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NASDAQ:NXST

Nexstar Media Group - NXST Stock Forecast, Price & News

$195.84
+1.81 (+0.93%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$194.01
$196.47
50-Day Range
$159.70
$195.23
52-Week Range
$138.80
$197.22
Volume
263,573 shs
Average Volume
365,188 shs
Market Capitalization
$7.91 billion
P/E Ratio
9.05
Dividend Yield
1.86%
Price Target
$210.57

Nexstar Media Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.5% Upside
$210.57 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
0.94mentions of Nexstar Media Group in the last 14 days
Based on 6 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.

2.54 out of 5 stars

Consumer Discretionary Sector

92nd out of 366 stocks

Television Broadcasting Stations Industry

5th out of 20 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.

Nexstar Media Group Stock Performance

NASDAQ:NXST traded up $1.81 during mid-day trading on Monday, hitting $195.84. 263,573 shares of the company's stock traded hands, compared to its average volume of 365,188. The firm has a 50 day moving average of $172.71 and a two-hundred day moving average of $173.79. Nexstar Media Group has a 12 month low of $138.80 and a 12 month high of $197.22. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.74 and a beta of 1.50. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.47.

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

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $3.60 annualized dividend and a yield of 1.84%. Nexstar Media Group's payout ratio is 16.64%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXST. Rosenblatt Securities upped their price target on Nexstar Media Group to $181.00 and gave the company a "na" rating in a research report on Monday, May 16th. Guggenheim upped their target price on Nexstar Media Group from $210.00 to $220.00 in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft upped their target price on Nexstar Media Group from $216.00 to $225.00 in a research report on Thursday, May 12th. Finally, StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $210.57.

Insider Activity at Nexstar Media Group

In related news, insider Dana Zimmer sold 1,191 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $173.86, for a total transaction of $207,067.26. Following the completion of the sale, the insider now owns 4,661 shares in the company, valued at approximately $810,361.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Nexstar Media Group news, Director Dennis Miller sold 4,989 shares of the firm's stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $172.33, for a total value of $859,754.37. Following the completion of the sale, the director now owns 1,625 shares in the company, valued at approximately $280,036.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Zimmer sold 1,191 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $173.86, for a total value of $207,067.26. Following the completion of the sale, the insider now owns 4,661 shares of the company's stock, valued at approximately $810,361.46. The disclosure for this sale can be found here. Insiders sold a total of 12,960 shares of company stock worth $2,233,523 in the last 90 days. 5.00% of the stock is owned by company insiders.

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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
See More Headlines
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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
8/08/2022
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
$210.57
High Stock Price Forecast
$225.00
Low Stock Price Forecast
$181.00
Forecasted Upside/Downside
+7.5%
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
$35.48 per share
Book Value
$69.88 per share

Miscellaneous

Free Float
38,384,000
Market Cap
$7.91 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 equities 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 equities 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 research analysts have issued 1-year price targets for Nexstar Media Group's stock. Their NXST stock forecasts range from $181.00 to $225.00. On average, they anticipate the company's share price to reach $210.57 in the next twelve months. This suggests a possible upside of 7.7% 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 price performed in 2022?

Nexstar Media Group's stock was trading at $150.98 at the beginning of 2022. Since then, NXST stock has increased by 29.5% and is now trading at $195.58.
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) released its quarterly earnings results on Thursday, August, 4th. The company reported $5.56 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.10. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Nexstar Media Group had a trailing twelve-month return on equity of 32.55% and a net margin of 18.79%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business 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. Investors of record on Thursday, August 11th will be given a dividend of $0.90 per share on Thursday, August 25th. This represents a $3.60 annualized dividend and a dividend yield of 1.84%. 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 1.86%. 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 many different institutional and retail investors. Top institutional investors 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 $195.58.

How much money does Nexstar Media Group make?

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $7.90 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 8/8/2022 by MarketBeat.com Staff

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