Last $55.98 USD
Change Today +0.78 / 1.41%
Volume 294.5K
NXST On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

nexstar broadcasting group-a (NXST) Snapshot

Open
$55.43
Previous Close
$55.20
Day High
$56.19
Day Low
$54.83
52 Week High
02/26/15 - $59.45
52 Week Low
03/18/14 - $32.20
Market Cap
1.7B
Average Volume 10 Days
380.4K
EPS TTM
$2.06
Shares Outstanding
31.2M
EX-Date
02/11/15
P/E TM
27.2x
Dividend
$0.76
Dividend Yield
1.14%
Current Stock Chart for NEXSTAR BROADCASTING GROUP-A (NXST)

nexstar broadcasting group-a (NXST) Related Businessweek News

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nexstar broadcasting group-a (NXST) Details

Nexstar Broadcasting Group, Inc. operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences. It also provides sales, programming, and other services through various local service agreements to 23 stations and 3 digital multi-cast channels owned and/or operated by independent third parties. As of December 31, 2014, the company owned, operated, programmed, or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado, and Virginia. The company’s stations reach approximately 16.2 million viewers. Nexstar Broadcasting Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

3,110 Employees
Last Reported Date: 03/2/15
Founded in 1996

nexstar broadcasting group-a (NXST) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $2.8M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $823.7K
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $729.2K
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $729.2K
Senior Vice President of Station Operations
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2013.

nexstar broadcasting group-a (NXST) Key Developments

Nexstar Broadcasting Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capex Guidance for the Full Year of 2015

Nexstar Broadcasting Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $192,804,000 against $138,122,000 a year ago. Income from operations was $68,899,000 against $32,078,000 a year ago. Income before income tax expense was $52,850,000 against loss before income tax expense of $18,696,000 a year ago. Net income was $30,849,000 or $0.96 diluted per share against net loss of $12,452,000 or $0.41 basic and diluted per share a year ago. Broadcast cash flow was $94,500,000 against $55,311,000 a year ago. Adjusted EBITDA was $85,611,000 against $49,266,000 a year ago. Free cash flow was $65,231,000 against $30,199,000 a year ago. Capital expenditures were $6,478,000 against $4,387,000 a year ago. Core revenue was $108.3 million versus $107.9 million the previous year. For the year, the company reported net revenue of $631,311,000 against $502,330,000 a year ago. Income from operations was $173,237,000 against $103,241,000 a year ago. Income before income tax expense was $110,651,000 against $815,000 a year ago. Net income was $64,550,000 or $2.02 diluted per share against net loss of $1,785,000 or $0.06 basic and diluted per share a year ago. Broadcast cash flow was $269,908,000 against $193,008,000 a year ago. Adjusted EBITDA was $234,734,000 against $166,669,000 a year ago. Free cash flow was $159,734,000 against $84,921,000 a year ago. Capital expenditures were $20,300,000 against $18,736,000 a year ago. For the full year of 2015, the company is budgeting CapEx of approximately $24 million inclusive of upgrades in the fixed assets for acquired stations, their building and studio projects as well as HD news upgrades.

Nexstar Broadcasting Names Denise Mcmanus as Vice President and General Manager of Phoenix, Arizona Operations

Nexstar Broadcasting Group, Inc. announced that Denise McManus has been appointed Vice President and General Manager of KASW-TVand the station’s associated digital operations, serving the Phoenix, Arizona DMA. Ms. McManus’ appointment is effective immediately, and she will report to Brian Jones, Co-Chief Operating Officer of Nexstar Broadcasting. Nexstar agreed to acquire the assets of KASW-TV in October 2014 and the acquisition closed on January 30, 2015. Denise McManus has over 15 years of broadcast television and advertising experience with expertise in local and national marketing, new business development, and strategic planning. Prior to joining Nexstar, she was Vice President of Sales for Comcast NBC Universal’s Telemundo stations KTAZ-TV and KHRR-TV, serving the Phoenix and Tucson, AZ DMAs.

Nexstar Broadcasting Group, Inc. Approves Quarterly Cash Dividend for the First Quarter of 2015, Payable on February 27, 2015, to Shareholders of Record on February 13, 2015

Nexstar Broadcasting Group, Inc. announced that its Board of Directors approved a 26.7% increase in the quarterly cash dividend to $0.19 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2015. The dividend is payable on February 27, 2015, to shareholders of record on February 13, 2015.

 

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Industry Analysis

NXST

Industry Average

Valuation NXST Industry Range
Price/Earnings 27.5x
Price/Sales 2.7x
Price/Book 94.2x
Price/Cash Flow 12.6x
TEV/Sales 0.9x
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