of 9.48%. The company's revenue was up 74.2% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. View Nexstar Media Group's earnings history.

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 Monday, May 4th. Investors of record on Friday, May 15th will be paid a dividend of $0.56 per share on Friday, May 29th. This represents a $2.24 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 14th. View Nexstar Media Group's dividend history.

What price target have analysts set for NXST?

7 equities research analysts have issued 12 month target prices for Nexstar Media Group's stock. Their forecasts range from $88.00 to $150.00. On average, they anticipate Nexstar Media Group's share price to reach $117.86 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price. View analysts' price targets for Nexstar Media Group.

Has Nexstar Media Group been receiving favorable news coverage?

Media headlines about NXST stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nexstar Media Group earned a news sentiment score of 0.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutNexstar Media Group.

Are investors shorting Nexstar Media Group?

Nexstar Media Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,570,000 shares, an increase of 21.4% from the April 15th total of 2,940,000 shares. Based on an average daily volume of 810,300 shares, the days-to-cover ratio is currently 4.4 days. Approximately 8.1% of the company's shares are short sold. View Nexstar Media Group's Current Options Chain.

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

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).

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the following people:
  • Mr. Perry A. Sook, Chairman, Pres & CEO (Age 61)
  • Mr. Thomas E. Carter, Exec. VP & CFO (Age 61)
  • Mr. Timothy C. Busch, Pres of Nexstar Broadcasting Inc (Age 56)
  • Mr. Gregory R. Raifman, Pres of Nexstar Digital LLC (Age 59)
  • Mr. Brian Jones, Exec. VP & COO of Nexstar Broadcasting, Inc. (Age 59)

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 many different retail and institutional investors. Top institutional investors include Baupost Group LLC MA (4.61%), BlackRock Inc. (4.43%), JPMorgan Chase & Co. (3.65%), Capital World Investors (3.23%), Vaughan Nelson Investment Management L.P. (1.91%) and Waddell & Reed Financial Inc. (1.64%). Company insiders that own Nexstar Media Group stock include Andrew Alford, Blake Russell, Brett Jenkins, Brian Jones, Charles Thomas Mcmillen, Dennis Miller, Douglas Davis, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, Jay M Grossman, John R Muse, Keith P Hopkins, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Thomas Carter, Timothy C Busch and William Sally. 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 Capital World Investors, Vaughan Nelson Investment Management L.P., Wells Fargo & Company MN, ACT II Management LP, ClariVest Asset Management LLC, Los Angeles Capital Management & Equity Research Inc., Natixis Advisors L.P., and Oppenheimer Asset Management Inc.. Company insiders that have sold Nexstar Media Group company stock in the last year include Charles Thomas Mcmillen, Dennis Miller, Elizabeth Ryder, Gregory R Raifman, Perry A Sook, Thomas Carter, Timothy C Busch, and William Sally. View insider buying and selling activity for Nexstar Media Group.

Which institutional investors are buying Nexstar Media Group stock?

NXST stock was acquired by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Ruffer LLP, Channing Capital Management LLC, Copeland Capital Management LLC, TimesSquare Capital Management LLC, Invesco Ltd., HighTower Advisors LLC, and American Financial Group Inc.. Company insiders that have bought Nexstar Media Group stock in the last two years include Gary Weitman, and John R Muse. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Nexstar Media Group's stock price today?

One share of NXST stock can currently be purchased for approximately $82.10.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $3.72 billion and generates $3.04 billion in revenue each year. The company earns $230.26 million in net income (profit) each year or $5.04 on an earnings per share basis. Nexstar Media Group employs 16,193 workers across the globe.

What is Nexstar Media Group's official website?

The official website for Nexstar Media Group is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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