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Nexstar Media Group Inc Stock Research

NXST

141.96USD-9.02(-5.97%)Market Closed
Watchlist

Market Summary

USD141.96-9.02
Market Closed
-5.97%

NXST Alerts

  • 2 major insider sales recently.
  • Big fall in earnings (Y/Y)

NXST Stock Price

NXST RSI Chart

NXST Valuation

Market Cap

5.0B

Price/Earnings (Trailing)

7.19

Price/Sales (Trailing)

0.96

EV/EBITDA

3.04

Price/Free Cashflow

4.56

NXST Price/Sales (Trailing)

NXST Profitability

EBT Margin

19.84%

Return on Equity

31.65%

Return on Assets

6.66%

Free Cashflow Yield

21.93%

NXST Fundamentals

NXST Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

-0.4%

Revenue Q/Q

-1.35%

NXST Earnings

Earnings (TTM)

699.0M

Earnings Y/Y

-57.71%

Earnings Q/Q

-13.51%

Price Action

52 Week Range

133.09191.08
(Low)(High)

Last 7 days

-5.1%

Last 30 days

-11.8%

Last 90 days

-11.2%

Trailing 12 Months

-24.9%

NXST Financial Health

Current Ratio

1.97

Debt/Equity

2.62

Debt/Cashflow

0.2

NXST Investor Care

Dividend Yield

3.17%

Dividend/Share (TTM)

4.5

Buy Backs (1Y)

11.99%

Diluted EPS (TTM)

18.26

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for NXST

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-06
Grossman Jay M.
acquired
920,600
46.03
20,000
-
2023-08-31
Carter Thomas
acquired
230,150
46.03
5,000
senior advisor
2023-08-31
Carter Thomas
sold
-827,502
165
-5,000
senior advisor
2023-08-15
Gliha Lee Ann
sold
-145,629
160
-910
evp, chief financial officer
2023-08-13
Gliha Lee Ann
acquired
405,225
162
2,500
evp, chief financial officer
2023-08-01
SOOK PERRY A
acquired
-
-
-
chief executive officer
2023-08-01
SOOK PERRY A
sold (taxes)
-4,480,780
182
-24,594
chief executive officer
2023-08-01
SOOK PERRY A
acquired
11,386,900
182
62,500
chief executive officer
2023-06-28
Morgan Rachel
sold
-153,450
163
-937
evp general counsel
2023-06-27
Morgan Rachel
acquired
629,569
167
3,750
evp general counsel

1–10 of 50

Which funds bought or sold NXST recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-30
Western Wealth Management, LLC
added
14.76
70,136
725,179
0.06%
2023-08-28
DELPHI MANAGEMENT INC /MA/
new
-
1,346,000
1,346,000
1.40%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-88,595
2,414,980
0.02%
2023-08-23
Stonebridge Capital Advisors LLC
reduced
-63.64
-6,224
3,331
-%
2023-08-23
WOLVERINE TRADING, LLC
new
-
295,709
295,709
-%
2023-08-22
COMERICA BANK
new
-
35,000
35,000
-%
2023-08-22
Asset Dedication, LLC
new
-
7,000
7,000
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-13.74
-379,831
1,882,020
0.02%
2023-08-21
JOHN G ULLMAN & ASSOCIATES INC
reduced
-2.86
-340,375
5,055,620
0.78%
2023-08-21
BOKF, NA
sold off
-100
-1,381
-
-%

1–10 of 46

Latest Funds Activity

Are funds buying NXST calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NXST
No. of Funds

Schedule 13G FIlings of Nexstar Media Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 10, 2023
neuberger berman group llc
4.49%
1,693,280
SC 13G/A
Feb 09, 2023
vanguard group inc
9.17%
3,459,083
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 03, 2023
blackrock inc.
8.9%
3,369,622
SC 13G
Feb 14, 2022
neuberger berman group llc
5.10%
2,085,124
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 16, 2021
park west asset management llc
1.4%
624,000
SC 13G/A
Feb 11, 2021
neuberger berman group llc
5.00%
2,200,583
SC 13G/A
Feb 10, 2021
vanguard group inc
8.52%
3,751,392
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A

Recent SEC filings of Nexstar Media Group

View All Filings
Date Filed Form Type Document
Sep 07, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Aug 31, 2023
144
Notice of Insider Sale Intent
Aug 22, 2023
3
Insider Trading
Aug 15, 2023
144
Notice of Insider Sale Intent
Aug 15, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 08, 2023
8-K
Current Report
Aug 08, 2023
10-Q
Quarterly Report
Aug 03, 2023
4
Insider Trading

Peers (Alternatives to Nexstar Media Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
67.3B
54.5B
6.69% 23.48%
14.05
1.23
2.60% -15.83%
15.8B
9.0B
-6.36% -29.66%
13.71
1.77
0.44% -8.55%
MID-CAP
6.8B
2.4B
-2.30% 40.39%
38.81
2.89
7.76% -7.72%
5.0B
5.3B
-11.83% -24.95%
7.19
0.96
8.13% -23.40%
3.6B
1.7B
-2.92% -36.18%
34.18
2.14
-1.31% -70.36%
3.4B
16.0B
0.16% -60.33%
1.87
0.21
-8.20% -13.13%
SMALL-CAP
1.5B
9.4B
10.82% -57.43%
-384.5
0.16
-6.01% -100.49%
768.6M
3.3B
-23.56% -49.69%
4.47
0.23
-34.89% -93.14%
507.2M
3.8B
-0.58% -65.62%
-0.38
0.13
1.55% -1758.48%
505.9M
3.0B
1.32% -50.39%
-81.95
0.17
-0.73% -101.96%
359.0M
484.6M
1.38% -10.26%
8.5
0.74
10.07% 1.46%
328.3M
1.0B
-3.36% -17.98%
34.51
0.31
23.24% -66.15%
148.2M
465.3M
-7.95% 15.24%
13.04
0.33
4.78% -97.25%
74.8M
900.6M
3.42% -45.04%
-5.32
0.08
-6.07% -126.59%

Nexstar Media Group News

GuruFocus.com
Is Nexstar Media Group (NXST) Too Good to Be True? A ....
GuruFocus.com,
12 hours ago
Investor's Business Daily
Yahoo Canada Finance
Investor's Business Daily

Returns for NXST

Cumulative Returns on NXST

16%


10-Year Cumulative Returns

17.5%


7-Year Cumulative Returns

13.6%


5-Year Cumulative Returns

14.2%


3-Year Cumulative Returns

Risks for NXST

What is the probability of a big loss on NXST?

62.3%


Probability that Nexstar Media Group stock will be more than 20% underwater in next one year

21.1%


Probability that Nexstar Media Group stock will be more than 30% underwater in next one year.

19.6%


Probability that Nexstar Media Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NXST drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nexstar Media Group was unfortunately bought at previous high price.

Drawdowns

Financials for Nexstar Media Group

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-0.1%5,2535,2585,2114,9704,8584,7454,6484,7794,7404,5234,5014,2253,7703,5043,0392,7372,7672,7782,7672,6222,541
Operating Expenses-----------------2,0242,0112,0092,0011,987
  S&GA Expenses-0.4%1,1161,1201,1021,0551,0521,0291,0241,018986937912899855806730628586580580561562
EBITDA-100.0%-1,5411,5431,5841,0471,4771,2781,5581,5661,2631,197736500493393------
EBITDA Margin-100.0%-0.29*0.30*0.32*0.22*0.31*0.27*0.33*0.33*0.28*0.27*0.17*0.13*0.14*0.13*------
Interest Expenses-9.3%-410-375-336-303-285-279-282-287-293-306-335-367-383-352-304-251-214-219-220-219-217
Earnings Before Taxes-18.0%8551,0431,2171,3001,1661,1381,0931,2571,2761,1411,105780560522373418519541533407346
EBT Margin-100.0%-0.20*0.23*0.26*0.24*0.24*0.24*0.26*0.27*0.25*0.25*0.18*0.15*0.15*0.12*------
Net Income-15.8%6998309711,032913886835935956855811560364332230270377396389615561
Net Income Margin-100.0%-0.16*0.19*0.21*0.19*0.19*0.18*0.20*0.20*0.19*0.18*0.13*0.10*0.09*0.08*------
Free Cashflow-100.0%-1,2141,2461,3731,2811,1381,0641,1069641,0981,037722657479220------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.2%12,31012,46412,67913,09812,91613,09113,26513,28313,28813,34813,40413,29113,54013,57513,99014,1037,03213,9907,0627,1197,119
  Current Assets-7.4%1,5731,6981,6151,6661,4551,4821,4131,3121,3931,3761,2101,3411,5431,5141,3521,436776744767766717
    Cash Equivalents-16.2%34641320434729234220721033035616942768145124933480.00129145118148
  Net PPE0.9%1,2671,2561,2621,4911,4931,5021,5131,5861,5921,6011,6051,5981,5811,5471,2901,257749740732724720
  Goodwill0%2,9612,9612,9613,0523,0523,0523,0523,0522,9832,9832,9612,8612,8814.002,9978962,1662,9972,1682,1872,185
Liabilities-0.7%9,7479,8119,91010,15010,04610,16910,40710,65010,66210,75710,86711,03611,33811,45911,93612,1535,0735,1985,1935,3675,477
  Current Liabilities-3.2%8368648939157467347877116397307316728229169481,094494430404367295
    LT Debt, Current0%12412412412412455.0047.0041.0034.0025.0021.0023.0060.0056.0010914395.0096.0096.0042.0042.00
    LT Debt, Non Current-0.4%6,7716,7996,8277,0537,1107,2057,3687,5067,5867,5677,6477,8607,9787,9918,3838,3933,6903,7973,8854,1064,246
Shareholder's Equity-4.1%2,5432,6532,7412,9262,8692,9212,8562,6332,6252,5912,5372,2552,2022,1162,0541,9501,9581,8991,8691,7521,642
  Retained Earnings1.6%3,1423,0943,0332,8642,6102,4192,2041,9641,8241,6591,4881,150984910779675702655620484401
  Additional Paid-In Capital-0.9%1,2631,2751,2881,2711,2581,2691,3111,3351,3271,3341,3631,3511,3411,3341,3541,3471,3371,3331,3521,3441,338
Shares Outstanding-1.7%35.0036.0037.0038.0040.0041.0041.0042.0043.0043.0044.0045.0045.0046.0046.0046.0046.0046.0046.0046.0046.00
Minority Interest-31.0%20.0029.0028.0022.00-0.606.007.0015.0015.0017.0018.0020.0021.00-22.00------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-7.6%1,2731,3781,4031,5181,4281,2861,2151,2581,1331,2871,254979898708417566656682737533315
  Share Based Compensation0%63.0063.0062.0056.0051.0048.0047.0047.0047.0049.0048.0046.0044.0041.0039.0037.0034.0033.0031.0029.0027.00
Cashflow From Investing-39.6%67.00111125-49.20-204-231-232-493-404-413-39.80140-4,343-4,337-4,702-4,608-101-88.23-175-173325
Cashflow From Financing9.4%-1,272-1,404-1,515-1,317-1,262-1,069-945-980-1,079-968-1,293-1,0264,0463,9514,3884,258-622-574-531-377-578
  Dividend Payments7.5%16715514213713112511811411010610197.0093.0088.0083.0079.0076.0072.0069.0065.0062.00
  Buy Backs-12.1%79089988175568457453748846833028226314529045.00---51.0051.0091.00

NXST Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues [Abstract]    
Net revenue$ 1,240$ 1,245$ 2,497$ 2,455
Operating expenses (income):    
Direct operating expenses, excluding depreciation and amortization5375021,075992
Selling, general and administrative expenses, excluding depreciation and amortization262266528514
Depreciation and amortization expense262143511288
Other   (2)
Total operating expenses1,0619112,1141,792
Income from operations179334383663
Income from equity method investments, net32365774
Interest expense, net(111)(76)(218)(145)
Pension and other postretirement plans credit, net10111922
Other expenses, net (7)(1)(12)
Income before income taxes110298240602
Income tax expense(35)(72)(77)(124)
Net income75226163478
Net loss attributable to noncontrolling interests211441
Net income attributable to Nexstar Media Group, Inc.$ 96$ 227$ 207$ 479
Net income per common share attributable to Nexstar Media Group, Inc.:    
Basic$ 2.68$ 5.66$ 5.71$ 11.8
Diluted$ 2.64$ 5.56$ 5.61$ 11.54
Weighted average number of common shares outstanding:    
Basic (in thousands)35,78840,20336,25040,572
Diluted (in thousands)36,31440,92836,87841,454

NXST Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 346$ 204
Restricted cash and cash equivalents1416
Accounts receivable, net of allowance for credit losses of $18 and $18, respectively9441,080
Broadcast rights114194
Prepaid expenses and other current assets155121
Total current assets1,5731,615
Property and equipment, net1,2671,262
Goodwill2,9612,961
FCC licenses2,9102,910
Intangible assets, net2,2872,434
Investments9271,119
Other noncurrent assets, net385378
Total assets[1]12,31012,679
Current liabilities:  
Current portion of debt124124
Accounts payable127198
Broadcast rights payable125151
Accrued expenses333319
Operating lease liabilities4950
Other current liabilities7851
Total current liabilities836893
Debt6,7716,827
Deferred tax liabilities1,5861,606
Other noncurrent liabilities554584
Total liabilities[1]9,7479,910
Commitments and contingencies (Note 13)
Stockholders' equity:  
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2023 and December 31, 2022
Common stock
Additional paid-in capital1,2631,288
Accumulated other comprehensive income2727
Retained earnings3,1423,033
Treasury stock - at cost; 11,901,423 and 10,472,637 shares as of June 30, 2023 and December 31, 2022, respectively(1,889)(1,607)
Total Nexstar Media Group, Inc. stockholders' equity2,5432,741
Noncontrolling interests2028
Total stockholders' equity2,5632,769
Total liabilities and stockholders' equity12,31012,679
Network affiliation agreements [Member]  
Current assets:  
Intangible assets, net1,7771,871
Other Intangible Assets [Member]  
Current assets:  
Intangible assets, net$ 510$ 563
[1]The condensed consolidated total assets as of June 30, 2023 and December 31, 2022 include certain assets held by consolidated VIEs of $304 million and $304 million, respectively, which are not available to be used to settle the obligations of Nexstar. The condensed consolidated total liabilities as of June 30, 2023 and December 31, 2022 include certain liabilities of consolidated VIEs of $148 million and $148 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additional information.
Perry A. Sook
12500
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.