Nexstar Media Group, Inc. (NXST)
| Market Cap | 5.57B |
| Revenue (ttm) | 4.96B |
| Net Income (ttm) | 410.00M |
| Shares Out | 32.83M |
| EPS (ttm) | 11.77 |
| PE Ratio | 14.41 |
| Forward PE | 6.80 |
| Dividend | $6.76 (3.99%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 190,539 |
| Open | 170.54 |
| Previous Close | 170.54 |
| Day's Range | 169.12 - 172.96 |
| 52-Week Range | 132.30 - 187.32 |
| Beta | 1.50 |
| Analysts | Strong Buy |
| Price Target | 206.00 (+21.49%) |
| Earnings Date | May 9, 2024 |
About 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, oth... [Read more]
Financial Performance
In 2023, NXST's revenue was $4.93 billion, a decrease of -5.33% compared to the previous year's $5.21 billion. Earnings were $346.00 million, a decrease of -64.37%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for NXST stock is "Strong Buy." The 12-month stock price forecast is $206.0, which is an increase of 21.49% from the latest price.
News
The CW Network Announces Its Seven-Night Primetime Schedule for 2024-2025
BURBANK, Calif.--(BUSINESS WIRE)--The CW Network will launch its seven-night 2024-25 primetime schedule in the Fall of 2024 with an exciting array of new programming and sports.
The CW Network to Broadcast Pac-12 Football Games to a National Audience in 2024
BURBANK, Calif.--(BUSINESS WIRE)--The CW Network will be the broadcast home for 11 Pac-12 football games featuring Oregon State and Washington State during the upcoming 2024 season.
Nexstar CEO On CBS Stations – Can't Buy Them Under Current Regulatory Regime “But If That Were To Change, Maybe Our Opinion Would Change”
With Paramount Global and its assets currently in play, Nexstar CEO Perry Sook was asked on a call today if the nation's biggest broadcast might look at CBS stations.
Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reported record first quarter revenue of $1.28 billion, including all-time high quarterly distribution revenue.
Nexstar Television Stations in Chicago, Norfolk, and Lafayette, LA, to Become Affiliated With The CW Network on September 1
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group owned and operated TV stations in Chicago, Norfolk, and Lafayette will become affiliates of The CW Network on September 1.
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock.
Nexstar Media Group to Participate in Upcoming Investor Conferences
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group executive management will participate in the MoffettNathanson and the JPMorgan Technology and Media Conferences in May.
Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2024 first quarter financial results on May 9, 2024, and host a conference call and webcast at 10am ET that morning.
Nexstar Fined $1.2M By FCC And Could Lose Control Of CW Flagship WPIX-TV In New York; Company Vows To “Vigorously” Fight Ruling
The Federal Communications Commission has determined that local TV giant Nexstar Media Group's takeover of WPIX-TV in New York in 2020 violated federal limits on station ownership. In a ruling issued ...
Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC's action regar...
Nexstar Media Group Reports Fourth Quarter Net Revenue of $1.3 Billion
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reports 2023 fourth quarter and full year financial results and issues 2024 Adjusted EBITDA guidance of $2.085 to $2.195 billion.
Nexstar Media Names Chris Pruitt as Vice President and General Manager of Its Springfield, Missouri Broadcast and Digital Operations
SPRINGFIELD, Mo. & IRVING, Texas.--(BUSINESS WIRE)--Nexstar Media Group named Chris Pruitt as Vice President and General Manager of its broadcast and digital operations in Springfield, Missouri.
Nexstar Media Appoints Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. appointed Stacey Schulman Executive Vice President, Platform Marketing and Intelligence, a newly created position.
Nexstar Media Names Angie Salas as Vice President and General Manager of Its Broadcast and Digital Operations in Champaign, IL
CHAMPAIGN, Ill. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media names Angie Salas VP and General Manager of WCIA-TV and WCIX-TV broadcasting and digital operations in Champaign and Springfield, IL.
Nexstar Media Group Board Adopts Policy Regarding the Roles of Chairperson of the Board of Directors and Chief Executive Officer
IRVING, Texas--(BUSINESS WIRE)--Nexstar's Board of Directors has adopted a new policy regarding the roles of Chairperson of the Board of Directors and Chief Executive Officer.
NIELSEN AND NEXSTAR ANNOUNCE COMPREHENSIVE AGREEMENT FOR LOCAL & NATIONAL TV MEASUREMENT SERVICES
Nielsen remains a preferred Nexstar provider of currency-grade TV audience data NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Nielsen, a global leader in audience measurement, data and analytics, today ann...
Nexstar Media Names Bill Dallman as Vice President and General Manager of Its Broadcast and Digital Operations in Grand Junction, Colorado
GRAND JUNCTION, Colo. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media appoints Bill Dallman VP and General Manager of KREX-TV and KGJT-TV broadcast and digital operations in Grand Junction and Montros...
Nexstar Media Group Raises Quarterly Cash Dividend by 25% to $1.69 Per Share
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group increased its quarterly cash dividend by 25% to $1.69 per share beginning with the dividend declared for the 2024 first quarter.
The CW Network Appoints Erin McIlvain as Senior Vice President of Affiliate Distribution and Marketing
BURBANK, Calif.--(BUSINESS WIRE)--The CW Network appoints experienced media executive, Erin McIlvain, to Senior Vice President of Affiliate Distribution and Marketing.
Nexstar Media to Mark Dr. Martin Luther King Day With Special Programming Featuring His Only Grandchild
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will air “A Granddaughter's Dream,” a tribute to Dr. Martin Luther King, Jr., and his wife Coretta Scott King, beginning Jan. 13.
Nexstar Media Group to Report 2023 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 28
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report its 2023 fourth quarter and full year financial results on Wednesday, February 28, 2024.
Nexstar Media Enters Into Time Brokerage Agreement With KAZT-TV in Phoenix, Arizona
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has entered into a multi-year time brokerage agreement with KAZT-TV in Phoenix, Arizona, the nation's 11th largest TV market.
Nexstar Media Reaches Multi-Year Distribution Agreement With Fubo
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group and FuboTV reached a new comprehensive multi-year distribution agreement for 89 Nexstar-owned local TV stations and NewsNation.
Nexstar Media Group Extends Employment Agreement With Lee Ann Gliha, Executive Vice President and Chief Financial Officer
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group entered into an extension of its employment agreement with Executive Vice President and Chief Financial Officer, Lee Ann Gliha.
Nexstar Television Stations in Grand Rapids, Sioux Falls, and Panama City to Begin Carrying CW Network Programming on January 1
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that beginning January 1, 2024, its television stations in Grand Rapids, Michigan, Sioux Falls, South Dakota, ...