NASDAQ:NXST

Nexstar Media Group Stock Forecast, Price & News

$153.56
+2.18 (+1.44 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$151.02
Now: $153.56
$154.66
50-Day Range
$131.02
MA: $147.58
$160.37
52-Week Range
$55.69
Now: $153.56
$163.62
Volume511,363 shs
Average Volume503,054 shs
Market Capitalization$6.66 billion
P/E Ratio12.94
Dividend Yield1.88%
Beta1.92
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 logo

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800
Employees11,086
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.04 billion
Cash Flow$21.78 per share
Book Value$44.51 per share

Profitability

Net Income$230.26 million

Miscellaneous

Market Cap$6.66 billion
Next Earnings Date5/4/2021 (Confirmed)
OptionableOptionable

Headlines

3 Value Stocks with Room to Run (NXST)
March 18, 2021 |  marketbeat.com
Nexstar Media Group Stock Appears To Be Fairly Valued
March 26, 2021 |  finance.yahoo.com
Is NXST Stock A Buy or Sell?
March 23, 2021 |  finance.yahoo.com
6 Buy-Ranked Stocks With Impressive Net Profit Margins
March 18, 2021 |  finance.yahoo.com
Recap: Nexstar Media Group Q4 Earnings
February 23, 2021 |  benzinga.com
See More Headlines

MarketRank

Overall MarketRank

1.88 out of 5 stars

Consumer Discretionary Sector

42nd out of 571 stocks

Television Broadcasting Stations Industry

6th out of 28 stocks

Analyst Opinion: 1.5Community Rank: 2.9Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
$153.56
+2.18 (+1.44 %)
(As of 04/16/2021 04:00 PM ET)
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Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

Is Nexstar Media Group a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Nexstar Media Group stock.
View analyst ratings for Nexstar Media Group
or view top-rated stocks.

What stocks does MarketBeat like better than Nexstar Media Group?

Wall Street analysts have given Nexstar Media Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nexstar Media Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Nexstar Media Group?

Nexstar Media Group saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 2,170,000 shares, a decline of 14.9% from the February 28th total of 2,550,000 shares. Based on an average daily volume of 484,100 shares, the short-interest ratio is currently 4.5 days. Currently, 5.2% of the shares of the stock are short sold.
View Nexstar Media Group's Short Interest
.

When is Nexstar Media Group's next earnings date?

Nexstar Media Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Nexstar Media Group
.

How can I listen to Nexstar Media Group's earnings call?

Nexstar Media Group will be holding an earnings conference call on Tuesday, May 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) announced its quarterly earnings results on Monday, February, 22nd. The company reported $7.97 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $7.11 by $0.86. The business earned $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Nexstar Media Group had a trailing twelve-month return on equity of 25.99% and a net margin of 13.27%. The business's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.36 earnings per share.
View Nexstar Media Group's earnings history
.

How has Nexstar Media Group's stock price been impacted by COVID-19?

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. Since then, NXST shares have increased by 86.9% and is now trading at $153.56.
View which stocks have been most impacted by COVID-19
.

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, January 28th. Investors of record on Friday, February 12th will be given a dividend of $0.70 per share on Friday, February 26th. This represents a $2.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, February 11th. This is an increase from Nexstar Media Group's previous quarterly dividend of $0.56.
View Nexstar Media Group's dividend history
.

Is Nexstar Media Group a good dividend stock?

Nexstar Media Group pays an annual dividend of $2.80 per share and currently has a dividend yield of 1.88%. Nexstar Media Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Nexstar Media Group is 55.56%. 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 21.23% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.
View Nexstar Media Group's dividend history.

What price target have analysts set for NXST?

6 analysts have issued 1 year price targets for Nexstar Media Group's shares. Their forecasts range from $115.00 to $170.00. On average, they expect Nexstar Media Group's stock price to reach $136.50 in the next twelve months. This suggests that the stock has a possible downside of 11.1%.
View analysts' price targets for Nexstar Media Group
or view top-rated stocks among Wall Street analysts.

Who are Nexstar Media Group's key executives?

Nexstar Media Group's management team includes the following people:
  • Mr. Perry A. Sook, Founder, Chairman & CEO (Age 63, Pay $4.88M)
  • Mr. Thomas E. Carter, Pres, COO & CFO (Age 63, Pay $2.02M)
  • Mr. Timothy C. Busch, Pres of Broadcasting (Age 58, Pay $1.74M)
  • Mr. Brett E. Jenkins, Exec. VP & CTO (Age 51)
  • Ms. Elizabeth Ryder J.D., Exec. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Gary Weitman, Exec. VP & Chief Communications Officer (Age 64)
  • Ms. Terri Lynn Bush, Sr. VP of HR & Associate Counsel
  • Mr. Blake Russell, Exec. VP of Station Operations (Age 50)
  • Ms. Julie Pruett, Sr. VP & Regional Mang. of Broadcasting (Age 59)
  • Mr. William Sally, Exec. VP of Sales - Nexstar Inc. (Age 63)

What is Perry A. Sook's approval rating as Nexstar Media Group's CEO?

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.

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).

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 Wedge Capital Management L L P NC (0.68%), Pacer Advisors Inc. (0.03%), Townsend & Associates Inc (0.02%), Dalton Greiner Hartman Maher & Co. (0.02%), AdvisorNet Financial Inc (0.01%) and Genesee Capital Advisors LLC (0.01%). Company insiders that own Nexstar Media Group stock include Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, John R Muse, 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
.

Which major investors are selling Nexstar Media Group stock?

NXST stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Genesee Capital Advisors LLC, First Hawaiian Bank, and State of Alaska Department of Revenue. Company insiders that have sold Nexstar Media Group company stock in the last year include Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Lisbeth Mcnabb, Martin Pompadur, Perry A Sook, Sean Compton, Thomas Carter, and Timothy C Busch.
View insider buying and selling activity for Nexstar Media Group
or view top insider-selling stocks.

Which major investors are buying Nexstar Media Group stock?

NXST stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Pacer Advisors Inc., Townsend & Associates Inc, AdvisorNet Financial Inc, and NEXT 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
or or view top insider-buying stocks.

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 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 $153.56.

How much money does Nexstar Media Group make?

Nexstar Media Group has a market capitalization of $6.66 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.

How many employees does Nexstar Media Group have?

Nexstar Media Group employs 11,086 workers across the globe.

What is Nexstar Media Group's official website?

The official website for Nexstar Media Group is www.nexstar.tv.

Where are Nexstar Media Group's headquarters?

Nexstar Media Group is headquartered at 545 EAST JOHN CARPENTER FREEWAY SUITE 700, IRVING TX, 75062.

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 4/18/2021 by MarketBeat.com Staff
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