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Nexstar Media Group (NXST)
NASDAQ:NXST
NXST Stock Chart & Stats
$247.75
-$3.06(-1.89%)
At close: 4:00 PM EST
$247.75
-$3.06(-1.89%)
Day’s Range― - ―
52-Week Range$141.66 - $254.30
Previous CloseN/A
Volume50.08K
Average Volume (3M)356.56K
Market Cap
$7.51B
Enterprise Value$14.09B
Total Cash (Recent Filing)$280.00M
Total Debt (Recent Filing)$6.86B
Price to Earnings (P/E)56.5
Beta0.58
Next Earnings
May 07, 2026EPS Estimate
4.43Next Dividend Ex-DateN/A
Dividend Yield3.66%
Share Statistics
EPS (TTM)-5.63
Shares Outstanding30,327,997
10 Day Avg. Volume358,641
30 Day Avg. Volume356,555
Financial Highlights & Ratios
PEG Ratio-0.66
Price to Book (P/B)2.99
Price to Sales (P/S)1.25
P/FCF Ratio8.29
Enterprise Value/Market Cap1.88
Enterprise Value/Revenue2.85
Enterprise Value/Gross Profit6.04
Enterprise Value/Ebitda8.36
Forecast
1Y Price Target
$276.40Price Target Upside11.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)25.33
Revenue Forecast (FY)$5.43B
Bulls Say, Bears Say
Bulls Say
Cash GenerationNexstar has produced consistently strong operating cash flow historically (~$1.0B–$1.4B 2020–2024) and material free cash flow in 2025. Durable cash generation supports dividends, disciplined buybacks, capex, and funding of strategic deals, partially offsetting earnings cyclicality.
Digital MomentumA structural shift toward digital monetization reduces reliance on political and auto ad cycles. Faster-growing digital products and local digital traction provide higher-margin, recurring demand channels that diversify revenue and support sustainable medium-term growth and ad mix resilience.
Distribution RenewalsMulti-year carriage and affiliation renewals lock in retransmission fees and preserve distribution economics. Renewals covering the majority of subscribers underpin low/mid-single-digit distribution revenue guidance and provide predictable, recurring cash flow less exposed to advertising cyclicality.
Bears Say
High LeverageMaterial leverage constrains strategic flexibility and increases sensitivity to operating shocks. With leverage near 3x and sizable interest and mandatory amortization, management faces trade-offs among deleveraging, dividends, capex and funding acquisitions, elevating financial risk in weaker ad cycles.
Election-driven Earnings VolatilityHeavy exposure to cyclical political ad spending creates lumpy annual revenue and margin profiles, complicating forecasting and capital allocation. Earnings and free cash flow can swing materially between election and non‑election years, raising execution risk for multi‑year planning.
Liquidity Constrained By M&AWith a modest cash balance retained for the TEGNA deal and dividends maintained, Nexstar’s near-term liquidity cushion is reduced. This increases dependence on external financing or cash flow to complete strategic transactions and limits optionality for opportunistic investments or countercyclical support.
Nexstar Media Group News
NXST FAQ
What was Nexstar Media Group’s price range in the past 12 months?
Nexstar Media Group lowest stock price was $141.66 and its highest was $254.30 in the past 12 months.
What is Nexstar Media Group’s market cap?
Nexstar Media Group’s market cap is $7.51B.
When is Nexstar Media Group’s upcoming earnings report date?
Nexstar Media Group’s upcoming earnings report date is May 07, 2026 which is in 58 days.
How were Nexstar Media Group’s earnings last quarter?
Nexstar Media Group released its earnings results on Feb 26, 2026. The company reported -$5.63 earnings per share for the quarter, missing the consensus estimate of $3.723 by -$9.353.
Is Nexstar Media Group overvalued?
According to Wall Street analysts Nexstar Media Group’s price is currently Undervalued.
Does Nexstar Media Group pay dividends?
Nexstar Media Group pays a Quarterly dividend of $1.86 which represents an annual dividend yield of 3.66%. See more information on Nexstar Media Group dividends here
What is Nexstar Media Group’s EPS estimate?
Nexstar Media Group’s EPS estimate is 4.43.
How many shares outstanding does Nexstar Media Group have?
Nexstar Media Group has 30,327,997 shares outstanding.
What happened to Nexstar Media Group’s price movement after its last earnings report?
Nexstar Media Group reported an EPS of -$5.63 in its last earnings report, missing expectations of $3.723. Following the earnings report the stock price went up 5.857%.
Which hedge fund is a major shareholder of Nexstar Media Group?
Currently, no hedge funds are holding shares in NXST
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Nexstar Media Group Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$276.40 (11.56% Upside)
$276.40 (11.56% Upside)
Blogger Sentiment
Bullish
NXST Sentiment 66%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 15.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.9%
Last 30 Days ▲ 19.6%
Last 30 Days ▲ 19.6%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
48.95%
12-Months-Change
Fundamentals
Return on Equity
4.92%
Trailing 12-Months
Asset Growth
-5.47%
Trailing 12-Months
Company Description
Nexstar Media Group
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 other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. 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.
NXST Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a balanced picture: material near‑term revenue and cash‑flow pressure driven by the absence of 2024 election‑period political advertising led to significant YoY declines in Q4 advertising revenue, adjusted EBITDA and adjusted free cash flow. Offsetting these short‑term headwinds are several strategic and operational positives — strong audience growth at The CW and NewsNation, continued digital revenue acceleration (expected to exceed national ad revenue in 2026), successful distribution and affiliation renewals, disciplined cost‑reduction initiatives, and a constructive guidance range for 2026 adjusted EBITDA ($1.95B–$2.05B). The company is also actively progressing the TEGNA transaction (submitted HSR and FCC filings) which management views as transformational but that brings one‑time costs and near‑term cash deployment. Overall, the narrative is one of strategic execution and positioning for growth amid temporary cyclical weakness tied to the election advertising timing.View all NXST earnings summariesNXST Stock 12 Month Forecast
Average Price Target
$276.40
▲(11.56% Upside)
Technical Analysis
Ownership Overview
6.58% Insiders
36.35% Mutual Funds
15.27% Other Institutional Investors
10.55% Public Companies and
Individual Investors