Nexstar Media Group, Inc. (NXST)
| Market Cap | 4.92B |
| Revenue (ttm) | 5.22B |
| Net Income (ttm) | 578.00M |
| Shares Out | 31.02M |
| EPS (ttm) | 17.25 |
| PE Ratio | 9.19 |
| Forward PE | 8.85 |
| Dividend | $6.76 (4.27%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 1,968,535 |
| Open | 157.42 |
| Previous Close | 157.01 |
| Day's Range | 156.74 - 161.04 |
| 52-Week Range | 147.25 - 191.86 |
| Beta | 1.43 |
| Analysts | Strong Buy |
| Price Target | 206.67 (+30.4%) |
| Earnings Date | Nov 7, 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, 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 30.40% from the latest price.
News
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...
Nexstar Media Group to Report 2024 Third Quarter Financial Results, Host Conference Call and Webcast on November 7
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2024 third quarter financial results on Thursday, November 7, 2024. The Company will ho...
Nexstar Media Names Scott Weaver Senior Vice President of Government Relations
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Washington, D.C., and media and telecommunications industry advocate Scott Weaver as the co...
Nexstar Media Group, Inc. (NXST) Q2 2024 Earnings Call Transcript
Nexstar Media Group, Inc. (NASDAQ:NXST) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Joseph Jaffoni - IR Perry Sook - Founder, Chairman & CEO Michael Biard - Presi...
Broadcast Giant Nexstar Misses Q2 Estimates, Says It Is “Executing” CW Plan As Network Losses Shrink
Broadcast TV giant Nexstar Media Group undershot Wall Street analysts' estimates for the second quarter, but said losses are continuing to narrow at The CW. The company reported a 2% uptick in revenue...
Nexstar Media Group Reports Record Second Quarter Net Revenue of $1.27 Billion
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reports record second quarter net revenue of $1.27 billion and returns $190 million in capital to shareholders.
Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks
I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their ...
Jim Cramer likes Fox, NYT, and Nexstar as an election year trade
'Mad Money' host Jim Cramer looks at how media stocks could benefit from this year's election cycle.
Jim Cramer recommends three media stocks that could do well in the run-up to the election
CNBC's Jim Cramer on Wednesday pointed to three media stocks poised to do well as the presidential race tightens: Fox, The New York Times and Nexstar. "As much as I really do loathe talking politics o...
Nexstar Media Group Appoints Ellen Johnson to Board of Directors
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. appoints Ellen Johnson, IPG Chief Financial Officer, to its Board of Directors effective October 1, 2024.
PARAMOUNT GLOBAL AND NEXSTAR MEDIA RENEW AFFILIATION AGREEMENTS
Multi-Year Renewal Covers CBS Affiliated Television Stations in 42 Markets Owned by Nexstar and Mission Broadcasting, Inc. Paramount-owned Stations in Miami and Detroit To Become CW Network Affiliates...