Nexstar Media Group, Inc. (NXST)

NASDAQ: NXST · IEX Real-Time Price · USD
171.89
+3.15 (1.87%)
At close: Mar 27, 2024, 4:00 PM
171.69
-0.20 (-0.12%)
After-hours: Mar 27, 2024, 6:31 PM EDT
1.87%
Market Cap 5.64B
Revenue (ttm) 4.93B
Net Income (ttm) 346.00M
Shares Out 33.43M
EPS (ttm) 9.64
PE Ratio 17.83
Forward PE 6.71
Dividend $6.76 (3.93%)
Ex-Dividend Date Feb 8, 2024
Volume 209,859
Open 170.00
Previous Close 168.74
Day's Range 169.37 - 172.46
52-Week Range 132.30 - 187.32
Beta 1.50
Analysts Buy
Price Target 193.83 (+12.76%)
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]

Industry Entertainment
IPO Date Nov 24, 2003
Employees 13,294
Stock Exchange NASDAQ
Ticker Symbol NXST
Full Company Profile

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 Statements

Analyst Forecast

According to 6 analysts, the average rating for NXST stock is "Buy." The 12-month stock price forecast is $193.83, which is an increase of 12.76% from the latest price.

Price Target
$193.83
(12.76% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

17 hours ago - Business Wire

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 ...

6 days ago - Deadline

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...

6 days ago - Business Wire

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.

4 weeks ago - Business Wire

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.

5 weeks ago - Business Wire

Nexstar Media Group to Participate in Upcoming Investor Conferences

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group is participating in the Morgan Stanley TMT Conference and the Deutsche Bank Media, Internet & Telecom Conference in March.

5 weeks ago - Business Wire

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.

6 weeks ago - Business Wire

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.

6 weeks ago - Business Wire

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.

7 weeks ago - Business Wire

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...

2 months ago - PRNewsWire

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...

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

Other symbols: FUBO
3 months ago - Business Wire

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.

3 months ago - Business Wire

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, ...

3 months ago - Business Wire

Mission Broadcasting and Nexstar Media Group Launch NextGen TV on WPIX-TV in New York City

IRVING, Texas.--(BUSINESS WIRE)--Mission Broadcasting and Nexstar Media Group announced the launch of NextGen TV on WPIX-TV in New York City, the #1 TV market in the country.

3 months ago - Business Wire

Nexstar Media Promotes Mike Spruill to Vice President and General Manager of Its Broadcast and Digital Operations in Nashville, Tennessee

NASHVILLE, Tenn. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Mike Spruill to VP and General Manager of WKRN-TV (ABC) broadcast and digital operations in Nashville, Tennessee.

3 months ago - Business Wire

98 Degrees Celebrates NYE 2023 with an Intimate Concert During Nexstar Media Group's "Las Vegas Countdown to 2024" Television Special

Iconic boy band to perform their greatest hits and will release their new single "Got U" at Midnight LAS VEGAS , Dec. 11, 2023 /PRNewswire/ -- Tune in and catch the legendary boy band  98 Degrees on N...

3 months ago - PRNewsWire

Nexstar Media Group to Participate in Four Upcoming Investor Conferences

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will participate in the Stephens, BofA Securities, UBS and MoffettNathanson investor conferences in November and December.

4 months ago - Business Wire

Nexstar Media Group Reports Third Quarter Net Revenue of $1.13 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reported third quarter 2023 financial results, including net revenue of $1.13 billion.

5 months ago - Business Wire

Nexstar Media Group and Cox Communications Reach Multi-Year Distribution Agreement

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. and Cox Communications announced that they have reached a comprehensive, multi-year distribution agreement.

5 months ago - Business Wire