Wells Fargo downgraded Nexstar from Overweight to Equal Weight and set a new price target of $175.00 from $227.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $200.00 → $190.00 | Buy → Hold | Loop Capital |
| 5/13/2024 | $190.00 → $221.00 | Equal Weight → Overweight | Wells Fargo |
| 12/8/2023 | $158.00 | Neutral | Citigroup |
| 11/9/2022 | $227.00 → $175.00 | Overweight → Equal Weight | Wells Fargo |
| 9/6/2022 | $181.00 → $246.00 | Neutral → Buy | Rosenblatt |
| 4/19/2022 | $180.00 | Neutral | Rosenblatt |
| 3/2/2022 | $187.00 → $216.00 | Buy | Deutsche Bank |
| 2/23/2022 | $200.00 → $225.00 | Buy | Benchmark |
Experienced Broadcast Executive and News Leader Will Direct Nexstar's National News Content in the Nation's Capital Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill, the nation's leading source of digital political news and analysis, and NewsNation, Nexstar's national cable news network. In this newly created position, Mr. Sammon will be responsible for directing Nexstar's national news content in the nation's capital, where he will be based. Mr. Sammon will report to Cherie Grzech, President and Managing Editor for News and Politics at NewsNation, and assume his new duties
Q3 Net Revenue Drives Net Income of $180 Million, Adjusted EBITDA(1) of $510 Million, Net Cash Provided by Operating Activities of $387 Million and Adjusted Free Cash Flow (1) of $327 Million All-Time High Third Quarter Distribution Revenue Reduced Year-over-Year Quarterly Losses at The CW by $36 Million Quarterly Return of Capital to Shareholders of $233 Million, Reducing Shares Outstanding by 3.1% Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the third quarter ended September 30, 2024 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend is payable on Friday, November 29, 2024, to shareholders of record on Friday, November 15, 2024. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Nexstar Media Group, Inc. Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its tele
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Experienced Broadcast Executive and News Leader Will Direct Nexstar's National News Content in the Nation's Capital Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill, the nation's leading source of digital political news and analysis, and NewsNation, Nexstar's national cable news network. In this newly created position, Mr. Sammon will be responsible for directing Nexstar's national news content in the nation's capital, where he will be based. Mr. Sammon will report to Cherie Grzech, President and Managing Editor for News and Politics at NewsNation, and assume his new duties
Experienced Washington Media and Communications Industry Advocate Will Represent Company's Interests in the Nation's Capital Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Washington, D.C., and media and telecommunications industry advocate Scott Weaver as the company's Senior Vice President of Government Relations. He will report directly to Nexstar's Chairman and Chief Executive Officer, Perry Sook, and will begin his new duties on September 5. In this newly created role, Mr. Weaver will work with Mr. Sook to set the company's legislative and regulatory priorities, represent Nexstar's interests to the executive branch of the federal government, Congress, and
Chief Financial Officer at IPG Brings Extensive Financial and Advertising Industry Expertise to the Board Nexstar Media Group, Inc. (NASDAQ:NXST) today announced the appointment of Ellen Johnson to its Board of Directors effective October 1, 2024. Ms. Johnson will serve as an independent director and will stand for election at the 2025 annual meeting of stockholders. Following her appointment, Nexstar will have 10 Board members, 9 of whom are independent and three of whom are women. Ms. Johnson currently serves as Executive Vice President, Chief Financial Officer of Interpublic Group of Companies (NYSE:IPG), one of the world's leading providers of marketing and advertising solutions. In
Loop Capital downgraded Nexstar from Buy to Hold and set a new price target of $190.00 from $200.00 previously
Wells Fargo upgraded Nexstar from Equal Weight to Overweight and set a new price target of $221.00 from $190.00 previously
Citigroup initiated coverage of Nexstar with a rating of Neutral and set a new price target of $158.00
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Q3 Net Revenue Drives Net Income of $180 Million, Adjusted EBITDA(1) of $510 Million, Net Cash Provided by Operating Activities of $387 Million and Adjusted Free Cash Flow (1) of $327 Million All-Time High Third Quarter Distribution Revenue Reduced Year-over-Year Quarterly Losses at The CW by $36 Million Quarterly Return of Capital to Shareholders of $233 Million, Reducing Shares Outstanding by 3.1% Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the third quarter ended September 30, 2024 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend is payable on Friday, November 29, 2024, to shareholders of record on Friday, November 15, 2024. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Nexstar Media Group, Inc. Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its tele
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2024 third quarter financial results on Thursday, November 7, 2024. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13748486 (domestic and international callers). Participants can also listen to a live webcast of the call through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at www.nexstar.tv. A webcast replay will be available for 90 days following the live event at www.nexstar.tv. Please call five minut
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Barrington Research analyst James Goss maintains Nexstar Media Gr (NASDAQ:NXST) with a Outperform and maintains $200 price target.
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Omnicom Group Inc. (NYSE:OMC) Dividend Yield: 3.05% JP Morgan analyst David
Nexstar Media Gr's (NYSE:NXST) short percent of float has fallen 7.28% since its last report. The company recently reported that it has 2.25 million shares sold short, which is 8.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter