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Friday, September 29, 2023

There’s No Need To Panic Or Freeze When It Comes To Nexstar Media Group Inc. (NASDAQ: NXST)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Nexstar Media Group Inc. (NXST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $5.05, or 3.37%, to $155.12. The Nexstar Media Group Inc. has recorded 3,445 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that DIRECTV and Nexstar Media Group, Inc., Reach New Multi-Year Distribution Agreement.

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Stocks Info

The company is listed on the NASDAQ and operates within the Entertainment industry segment. At the end of the last regular session, the stock closed at $150.07 and fluctuated between $153.00 as its day high and $148.43 as its day low. The current market capitalization of Nexstar Media Group Inc. is $5.47B. A total of 0.58 million shares were traded on the day, compared to an average of 424.28K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NXST has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 68,750 and the disposition of 34,786 shares. Over the last 12 months, there were 77 BUYs and 63 SELLs from insiders. Insiders purchased 433,624 shares during that period but sold 243,020.

In the most recent transaction, Carter Thomas sold 5,000 shares of NXST for 165.50 per share on Aug 31. After the transaction, the Senior Advisor now owns 76,920 company shares. In a previous transaction on Aug 15, Gliha Lee Ann sold 910 shares at 160.03 per share. NXST shares that EVP, Chief Financial Officer owns now total 4,476.

Among the insiders who sold shares, Morgan Rachel disposed of 937 shares on Jun 28 at a per-share price of $163.77. This resulted in the EVP General Counsel holding 2,813 shares of NXST after the transaction. In another insider transaction, Russell Blake sold 3,000 shares at $167.89 per share on Jun 27. Company shares held by the EVP, Station Operations now total 27,897.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Nexstar Media Group Inc. pays an annual dividend of $5.40, resulting in a dividend yield of 3.60%, and it has a price to earnings (P/E) ratio of 8.24. NXST’s most recent ex-dividend date was 8/9/2023 when it declared a $1.35 quarterly dividend that was paid in cash on 8/24/2023. Previously, the company paid the dividend on 5/26/2023 with an ex-dividend date of 5/11/2023. The NXST stock dividend was $1.35 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NXST in the last 3 months, the mean price target is $212.78 with high estimates of $235.00 and low estimates of $175.00. In terms of 52-week highs and lows, NXST has a high of $217.76 and a low of $133.09.

As of this writing, NXST has an earnings estimate of $1.56 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.96 per share and a lower estimate of $1.26. The company reported an EPS of $2.97 in the last quarter, which was 11.20% higher than expectations of $2.67.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NXST’s latest balance sheet shows that the firm has $190.87M in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $787.29M in liabilities at the time. Its Book Value Per Share was $71.06, while its Total Shareholder’s Equity was $2.86B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NXST is Buy with a score of 4.67.

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