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Last $44.20 USD
Change Today -2.28 / -4.91%
Volume 332.4K
NXST On Other Exchanges
Symbol
Exchange
Munich
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

nexstar broadcasting group-a (NXST) Snapshot

Open
$45.44
Previous Close
$46.48
Day High
$46.16
Day Low
$43.89
52 Week High
07/21/15 - $60.31
52 Week Low
10/13/14 - $36.41
Market Cap
1.4B
Average Volume 10 Days
481.4K
EPS TTM
$2.52
Shares Outstanding
31.6M
EX-Date
08/12/15
P/E TM
17.5x
Dividend
$0.76
Dividend Yield
1.63%
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: $3.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $973.8K
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $830.4K
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $830.4K
Chief Revenue Officer and Executive Vice Pres...
Total Annual Compensation: $666.2K
Compensation as of Fiscal Year 2014.

nexstar broadcasting group-a (NXST) Key Developments

Nexstar Broadcasting Group, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Provides Free Cash Flow and Capex Guidance for the Year 2015

Nexstar Broadcasting Group, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of $221,322,000, income from operations of $52,542,000, income before income taxes of $32,001,000, net income attributable to company of $20,321,000 or $0.63 per diluted share, adjusted EBITDA of $74,887,000 compared to the net revenue of $146,930,000, income from operations of $34,942,000, income before income taxes of $19,405,000, net income attributable to company of $10,944,000 or $0.34 per diluted share, adjusted EBITDA of $49,600,000 for the same quarter a year ago. Free cash flow was $50,069,000 against $30,378,000 a year ago. Core revenue was $132,784,000 against $96,536,000 a year ago. CapEx was at $5.7 million compared to the year-ago quarter of $5.1 million. For the six months period, the company reported net revenue of $22,157,000, income from operations of $90,446,000, income before income taxes of $50,494,000, net income attributable to of $33,228,000 or $1.03 per diluted share, adjusted EBITDA of $138,932,000 compared to the net revenue of $280,763,000, income from operations of $62,642,000, income before income taxes of $31,807,000, net income attributable to of $18,297,000 or $0.57 per diluted share, adjusted EBITDA of $91,708,000 for the same period a year ago. Free cash flow was $93,022,000 against $55,633,000 a year ago. Core revenue was $252,886,000 against $189,367,000 a year ago. Capex was $11.2 million. The company expects 2015 to mark the company’s fourth consecutive year of record free cash flow as the company prepare for what are expected to be record levels of political advertising in 2016. Proforma free cash flow was expected to be approximately $456 million for the full year cycle, or average pro forma free cash flow of approximate $7.30 per share per year. Budgeted CapEx remain at approximately $25 million inclusive of the required investment in the new affiliations in Waco and Lafayette.

Nexstar Broadcasting Group Eyes Acquisitions

Nexstar Broadcasting Group, Inc. (NasdaqGS:NXST) intends to make acquisitions. Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar said: "In summary, Nexstar's ongoing operating execution and discipline in managing costs, combined with select accretive station transactions have positioned the Company to achieve record revenue and free cash flow in 2015, 2016 and beyond. Importantly, our station platform now reaches approximately 18% of all U.S. television households. As such there remains considerable opportunity for Nexstar to further expand our platform through additional accretive station and digital media acquisitions and we remain active and engaged on this front. At the same time, our focus on the capital structure and cost of capital have positioned Nexstar with the financial flexibility to simultaneously further consolidate mid-sized markets and return capital to shareholders while maintaining a favorable leverage profile, which, pro-forma for the completion of all announced transactions is expected to result in a total leverage ratio of approximately 3.0 times at year-end 2016."

Nexstar Broadcasting Group, Inc. Appoints Chris Pruitt as Vice President and General Manager of Central Texas Television and Digital Operations

Nexstar Broadcasting Group, Inc. announced that Chris Pruitt has been appointed Vice President and General Manager of KWKT-TV (FOX), KYLE-TV (MyNetworkTV) and associated digital services, including Estrella TV and community web portal MyCenTX.com serving the Waco, Temple and Bryan, TX market DMA (#87). Mr. Pruitt will assume his new responsibilities immediately and report to Julie Pruett, Senior Vice President of Nexstar Broadcasting. Before his return to Nexstar, he served as VP and General Manager of KMVT-TV (CBS/CW) and KSVT-TV (FOX) in Twin Falls, ID for five years where he successfully directed the stations.

 

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Industry Analysis

NXST

Industry Average

Valuation NXST Industry Range
Price/Earnings 18.8x
Price/Sales 1.9x
Price/Book 16.2x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful
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