Nexstar Media Group, Inc. (NXST)

NASDAQ: NXST · IEX Real-Time Price · USD
177.38
+4.63 (2.68%)
Oct 4, 2022 1:40 PM EDT - Market open
2.68%
Market Cap 6.65B
Revenue (ttm) 4.86B
Net Income (ttm) 912.66M
Shares Out 37.47M
EPS (ttm) 21.59
PE Ratio 8.22
Forward PE 8.89
Dividend $3.40 (1.92%)
Ex-Dividend Date Aug 10, 2022
Volume 185,600
Open 174.08
Previous Close 172.74
Day's Range 173.83 - 177.77
52-Week Range 139.69 - 204.62
Beta 1.47
Analysts Buy
Price Target 233.69 (+31.7%)
Earnings Date Nov 8, 2022

About NXST

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and... [Read more...]

Industry Media
IPO Date Nov 24, 2003
CEO Perry Sook
Employees 11,160
Stock Exchange NASDAQ
Ticker Symbol NXST
Full Company Profile

Financial Performance

In 2021, NXST's revenue was $4.65 billion, an increase of 3.27% compared to the previous year's $4.50 billion. Earnings were $834.57 million, an increase of 2.85%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for NXST stock is "Buy." The 12-month stock price forecast is 233.69, which is an increase of 31.75% from the latest price.

Price Target
$233.69
(31.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Two Senior CW Execs Depart In Wake Of Nexstar Takeover

Two senior executives at the CW — Rick Haskins, president of streaming and chief branding officer, and finance chief Mitch Nedick — are departing the network as Nexstar assumes control.

19 hours ago - Deadline

Nexstar Closes Deal For Control Of The CW; Mark Pedowitz Exits Top Job

Mark Pedowitz is exiting his post as head of The CW as Nexstar Media Group has formally closed a deal to acquire 75% interest in the broadcast network. Dennis Miller, a veteran Nexstar board member, has...

1 day ago - Deadline

Nexstar Media Closes Acquisition of The CW Network

IRVING, Texas & LOS ANGELES--(BUSINESS WIRE)--Nexstar Media Group closes previously announced acquisition of The CW Network and names Dennis Miller President of The CW.

1 day ago - Business Wire

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Roanoke-Lynchburg

ROANOKE, Va. & LYNCHBURG, Va.--(BUSINESS WIRE)--The leading television stations serving the Roanoke-Lynchburg market today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast techn...

Other symbols: SBGI
6 days ago - Business Wire

The 7 Most Undervalued Mid-Cap Stocks to Buy Now

It's up for debate whether the stock market downturn has reached or is close to reaching the “bottoming out” stage, but there are many opportunities out there. While most of the best opportunities are a...

Other symbols: BYDCOKEDVAGHCPBHSFM
1 week ago - InvestorPlace

NewsNation to Broadcast Exclusive Live National Coverage of Candidate Debates in Battleground States of Texas, Georgi...

CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media Group, Inc.'s (NASDAQ: NXST) national cable news network, today announced it will offer the only live national television coverage of debates between ...

1 week ago - Business Wire

America's Top Local TV Firm Eyes Breakout, Hires Controversial Host

With former CNN host Chris Cuomo set to helm a new network show, Nexstar Media looks to produce a new breakout. The post America's Top Local TV Firm Eyes Breakout, Hires Controversial Host appeared firs...

1 week ago - Investors Business Daily

Nexstar Media Group to Report 2022 Third Quarter Financial Results, Host Conference Call and Webcast on November 8

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report its 2022 third quarter financial results premarket on November 8 and host a conference call and webcast at 10am ET.

3 weeks ago - Business Wire

“NewsNation Live with Marni Hughes” To Premiere Monday, September 19, on NewsNation

CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media Inc.'s news and entertainment cable network, is launching “NewsNation Live with Marni Hughes,” beginning September 19.

4 weeks ago - Business Wire

Nexstar Media Charitable Foundation Donates $50,000 to Feeding America® to Commemorate September as “Hunger Action Mo...

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Charitable Foundation donates to Feeding America to commemorate Hunger Action Month as part of its $2 million four-year partnership.

1 month ago - Business Wire

Nexstar Media Group to Participate in the BofA Securities Media, Communications and Entertainment Conference

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group is participating in the BofA Securities Media, Communications and Entertainment Conference on September 7.

1 month ago - Business Wire

TV station owner Nexstar to buy majority stake in CW Network

Nexstar Media Group, the largest local TV station owner in the United States, said on Monday it will acquire a majority stake in The CW Network, home to popular shows such as "Riverdale", which based on...

1 month ago - Reuters

Nexstar Media Group to Acquire The CW Network

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has entered into an agreement with Warner Bros. Discovery and Paramount Global to acquire a majority interest in The CW Network.

Other symbols: PARAWBD
1 month ago - Business Wire

Nexstar Digital Launches The Hill TV Streaming Channel on Plex

WASHINGTON--(BUSINESS WIRE)--The Hill, America's premier source for political and policy news, has launched a streaming TV channel, marking its first foray into OTT.

1 month ago - Business Wire

Nexstar Broadcasting Group (NXST) Tops Q2 Earnings and Revenue Estimates

Nexstar (NXST) delivered earnings and revenue surprises of 7.13% and 0.46%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Political Advertising Helps Boost Nexstar With Record Q2 Revenue Of $1.25 Billion

Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter. The company reported net income of $226...

2 months ago - Deadline

Nexstar Media Group Reports Record Second Quarter Net Revenue of $1.25 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reported record second quarter financial results for the three month period ended June 30, 2022.

2 months ago - Business Wire

NXST vs. NFLX: Which Stock Is the Better Value Option?

NXST vs. NFLX: Which Stock Is the Better Value Option?

Other symbols: NFLX
2 months ago - Zacks Investment Research

Nexstar Media Group Extends Employment Agreement of Chief Executive Officer, Perry A. Sook, Through March 2026

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's Board of Directors has extended the employment agreement of Chief Executive Officer, Perry A. Sook, through March 31, 2026.

2 months ago - Business Wire

Nexstar Media Group Declares Quarterly Cash Dividend, Announces New $1.5 Billion Share Repurchase Authorization and P...

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group declared a cash dividend and approved a new $1.5 billion share repurchase program and plan to declassify the Board of Directors.

2 months ago - Business Wire

Is Nexstar Media Group (NXST) Outperforming Other Consumer Discretionary Stocks This Year?

Here is how Nexstar Broadcasting Group (NXST) and Snap-On (SNA) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

Should Value Investors Buy Nexstar Media Group (NXST) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

2 months ago - Zacks Investment Research

7 Oversold Value Stocks to Buy Now

Even as uncertainty still puts pressure on the market, it may be a good time to take a look at these seven oversold value stocks. The post 7 Oversold Value Stocks to Buy Now appeared first on InvestorPl...

Other symbols: BYDKSSNYCBPARAWBAWBD
2 months ago - InvestorPlace

Teads Announces Exclusive Partnership With Nexstar Digital to Deliver InRead Advertising Technology and Monetization ...

LOS ANGELES--(BUSINESS WIRE)--Teads announces exclusive partnership with Nexstar digital to deliver inRead advertising technology and monetization capabilities

2 months ago - Business Wire

Nexstar Media Inc. Promotes Cory Gylock to Vice President and General Manager of Its Broadcasting and Digital Operati...

LA CROSSE/EAU CLAIRE, Wis. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media promotes Cory Gylock to VP and General Manager of WLAX-TV (FOX), WEUX-TV (FOX), and wiproud.com in La Crosse/Eau Claire, Wiscon...

2 months ago - Business Wire