Nexstar Media Group (NXST) Stock Price, News & Analysis

Company Overview

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, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

Key Stats

• Today's Range: $156.74 to $161.04
• 50-Day Range: $157.01 to $188.50
• 52-Week Range: $147.25 to $191.86
• Volume: 2.16 million shs
• Average Volume: 336,260 shs
• Market Capitalization: $4.92 billion
• P/E Ratio: 9.17
• Dividend Yield: 4.27%
• Price Target: $204.29
• Consensus Rating: Moderate Buy

Nexstar Media Group Stock Analysis - MarketRank™

Nexstar Media Group scored higher than 98% of companies evaluated by MarketBeat, and ranked 8th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nexstar Media Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Nexstar Media Group has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: -27.88%

Earnings Growth

Earnings for Nexstar Media Group are expected to decrease by -27.88% in the coming year, from $24.53 to $17.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nexstar Media Group is 9.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nexstar Media Group is 9.17, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.27.

Price to Earnings Growth Ratio

Nexstar Media Group has a PEG Ratio of 0.20. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Nexstar Media Group has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.39% of the float of Nexstar Media Group has been sold short.

Short Interest Ratio / Days to Cover

Nexstar Media Group has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Nexstar Media Group has recently increased by 1.09%, indicating that investor sentiment is decreasing.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Nexstar Media Group is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Nexstar Media Group has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of Nexstar Media Group is 39.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 38.21% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.45

Percentage of Shares Shorted

6.39% of the float of Nexstar Media Group has been sold short.

Short Interest Ratio / Days to Cover

Nexstar Media Group has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Nexstar Media Group has recently increased by 1.09%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.27

News Sentiment

Nexstar Media Group has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Nexstar Media Group this week, compared to 8 articles on an average week.

Search Interest

11 people have searched for NXST on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Nexstar Media Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,184,773.00 in company stock.

Percentage Held by Insiders

Only 6.30% of the stock of Nexstar Media Group is held by insiders.

Percentage Held by Institutions

95.30% of the stock of Nexstar Media Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NXST Stock Analysis - Frequently Asked Questions

How have NXST shares performed this year?

Nexstar Media Group's stock was trading at $156.75 at the beginning of 2024. Since then, NXST stock has increased by 1.1% and is now trading at $158.49.
View the best growth stocks for 2024 here.

How were Nexstar Media Group's earnings last quarter?

Nexstar Media Group, Inc. (NASDAQ:NXST) released its quarterly earnings results on Thursday, November, 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by $0.24. The business's revenue for the quarter was up 20.7% compared to the same quarter last year.

Who are Nexstar Media Group's major shareholders?

Top institutional shareholders of Nexstar Media Group include FMR LLC (3.79%), Charles Schwab Investment Management Inc. (3.36%), State Street Corp (3.09%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Perry A Sook, Thomas Carter, Jay M Grossman, John R Muse, Brett Jenkins, Blake Russell, Dennis J Fitzsimons, Sean Compton, Andrew Alford, Elizabeth Ryder, Lee Ann Gliha, Charles Thomas Mcmillen, D Geoffrey Armstrong, Lisbeth Mcnabb, Gary Weitman, Michael Biard, Karen A Brophy, Bernadette S Aulestia, Dana Zimmer, Dennis Miller, Michael Strober and Rachel Morgan.
View institutional ownership trends.

How do I buy shares of Nexstar Media Group?

Shares of NXST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nexstar Media Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nexstar Media Group investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Charles Schwab (SCHW), McKesson (MCK), Comcast (CMCSA), Hawkins (HWKN) and Edwards Lifesciences (EW).

Company Calendar

• Last Earnings: 11/07/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Dividend Payable: 11/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Television broadcasting stations
• Sub-Industry: Broadcasting
• Current Symbol: NASDAQ:NXST
• CUSIP: 65336K10
• CIK: 1142417
• Web: www.nexstar.tv
• Phone: (972) 373-8800
• Fax: 972-373-8888
• Employees: 13,294
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $204.29
• High Stock Price Target: $215.00
• Low Stock Price Target: $190.00
• Potential Upside/Downside: +28.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $17.29
• Trailing P/E Ratio: 9.17
• Forward P/E Ratio: 6.46
• P/E Growth: 0.2
• Net Income: $346 million
• Net Margins: 11.39%
• Pretax Margin: 14.70%
• Return on Equity: 26.03%
• Return on Assets: 5.01%

Debt

• Debt-to-Equity Ratio: 2.98
• Current Ratio: 1.68
• Quick Ratio: 1.68

Sales & Book Value

• Annual Sales: $5.22 billion
• Price / Sales: 0.94
• Cash Flow: $36.86 per share
• Price / Cash Flow: 4.30
• Book Value: $68.17 per share
• Price / Book: 2.32

Miscellaneous

• Outstanding Shares: 31,022,000
• Free Float: 29,068,000
• Market Cap: $4.92 billion
• Optionable: Optionable
• Beta: 1.45