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How to buy Nexstar Broadcasting Group stock (NXST)

Buy Nexstar Broadcasting Group stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Nexstar Broadcasting Group is an entertainment business based in the US. Nexstar Broadcasting Group shares (NXST) are listed on the NASDAQ and all prices are listed in US Dollars. Nexstar Broadcasting Group employs 11,877 staff and has a trailing 12-month revenue of around $5 billion.

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Nexstar Broadcasting Group stock price (NASDAQ: NXST)

Use our graph to track the performance of NXST stocks over time.

Nexstar Broadcasting Group shares at a glance

Information last updated 2024-07-21.
Latest market close$177.68
52-week range$128.39 - $185.42
50-day moving average $164.33
200-day moving average $159.89
Wall St. target price$205.00
PE ratio 14.8117
Dividend yield $5.74 (3.85%)
Earnings per share (TTM) $11.84

Is it a good time to buy Nexstar Broadcasting Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Nexstar Broadcasting Group price performance over time

Historical closes compared with the close of $177.68 from 2024-07-23

1 week (2024-07-17) -2.19%
1 month (2024-06-24) 12.60%
3 months (2024-04-24) 8.27%
6 months (2024-01-24) 3.30%
1 year (2023-07-24) -1.66%
2 years (2022-07-20) N/A
3 years (2021-07-23) 23.48%
5 years (2019-07-24) 82.18%

Is Nexstar Broadcasting Group stock undervalued or overvalued?

Valuing Nexstar Broadcasting Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nexstar Broadcasting Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Nexstar Broadcasting Group's P/E ratio

Nexstar Broadcasting Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Nexstar Broadcasting Group shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Nexstar Broadcasting Group's PEG ratio

Nexstar Broadcasting Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.348. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nexstar Broadcasting Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Nexstar Broadcasting Group's EBITDA

Nexstar Broadcasting Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.4 billion.

The EBITDA is a measure of a Nexstar Broadcasting Group's overall financial performance and is widely used to measure a its profitability.

Nexstar Broadcasting Group financials

Revenue TTM $5 billion
Operating margin TTM 22.12%
Gross profit TTM $3.2 billion
Return on assets TTM 4.42%
Return on equity TTM 13.96%
Profit margin 8.27%
Book value $70.25
Market Capitalization $5.8 billion

TTM: trailing 12 months

Nexstar Broadcasting Group share dividends

51%

Dividend payout ratio: 51.44% of net profits

Recently Nexstar Broadcasting Group has paid out, on average, around 51.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.85% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nexstar Broadcasting Group shareholders could enjoy a 3.85% return on their shares, in the form of dividend payments. In Nexstar Broadcasting Group's case, that would currently equate to about $5.74 per share.

Nexstar Broadcasting Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Nexstar Broadcasting Group's most recent dividend payout was on 23 May 2024. The latest dividend was paid out to all shareholders who bought their shares by 8 May 2024 (the "ex-dividend date").

Nexstar Broadcasting Group share price volatility

Over the last 12 months, Nexstar Broadcasting Group's shares have ranged in value from as little as $128.3938 up to $185.42. A popular way to gauge a stock's volatility is its "beta".

NXST.US volatility(beta: 1.5)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Nexstar Broadcasting Group's is 1.495. This would suggest that Nexstar Broadcasting Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Nexstar Broadcasting Group 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.

Frequently asked questions

What percentage of Nexstar Broadcasting Group is owned by insiders or institutions?
Currently 5.76% of Nexstar Broadcasting Group shares are held by insiders and 100.889% by institutions.
How many people work for Nexstar Broadcasting Group?
Latest data suggests 11,877 work at Nexstar Broadcasting Group.
When does the fiscal year end for Nexstar Broadcasting Group?
Nexstar Broadcasting Group's fiscal year ends in December.
Where is Nexstar Broadcasting Group based?
Nexstar Broadcasting Group's address is: 545 East John Carpenter Freeway, Irving, TX, United States, 75062
What is Nexstar Broadcasting Group's ISIN number?
Nexstar Broadcasting Group's international securities identification number is: US65336K1034
What is Nexstar Broadcasting Group's CUSIP number?
Nexstar Broadcasting Group's Committee on Uniform Securities Identification Procedures number is: 65336K103

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