S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:NXST

Nexstar Media Group (NXST) Stock Price, News & Analysis

$171.89
+3.15 (+1.87%)
(As of 03/27/2024 ET)
Today's Range
$169.73
$172.23
50-Day Range
$156.10
$180.63
52-Week Range
$132.30
$187.32
Volume
221,068 shs
Average Volume
495,087 shs
Market Capitalization
$5.75 billion
P/E Ratio
17.85
Dividend Yield
3.93%
Price Target
$193.83

Nexstar Media Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
12.8% Upside
$193.83 Price Target
Short Interest
Bearish
7.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.63mentions of Nexstar Media Group in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$7.15 M Sold Last Quarter
Proj. Earnings Growth
-31.95%
From $26.73 to $18.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.62 out of 5 stars

Consumer Discretionary Sector

35th out of 266 stocks

Television Broadcasting Stations Industry

2nd out of 10 stocks

NXST stock logo

About Nexstar Media Group Stock (NASDAQ:NXST)

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. 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.

NXST Stock Price History

NXST Stock News Headlines

The Small Biotech with a BIG Cancer Solution
There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
5 Mid-Caps to Buy Before the Next Broad Market Sell-Off
Concentration and a dimming outlook for earnings growth (outside of tech) in 2024 have the S&P 500 NYSEARCA: SPY set up for a correction. It may not happen soon, but signs continue to grow, with investors flooding into market leaders like NVIDIA NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD, Amazon NASDAQ: AMZN, and Meta Platforms NASDAQ: META, and expectations for rate cuts are receding.
5 Mid-Caps to Buy Before the Next Broad Market Sell-Off (NXST)
The market is looking toppy and may correct at any time. Investors that want to front-run the sell-off should turn to small and mid-caps for value and yield.
Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
NXST Apr 2024 170.000 call
NXST Apr 2024 170.000 put
NXST Apr 2024 180.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Last Earnings
2/28/2024
Today
3/27/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:NXST
CUSIP
65336K10
Employees
13,294
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$193.83
High Stock Price Target
$220.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$346 million
Pretax Margin
8.13%

Debt

Sales & Book Value

Annual Sales
$4.93 billion
Cash Flow
$39.33 per share
Book Value
$68.17 per share

Miscellaneous

Free Float
31,458,000
Market Cap
$5.75 billion
Optionable
Optionable
Beta
1.51
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NXST Stock Analysis - Frequently Asked Questions

Should I buy or sell Nexstar Media Group stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexstar Media Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NXST shares.
View NXST analyst ratings
or view top-rated stocks.

What is Nexstar Media Group's stock price target for 2024?

5 analysts have issued twelve-month price targets for Nexstar Media Group's stock. Their NXST share price targets range from $158.00 to $220.00. On average, they expect the company's stock price to reach $193.83 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for NXST
or view top-rated stocks among Wall Street analysts.

How have NXST shares performed in 2024?

Nexstar Media Group's stock was trading at $156.75 at the beginning of the year. Since then, NXST stock has increased by 9.7% and is now trading at $171.89.
View the best growth stocks for 2024 here
.

When is Nexstar Media Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our NXST earnings forecast
.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) issued its earnings results on Wednesday, February, 28th. The company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $4.42 by $1.10. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a trailing twelve-month return on equity of 14.06%. The company's quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the business earned $8.04 earnings per share.

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, January 26th. Shareholders of record on Friday, February 9th will be paid a dividend of $1.69 per share on Friday, February 23rd. This represents a $6.76 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from the stock's previous quarterly dividend of $1.35.
Read our dividend analysis for NXST
.

Is Nexstar Media Group a good dividend stock?

Nexstar Media Group (NASDAQ:NXST) pays an annual dividend of $6.76 per share and currently has a dividend yield of 4.04%. NXST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NXST will have a dividend payout ratio of 37.16% 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), Xtrackers California Municipal Bond ETF (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 major shareholders?

Nexstar Media Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.56%), Vanguard Group Inc. (9.70%), LSV Asset Management (4.08%), Dimensional Fund Advisors LP (3.87%), Pacer Advisors Inc. (1.67%) and Copeland Capital Management LLC (1.53%). Insiders that own company stock include Andrew Alford, Blake Russell, Brett Jenkins, Charles Thomas Mcmillen, D Geoffrey Armstrong, Dana Zimmer, Dennis Miller, Elizabeth Ryder, Gary Weitman, John R Muse, Karen A Brophy, Lee Ann Gliha, Lisbeth Mcnabb, Michael Strober, Perry A Sook, Rachel Morgan, Sean Compton and Thomas Carter.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NXST) was last updated on 3/28/2024 by MarketBeat.com Staff

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