Nexstar Media Group Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Nexstar Media Group stock.
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4 Wall Street research analysts have issued 12-month price targets for Nexstar Media Group's shares. Their NXST stock forecasts range from $181.00 to $225.00. On average, they anticipate Nexstar Media Group's stock price to reach $210.57 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
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Nexstar Media Group's stock was trading at $150.98 at the start of the year. Since then, NXST stock has increased by 8.9% and is now trading at $164.35.
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Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Nexstar Media Group, Inc. (NASDAQ:NXST) issued its quarterly earnings results on Tuesday, May, 10th. The company reported $5.99 earnings per share for the quarter, topping the consensus estimate of $4.33 by $1.66. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Nexstar Media Group had a trailing twelve-month return on equity of 32.08% and a net margin of 18.66%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.42 earnings per share.
View Nexstar Media Group's earnings history.

Nexstar Media Group announced a quarterly dividend on Friday, April 29th. Investors of record on Friday, May 13th will be paid a dividend of $0.90 per share on Friday, May 27th. This represents a $3.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 12th.
View Nexstar Media Group's dividend history.

Nexstar Media Group(NASDAQ:NXST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.24%. Nexstar Media Group 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 of Nexstar Media Group is 17.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 16.50% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.
View Nexstar Media Group's dividend history.

173 employees have rated Nexstar Media Group CEO Perry A. Sook on Glassdoor.com. Perry A. Sook has an approval rating of 46% among Nexstar Media Group's employees. This puts Perry A. Sook in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Nexstar Media Group include Formula One Group (FWONA), Sinclair Broadcast Group (SBGI), Entravision Communications (EVC), Salem Media Group (SALM) and Beasley Broadcast Group (BBGI).
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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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.98%), Neuberger Berman Group LLC (5.05%), BlackRock Inc. (4.24%), Dimensional Fund Advisors LP (4.12%), Boston Partners (3.17%) and Baupost Group LLC MA (2.84%). Company insiders that own Nexstar Media Group 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 for Nexstar Media Group.

NXST stock was sold by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Clark Capital Management Group Inc., Invesco Ltd., JPMorgan Chase & Co., Tributary Capital Management LLC, Dimensional Fund Advisors LP, Charles Schwab Investment Management Inc., and Brown Advisory Inc.. Company insiders that have sold Nexstar Media Group company stock in the last two years include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, 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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NXST stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Provident Investment Management Inc., Boston Financial Mangement LLC, Scion Asset Management LLC, Kempen Capital Management N.V., Pacer Advisors Inc., Simcoe Capital Management LLC, and Goldman Sachs Group Inc..
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Shares of NXST 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 $164.35.

Nexstar Media Group (NASDAQ:NXST) has a market capitalization of $6.64 billion and generates $4.65 billion in revenue each year. The company earns $834.57 million in net income (profit) each year or $20.59 on an earnings per share basis.

Nexstar Media Group employs 12,473 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 Nexstar Media Group is www.nexstar.tv. The company can be reached via phone at (972) 373-8800, via email at [email protected], or via fax at 972-373-8888.