Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
NXST logo NXST
Upturn stock ratingUpturn stock rating
NXST logo

Nexstar Broadcasting Group Inc (NXST)

Upturn stock ratingUpturn stock rating
$172.95
Last Close (24-hour delay)
Profit since last BUY-0.73%
upturn advisory
Consider higher Upturn Star rating
BUY since 31 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: NXST (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

10 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $197.46

Year Target Price $197.46

Analyst’s Price TargetsFor last 52 week
$197.46Target price
Low$140.17
Current$172.95
high$185.62

Analysis of Past Performance

Type Stock
Historic Profit -45.47%
Avg. Invested days 20
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.20B USD
Price to earnings Ratio 8.79
1Y Target Price 197.46
Price to earnings Ratio 8.79
1Y Target Price 197.46
Volume (30-day avg) 10
Beta 1.03
52 Weeks Range 140.17 - 185.62
Updated Date 06/29/2025
52 Weeks Range 140.17 - 185.62
Updated Date 06/29/2025
Dividends yield (FY) 4.31%
Basic EPS (TTM) 19.63

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 12.23%
Operating Margin (TTM) 18.48%

Management Effectiveness

Return on Assets (TTM) 6.77%
Return on Equity (TTM) 26.67%

Valuation

Trailing PE 8.79
Forward PE 12.84
Enterprise Value 11482474982
Price to Sales(TTM) 0.97
Enterprise Value 11482474982
Price to Sales(TTM) 0.97
Enterprise Value to Revenue 2.14
Enterprise Value to EBITDA 5.42
Shares Outstanding 30148900
Shares Floating 28105987
Shares Outstanding 30148900
Shares Floating 28105987
Percent Insiders 6.74
Percent Institutions 100.12

Analyst Ratings

Rating 4
Target Price 197.46
Buy 1
Strong Buy 6
Buy 1
Strong Buy 6
Hold 3
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Nexstar Broadcasting Group Inc

stock logo

Company Overview

overview logo History and Background

Nexstar Broadcasting Group, Inc. was founded in 1996 by Perry Sook. It has grown through acquisitions, becoming one of the largest television broadcasting companies in the US. Significant milestones include acquiring Tribune Media in 2019 and expanding its digital media presence.

business area logo Core Business Areas

  • Broadcasting: Owns, operates, programs, or provides sales and other services to television stations. It generates revenue through advertising sales, retransmission fees, and digital operations.
  • Digital: Operates websites and digital platforms affiliated with its television stations, generating revenue through online advertising.
  • Political Advertising: Advertising Revenue derived from political races.

leadership logo Leadership and Structure

Perry Sook is the Chairman and Chief Executive Officer. The company has a standard corporate structure with executive leadership overseeing various operational divisions.

Top Products and Market Share

overview logo Key Offerings

  • Local News Programming: Nexstar stations produce and broadcast local news, attracting viewers and advertisers. Competitors include Sinclair Broadcast Group, Hearst Television, and other local broadcasters. Revenue from Local News Programming and political advertisments contribute significantly to revenue.
  • Network Affiliations: Nexstar stations are affiliated with major networks like CBS, NBC, ABC, and Fox, providing programming and generating revenue from advertising. Competitors include TEGNA and Gray Television.
  • Retransmission Fees: Nexstar receives fees from cable and satellite providers for the right to retransmit its broadcast signals. The number of subscribers determines revenue in this market.

Market Dynamics

industry overview logo Industry Overview

The broadcast television industry is evolving, facing challenges from cord-cutting and the rise of streaming services. Consolidation is common, with larger companies acquiring smaller stations to gain scale. Political advertising is a cyclical revenue source.

Positioning

Nexstar is a leading player in the broadcast television industry, with a large portfolio of stations across the US. Its competitive advantages include its scale, local news expertise, and strong network affiliations.

Total Addressable Market (TAM)

The estimated total addressable market is in the billions of USD, encompassing advertising revenue, retransmission fees, and digital revenue streams. Nexstar is positioned to capture a significant share of this market through its extensive station portfolio and diversified revenue sources.

Upturn SWOT Analysis

Strengths

  • Large portfolio of television stations
  • Strong local news presence
  • Diversified revenue streams (advertising, retransmission fees, digital)
  • Experienced management team
  • Relationship with Main Networks

Weaknesses

  • Dependence on advertising revenue, which can be cyclical
  • Exposure to cord-cutting and declining viewership
  • High debt levels from acquisitions
  • Vulnerability to cyberattacks
  • Dependence on political advertising for revenue

Opportunities

  • Expanding digital media offerings
  • Acquiring additional television stations
  • Increasing retransmission fees
  • Leveraging local news expertise for new revenue streams
  • Growth in connected TV advertising

Threats

  • Continued cord-cutting
  • Increased competition from streaming services
  • Economic downturn impacting advertising revenue
  • Changes in regulations affecting retransmission fees
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • TEGNA Inc. (TGNA)
  • Gray Television, Inc. (GTN)
  • Sinclair Broadcast Group, Inc. (SBGI)

Competitive Landscape

Nexstar benefits from its large scale and strong local news presence. It competes with other broadcast groups for advertising revenue and retransmission fees. The competitive landscape is consolidating, with larger companies gaining market share.

Major Acquisitions

Tribune Media

  • Year: 2019
  • Acquisition Price (USD millions): 7200
  • Strategic Rationale: Expanded Nexstar's station portfolio and strengthened its competitive position in key markets.

Growth Trajectory and Initiatives

Historical Growth: Nexstar has grown significantly through acquisitions, expanding its station portfolio and revenue base.

Future Projections: Analyst projections anticipate continued growth in revenue and earnings, driven by digital initiatives and retransmission fee negotiations. However, cord-cutting and economic conditions remain key uncertainties.

Recent Initiatives: Recent initiatives include expanding its digital offerings, investing in local news programming, and negotiating favorable retransmission agreements.

Summary

Nexstar is a large broadcasting company leveraging local news and network affiliations. Strong retransmission fees are beneficial. Economic conditions and cord-cutting pose challenges. Strategic initiatives around digital will determine future success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports
  • Analyst Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market share data is approximate and based on publicly available information. Financial data is not real-time and requires API access for accurate updates.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Nexstar Broadcasting Group Inc

Exchange NASDAQ
Headquaters Irving, TX, United States
IPO Launch date 2003-11-24
Founder, Chairman & CEO Mr. Perry A. Sook
Sector Communication Services
Industry Broadcasting
Full time employees 11773
Full time employees 11773

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, 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. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels from The CW and The Hill, BestReviews, and advertising solutions. Additionally, the company engages in the digital business; and management of real estate assets, including leasing of owned office and production facilities. 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.