Nexstar Media Group - NXST Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NXST shares.
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4 analysts have issued 12 month price targets for Nexstar Media Group's shares. Their NXST share price forecasts range from $175.00 to $237.00. On average, they expect the company's share price to reach $222.00 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
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Nexstar Media Group's stock was trading at $175.03 at the beginning of the year. Since then, NXST stock has decreased by 7.8% and is now trading at $161.46.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Nexstar Media Group, Inc. (NASDAQ:NXST) posted its quarterly earnings results on Tuesday, November, 2nd. The company reported $4.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.82 by $0.23. The company earned $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Nexstar Media Group had a net margin of 18.64% and a trailing twelve-month return on equity of 37.40%. During the same period in the previous year, the business posted $4.08 earnings per share.

Nexstar Media Group declared a quarterly dividend on Friday, January 27th. Stockholders of record on Friday, February 10th will be paid a dividend of $1.35 per share on Friday, February 24th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for NXST.

ETFs with the largest weight of Nexstar Media Group (NASDAQ:NXST) stock in their portfolio include Aztlan Global Stock Selection DM SMID ETF (AZTD), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Dynamic Media ETF (PBS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and iShares Focused Value Factor ETF (FOVL).

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $5.40 per share and currently has a dividend yield of 3.39%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 18.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXST.

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.

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).

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

Nexstar Media Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Boston Partners (4.86%), Neuberger Berman Group LLC (4.49%), Dimensional Fund Advisors LP (4.04%), LSV Asset Management (3.47%), Cardinal Capital Management LLC CT (2.50%) and Morgan Stanley (2.41%). 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 and Timothy C Busch.
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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.
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One share of NXST stock can currently be purchased for approximately $161.46.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $5.94 billion and generates $5.21 billion in revenue each year. The company earns $971.10 million in net income (profit) each year or $24.15 on an earnings per share basis.

The company employs 12,971 workers across the globe.

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.