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NASDAQ:NXST

Nexstar Media Group Stock Forecast, Price & News

$91.05
+3.41 (+3.89 %)
(As of 10/22/2020 03:59 PM ET)
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Compare
Today's Range
$89.68
Now: $91.05
$92.10
50-Day Range
$86.78
MA: $93.64
$102.03
52-Week Range
$43.37
Now: $91.05
$133.25
Volume16,180 shs
Average Volume573,087 shs
Market Capitalization$4.12 billion
P/E Ratio11.89
Dividend Yield2.58%
Beta1.81
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, 2019, the company provided sales, programming, and other services through various local service agreements to 36 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 197 television stations in 115 markets in the states of Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin. It also offers digital publishing and content management platform, digital video advertising platform, social media advertising platform, and other digital media solutions to media publishers and advertisers, as well as owns WGN America, a national general entertainment cable network. The company 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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Nexstar Media Group logo

Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

2.28 out of 5 stars

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryBroadcasting
Current SymbolNASDAQ:NXST
CUSIP65336K10
Phone972-373-8800
Employees16,193

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.04 billion
Cash Flow$16.26 per share
Book Value$44.51 per share

Profitability

Net Income$230.26 million

Miscellaneous

Market Cap$4.12 billion
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$91.05
+3.41 (+3.89 %)
(As of 10/22/2020 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Nexstar Media Group (NASDAQ:NXST) Frequently Asked Questions

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

Nexstar Media Group's stock was trading at $82.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NXST shares have increased by 10.8% and is now trading at $91.05.
View which stocks have been most impacted by COVID-19
.

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

6 Wall Street 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, 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 Thursday, November 5th 2020.
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 Thursday, November 5th 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) released its earnings results on Wednesday, August, 5th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.85. The company earned $914.63 million during the quarter, compared to analyst estimates of $906.25 million. Nexstar Media Group had a net margin of 9.65% and a return on equity of 19.13%. Nexstar Media Group's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 earnings per share.
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 announced a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, August 7th will be given a dividend of $0.56 per share on Friday, August 21st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 6th.
View Nexstar Media Group's dividend history
.

What price target have analysts set for NXST?

6 analysts have issued 1-year price objectives for Nexstar Media Group's shares. Their forecasts range from $91.00 to $130.00. On average, they anticipate Nexstar Media Group's stock price to reach $116.67 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts' price targets for Nexstar Media Group
.

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 & CEO (Age 62, Pay $4.88M)
  • Mr. Thomas E. Carter, Pres, COO & CFO (Age 62, Pay $2.02M)
  • Mr. Timothy C. Busch, Pres of Nexstar Inc. (Age 57, Pay $1.74M)
  • Mr. Gregory R. Raifman, Pres of Nexstar Digital LLC (Age 60, Pay $1.18M)
  • Mr. Brett E. Jenkins, Exec. VP & CTO (Age 50)

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 Tributary Capital Management LLC (0.56%), Envestnet Asset Management Inc. (0.39%), Wedge Capital Management L L P NC (0.26%), Dalton Greiner Hartman Maher & Co. (0.22%), Ziegler Capital Management LLC (0.19%) and Peregrine Capital Management LLC (0.16%). Company insiders that own Nexstar Media Group stock include Blake Russell, Brett Jenkins, Brian Jones, Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, Gregory R Raifman, Jay M Grossman, 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 institutional 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., Tributary Capital Management LLC, and Foster & Motley Inc.. Company insiders that have sold Nexstar Media Group company stock in the last year include Charles Thomas Mcmillen, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gregory R Raifman, Lisbeth Mcnabb, Perry A Sook, Sean Compton, 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Peregrine Capital Management LLC, Ziegler Capital Management LLC, First Hawaiian Bank, Envestnet Asset Management Inc., Wedge Capital Management L L P NC, and Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 $91.05.

How big of a company is Nexstar Media Group?

Nexstar Media Group has a market capitalization of $4.12 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 10/22/2020 by MarketBeat.com Staff

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