As of close of business last night, Nexstar Media Group Inc’s stock clocked out at $162.45, up 1.12% from its previous closing price of $160.65. In other words, the price has increased by $+1.80 from its previous closing price. On the day, 514347 shares were traded. NXST stock price reached its highest trading level at $163.45 during the session, while it also had its lowest trading level at $161.27.
Ratios:
To gain a deeper understanding of NXST’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.39. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 3.10 whereas as Long-Term Debt/Eq ratio is at 3.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on December 08, 2023, initiated with a Neutral rating and assigned the stock a target price of $158.
On November 09, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $227 to $175.
Rosenblatt Upgraded its Neutral to Buy on September 06, 2022, whereas the target price for the stock was revised from $181 to $246.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when COMPTON SEAN sold 3,000 shares for $162.61 per share. The transaction valued at 487,830 led to the insider holds 9,489 shares of the business.
McNabb Lisbeth sold 2,300 shares of NXST for $379,500 on Mar 06 ’24. The Director now owns 12,727 shares after completing the transaction at $165.00 per share. On Mar 05 ’24, another insider, SOOK PERRY A, who serves as the Chief Executive Officer of the company, sold 31,758 shares for $158.66 each. As a result, the insider received 5,038,585 and left with 636,788 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NXST now has a Market Capitalization of 5.43B and an Enterprise Value of 12.18B. As of this moment, Nexstar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.79, and their Forward P/E ratio for the next fiscal year is 9.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 2.47 whereas that against EBITDA is 6.81.
Stock Price History:
Over the past 52 weeks, NXST has reached a high of $187.32, while it has fallen to a 52-week low of $132.30. The 50-Day Moving Average of the stock is 167.53, while the 200-Day Moving Average is calculated to be 158.62.
Shares Statistics:
It appears that NXST traded 352.32K shares on average per day over the past three months and 455.07k shares per day over the past ten days. A total of 33.60M shares are outstanding, with a floating share count of 31.54M. Insiders hold about 5.64% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for NXST as of Feb 15, 2024 were 2.31M with a Short Ratio of 6.57, compared to 2.23M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.82% and a Short% of Float of 7.21%.
Dividends & Splits
With its trailing 12-month dividend rate of 5.40, NXST has a forward annual dividend rate of 5.74. Against a Trailing Annual Dividend Yield of 3.36%, it implies a Forward Annual Dividend Yield of 4.16%. The stock’s 5-year Average Dividend Yield is 2.12.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $3.94 for the current quarter, with a high estimate of $4.41 and a low estimate of $3.59, while EPS last year was $2.97. The consensus estimate for the next quarter is $4.49, with high estimates of $5.59 and low estimates of $3.31.
Analysts are recommending an EPS of between $30.05 and $20.92 for the fiscal current year, implying an average EPS of $26.21. EPS for the following year is $17.51, with 8 analysts recommending between $22.66 and $10.65.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $1.29B. It ranges from a high estimate of $1.31B to a low estimate of $1.28B. As of the current estimate, Nexstar Media Group Inc’s year-ago sales were $1.24B, an estimated increase of 4.30% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for NXST’s current fiscal year. The highest revenue estimate was $5.68B, while the lowest revenue estimate was $5.38B, resulting in an average revenue estimate of $5.57B. In the same quarter a year ago, actual revenue was $4.93B, up 12.90% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $5.16B in the next fiscal year. The high estimate is $5.31B and the low estimate is $4.75B. The average revenue growth estimate for next year is down -7.50% from the average revenue estimate for this year.
