Nexstar Media Group, Inc. (NXST)
| Market Cap | 4.74B |
| Revenue (ttm) | 5.22B |
| Net Income (ttm) | 578.00M |
| Shares Out | 31.02M |
| EPS (ttm) | 17.25 |
| PE Ratio | 8.86 |
| Forward PE | 8.68 |
| Dividend | $6.76 (4.42%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 190,100 |
| Open | 153.97 |
| Previous Close | 151.68 |
| Day's Range | 151.95 - 154.06 |
| 52-Week Range | 147.25 - 191.86 |
| Beta | 1.44 |
| Analysts | Strong Buy |
| Price Target | 206.67 (+35.2%) |
| Earnings Date | Feb 27, 2025 |
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, Nexstar Media Group'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 6 analysts, the average rating for NXST stock is "Strong Buy." The 12-month stock price forecast is $206.67, which is an increase of 35.20% from the latest price.
News
Nexstar & Optimum Reach Carriage Agreement After Standoff
After multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA. The partnership agreement was announced Saturday, and although the terms were not released, progr...
Nexstar and Optimum Partner and Reach Agreement Returning Nexstar Content to Optimum Customers Immediately
IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and Altice USA (NYSE: ATUS) today announced that they have reached a comprehensive partnership agreement and all Nex...
Nexstar Media Group to Report 2024 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 27
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2024 fourth quarter financial results on Thursday, February 27, 2025. The Company will ...
NewsNation Announces New Additions to Primetime Line-Up
CHICAGO--(BUSINESS WIRE)--NewsNation today announced new additions to its primetime programming line-up, with On Balance hosted by anchor/reporter Leland Vittert taking over the 9 pm ET hour, and Eliz...
Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
While Nexstar Continues to Dodge FCC Rules, Optimum Focuses on Customer Choice and Value
NEW YORK--(BUSINESS WIRE)--Optimum calls on Nexstar, the owner of multiple broadcast stations across the country, to put its viewers first and stop driving up TV prices for consumers. While Nexstar co...
Viewers Deprived of Critical News, Severe Weather Alerts, and the NFL Playoffs, as Altice USA Drops 63 Nexstar Television Stations From Optimum Platform
IRVING, Texas--(BUSINESS WIRE)--Altice USA drops the network and local programming provided by Nexstar Media Group television stations from Optimum, impacting millions of viewers.
Optimum Announces Update on Carriage Negotiations With Nexstar; Offers Customers Solutions to Keep Watching Their Local Broadcast Stations
NEW YORK--(BUSINESS WIRE)--Despite Optimum's best efforts to reach a fair and reasonable agreement with Nexstar, the owners of multiple broadcast stations, their content has been removed from Optimum ...
Nexstar Media Renews Affiliation Agreements With NBC
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and NBCUniversal have reached a comprehensive multi-year agreement to renew NBC Television Network affiliations in 33 markets a...
Local Broadcasters Form Joint Venture to Provide High-Speed Data Transmission Services to Clients Across the United States
LAS VEGAS--(BUSINESS WIRE)--Four of the nation's largest independent local broadcasting groups have come together to form EdgeBeam Wireless, LLC, a joint venture created to provide robust wireless dat...
Nexstar Laying Off 2% Of Workforce, Focusing Cuts On Local Stations; The Hill Editor In Chief Bob Cusack Also Sets Exit
Nexstar Media Group, which has been trimming staff at The CW in recent months, plans to expand those belt-tightening efforts by cutting 2% of its total workforce. The reductions are centered on the co...
Nexstar's Interactive Television, M&A, And Why It's A Buy
Nexstar Media Group is poised for growth with the adoption of ATSC 3.0, enhancing interactive TV, signal encryption, and data services. Significant investments in new stations, digital tools, and acqu...
Nexstar Media Group to Participate in Upcoming Investor Conferences
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in December. Among other t...
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks With Over 4% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Nexstar Appoints Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appoints Bill Sammon to Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation.
Nexstar Media Group, Inc. (NXST) Q3 2024 Earnings Call Transcript
Nexstar Media Group, Inc. (NASDAQ:NXST) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Founder, Chairman & Chief Exec...
Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.37 Billion
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reports third quarter 2024 financial results, including record net revenue of $1.37 billion.
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
IRVING, Texas--(BUSINESS WIRE)--The Nexstar Media Group Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock.
The CW Network Brings Shoppable TV to ACC Football in Innovative Partnership With Shopsense AI
BURBANK, Calif. & REDWOOD CITY, Calif.--(BUSINESS WIRE)--The CW Network and Shopsense AI today announced they are teaming up to transform how fans experience ACC college football broadcasts.
Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point
Nexstar Media is fundamentally undervalued with a fair value of $245, presenting over 40% upside from current prices. Seasonal patterns, particularly during election years, show significant stock perf...
Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has agreed to acquire the assets of WBNX-TV/TV55 in Cleveland, Ohio, from the Winston Broadcasting Company.
Nexstar Media Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts
IRVING, Texas--(BUSINESS WIRE)--Nexstar's businesses helped raise nearly $1.5 million to support relief efforts related to Hurricane Helene and potentially Hurricane Milton.
CW Parent Nexstar Parting Ways With Chief Revenue Officer Michael Strober
Nexstar Media Group, which hired Turner veteran Michael Strober as EVP and Chief Revenue Officer in 2022, has eliminated his position. In an SEC filing Friday, the company said Strober had been notifi...
Nexstar Media: Well Positioned In A Highly Challenging Industry
Nexstar Media Group was a top performer from 2012 to 2022 but currently trades at a low valuation (6x FCF) due to concerns about the shrinking linear TV industry. Within the linear TV industry, howeve...
Nexstar Television Stations in Augusta, Georgia; Monroe, Louisiana; Wichita Falls, Texas; Terre Haute, Indiana; and Utica, New York, to Become CW Network Affiliates
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that its owned and operated television stations in Augusta, Georgia (WJBF-D3 DMA #110); Monroe, Louisiana (KAR...