Nexstar Media Group, Inc. (NXST)

NASDAQ: NXST · IEX Real-Time Price · USD
160.56
-3.13 (-1.91%)
At close: Feb 26, 2024, 4:00 PM
161.23
+0.67 (0.42%)
After-hours: Feb 26, 2024, 6:43 PM EST
-1.91%
Market Cap 5.55B
Revenue (ttm) 5.12B
Net Income (ttm) 435.30M
Shares Out 33.93M
EPS (ttm) 11.66
PE Ratio 13.77
Forward PE 7.68
Dividend $6.76 (4.21%)
Ex-Dividend Date Feb 8, 2024
Volume 485,295
Open 162.94
Previous Close 163.69
Day's Range 160.48 - 164.47
52-Week Range 132.30 - 192.86
Beta 1.55
Analysts Strong Buy
Price Target 206.43 (+28.57%)
Earnings Date Feb 28, 2024

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. It owns, operates, programs, or provides sales and other services to various markets. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites... [Read more]

Industry Entertainment
IPO Date Nov 24, 2003
Employees 12,971
Stock Exchange NASDAQ
Ticker Symbol NXST
Full Company Profile

Financial Performance

In 2022, NXST's revenue was $5.21 billion, an increase of 12.10% compared to the previous year's $4.65 billion. Earnings were $971.10 million, an increase of 16.37%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for NXST stock is "Strong Buy." The 12-month stock price forecast is $206.43, which is an increase of 28.57% from the latest price.

Price Target
$206.43
(28.57% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

7 days 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.

11 days 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.

13 days 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.

13 days 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.

21 days 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...

26 days 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...

4 weeks 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.

4 weeks 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.

5 weeks 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.

6 weeks 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.

7 weeks 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.

7 weeks 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
7 weeks 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.

2 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, ...

2 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.

2 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.

2 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...

2 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.

3 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.

3 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.

3 months ago - Business Wire

Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group declares a quarterly cash dividend of $1.35 per share of its common stock.

4 months ago - Business Wire

Nexstar Media and ReachTV Announce Partnership Extending Distribution of NewsNation and the CW Network

IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group and ReachTV are partnering to extend the distribution of NewsNation and the CW Network sports programming.

4 months ago - Business Wire

Nexstar Media Group Promotes Steven Blanchard to Vice President and General Manager of Its Broadcasting and Digital Operations in Richmond, Virginia

RICHMOND, Va. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Steven Blanchard to VP and General Manager of its Richmond, Virginia, broadcasting operations WRIC-TV (ABC) and wric.com.

4 months ago - Business Wire

Nexstar Media Group Releases New Investor Presentation Highlighting Its Perspectives on the Evolving Media/Television Landscape

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group released a new investor presentation highlighting recent events and their positive impact on the broadcast TV industry.

5 months ago - Business Wire