Nexstar Media Group, Inc. (NXST)
| Market Cap | 6.38B |
| Revenue (ttm) | 4.78B |
| Net Income (ttm) | 934.82M |
| Shares Out | 40.89M |
| EPS (ttm) | 20.90 |
| PE Ratio | 7.46 |
| Forward PE | 8.58 |
| Dividend | $2.80 (1.80%) |
| Ex-Dividend Date | Nov 10, 2021 |
| Volume | 228,555 |
| Open | 168.01 |
| Previous Close | 160.37 |
| Day's Range | 154.36 - 156.96 |
| 52-Week Range | 97.37 - 171.16 |
| Beta | 1.72 |
| Analysts | Strong Buy |
| Price Target | 187.67 (+20.4%) |
| Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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.
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...
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...
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?
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
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.
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.
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.
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.
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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 ...
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...
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...
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...
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.
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...
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...
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 (...
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.
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...
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...
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...
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...
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.