Skip to main content

Nexstar Media Group, Inc. (NXST)

NASDAQ: NXST · IEX Real-Time Price · USD
155.93 -4.44 (-2.77%)
Nov 26, 2021 1:00 PM EST - Market closed
Market Cap6.38B
Revenue (ttm)4.78B
Net Income (ttm)934.82M
Shares Out40.89M
EPS (ttm)20.90
PE Ratio7.46
Forward PE8.58
Dividend$2.80 (1.80%)
Ex-Dividend DateNov 10, 2021
Volume228,555
Open168.01
Previous Close160.37
Day's Range154.36 - 156.96
52-Week Range97.37 - 171.16
Beta1.72
AnalystsStrong Buy
Price Target187.67 (+20.4%)
Earnings DateNov 2, 2021

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...

IndustryMedia
IPO DateNov 24, 2003
CEOPerry Sook
Employees11,086
Stock ExchangeNASDAQ
Ticker SymbolNXST
Full Company Profile

Financial Performance

In 2020, NXST's revenue was $4.50 billion, an increase of 48.10% compared to the previous year's $3.04 billion. Earnings were $811.44 million, an increase of 252.40%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for NXST stock is "Strong Buy." The 12-month stock price forecast is 187.67, which is an increase of 20.36% from the latest price.

Price Target
$187.67
(20.36% upside)
Analyst Consensus: Strong Buy

News

Nexstar Media Group Names Larry Forsgren as Vice President and General Manager of Its Broadcasting and Digital Operat...

CHAMPAIGN, Ill. & IRVING, Texas--(BUSINESS WIRE)--Nexstar named Larry Forsgren VP and General Manager of its Champaign-Springfield, IL, broadcast and digital operations WCIA-TV, WCIX-TV and WCIA.com.

2 weeks ago - Business Wire

Nexstar Media Q3 Earnings Beat Estimates; Says Q4 Trends Continue To Improve

Nexstar Media Group Inc (NASDAQ: NXST) reported third-quarter FY21 net revenue growth of 3.5% year-on-year to $1.157 billion, marginally ahead of the consensus of $1.15 billion. Revenues from Total Tele...

3 weeks ago - Benzinga

Nexstar Media Group Posts Solid Q3 Results As Core Advertising Gains Offset 2020 Political Windfall

Top U.S. local TV station owner Nexstar Media Group reported solid third-quarter results, with distribution and core advertising gains offsetting record 2020 political ad spending. The company's total r...

3 weeks ago - Deadline

Nexstar Broadcasting Group (NXST) Q3 Earnings Miss Estimates

Nexstar (NXST) delivered earnings and revenue surprises of -3.70% and 1.49%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Nexstar Media Group Reports Record Third Quarter Net Revenue of $1,157.0 Million

IRVING, Texas--(BUSINESS WIRE)--Leading diversified media company, Nexstar Media Group reported financial results for the 2021 third quarter, including record third quarter revenue

3 weeks ago - Business Wire

Nexstar Media Group Declares Quarterly Cash Dividend of $0.70 Per Share

IRVING, Texas--(BUSINESS WIRE)--The Nexstar Media Group (NASDAQ: NXST) Board of Directors declared a quarterly cash dividend of $0.70 per share of its Class A common stock.

4 weeks ago - Business Wire

Earnings Preview: Nexstar Broadcasting Group (NXST) Q3 Earnings Expected to Decline

Nexstar (NXST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

13 Safe Dividend Stocks to Buy

Dividend growth, not yield, typically drives outperformance. Thus, you're getting more than just security from these safe dividend stocks.

1 month ago - Kiplinger

Nexstar Media Inc. Promotes Marc Hefner to Vice President and General Manager of Its Broadcast and Digital Operations...

IRVING, Texas & DALLAS--(BUSINESS WIRE)--Nexstar Media promoted Marc Hefner to VP and General Manager of its Dallas, Texas, broadcast and digital operations, overseeing KDAF-TV and cw33.com.

1 month ago - Business Wire

Nexstar Media Inc. Promotes Tim Sanders to Vice President and General Manager of Its Broadcast and Digital Operations...

IRVING, Texas & TERRE HAUTE, Ind.--(BUSINESS WIRE)--Nexstar promoted Tim Sanders to VP and General Manager of its Terre Haute, IN, media operations overseeing WTWO-TV and Mission Broadcasting's WAWV-TV.

1 month ago - Business Wire

Which Stocks Are Cheaper Than Google's Stock?

We believe that there are other stocks that are currently better valued than Alphabet (Google)'s stock. GOOG's current price-to-operating income ratio (P/EBIT) of 30.3x is much higher than levels of 14....

Other symbols:AIMCFLWSQDEL
2 months ago - Forbes

NewsNation Debuts Expanded Programming on Monday, September 27

CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media Inc.'s (Nasdaq: NXST) wholly-owned news and entertainment cable network reaching 75 million U.S. television households, debuts four hours of new live ...

2 months ago - Business Wire

Nexstar Media Inc. Names Lloyd Bucher as Vice President and General Manager of Its Broadcast and Digital Operations i...

CHARLOTTE, N.C. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it has named Lloyd Bucher as Vice Presid...

2 months ago - Business Wire

This Small-Cap Media Stock Has Outperformed Disney, Comcast In The Last 5 Years: Can It Keep The Run Going?

A small media company that owns one of the top portfolios of big four network television stations has outperformed media giants and could continue to see strong returns with acquisitions, sports wagerin...

2 months ago - Benzinga

Nexstar Media Inc. Promotes Fran McRae to Vice President and General Manager of Its Broadcast and Digital Operations ...

IRVING, Texas & MEMPHIS, Tenn.--(BUSINESS WIRE)--Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it has promoted Fran McRae to Vice Presid...

2 months ago - Business Wire

Nexstar Media Group to Report 2021 Third Quarter Financial Results, Host Conference Call and Webcast on November 2

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2021 third quarter financial results premarket on November 2, 2021 and host a conference call and webcast at 9am ET.

2 months ago - Business Wire

Nexstar Teams With SportsGrid On New Digitnet Sports Betting Network

Nexstar Media Group, Inc (NASDAQ: NXST) has announced that its Nexstar Media Inc. subsidiary is partnering with the streaming video network SportsGrid Inc. on SportsGrid Network, which is being billed a...

3 months ago - Benzinga

Nexstar Media and SportsGrid to Launch First-Ever Diginet for Sports Wagering and Fantasy Sports

IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), the largest local media company in the United States, and SportsGrid...

3 months ago - Business Wire

Major Broadcasters Launch NEXTGEN TV on Eight Local Television Stations in Kansas City, MO

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City's leading television stations today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's launch includes KMBC-TV (...

Other symbols:MDPSSP
3 months ago - Business Wire

Nexstar Media Inc. Appoints Stephen Eaton Vice President and General Manager of Its Broadcast and Digital Operations ...

IRVING, Texas & BILLINGS, Mont.--(BUSINESS WIRE)--Nexstar Media Inc. appointed Stephen Eaton Vice President and General Manager of KSVI-TV (ABC) broadcast and digital operations in Billings, Montana.

3 months ago - Business Wire

JEGI CLARITY Has Advised The Hill On Their Sale To Nexstar Media

NEW YORK, Aug. 23, 2021 /PRNewswire/ -- The Hill, advised by JEGI CLARITY, has been sold to Nexstar Media, a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST). Founded in 1994, The Hil...

3 months ago - PRNewsWire

Political News Site The Hill Acquired By Nexstar Media For $130M

Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), has acquired the online political news resource The Hill for $130 million. What Happened: The Hill was launched...

3 months ago - Benzinga

Nexstar Media Buys Political News Hub, The Hill, For $130 Million

Broadcaster Nexstar Media said Friday it's buying The Hill, a leading purveyor of Beltway news, for $130 million as it expands in digital content. The Hill had 48 million average monthly users and 2.2 b...

3 months ago - Deadline

Nexstar Acquires The Hill, a Leading Independent Political Digital Media Platform, for $130 Million

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it acquired The Hill for $130 million (plus working capita...

3 months ago - Business Wire

Nexstar Media Inc. Television Stations Receive Two National Edward R. Murrow Awards for Outstanding Journalism and Ex...

IRVING, Texas--(BUSINESS WIRE)--The local news operations of Nexstar Media's television stations KDVR-TV and KSNW-TV won National Edward R. Murrow Awards for outstanding journalism.

3 months ago - Business Wire