Last $48.92 USD
Change Today -0.17 / -0.35%
Volume 298.1K
NXST On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 12:12 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

nexstar broadcasting group-a (NXST) Snapshot

Open
$49.10
Previous Close
$49.09
Day High
$50.00
Day Low
$48.77
52 Week High
12/27/13 - $56.42
52 Week Low
08/19/13 - $28.88
Market Cap
1.5B
Average Volume 10 Days
440.9K
EPS TTM
$0.93
Shares Outstanding
30.6M
EX-Date
05/14/14
P/E TM
52.6x
Dividend
$0.60
Dividend Yield
1.10%
Current Stock Chart for NEXSTAR BROADCASTING GROUP-A (NXST)

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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 25 stations and 6 digital multi-cast channels owned and/or operated by independent third parties. As of December 31, 2013, the company owned, operated, programmed, or provided sales and other services to 75 television stations and 18 digital multicast signals in 44 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, and Iowa. The company’s stations reach approximately 14.9 million viewers. Nexstar Broadcasting Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

2,854 Employees
Last Reported Date: 03/3/14
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 Announces Management Changes

Nexstar Broadcasting Group, Inc. announced that the Board of Directors has elected C. Thomas McMillen to serve on the Company's Board of Directors, as a Class I Director, to replace Royce Yudkoff who has resigned his position on the Board. Mr. McMillen satisfies the standards for director independence under the applicable rules of the SEC and the NASDAQ as well as the Company's Corporate Governance Guidelines. C. Thomas McMillen has over 27 years of political, business and sports experience and leadership and is currently the Chairman and Chief Executive Officer of Washington Capital Advisors. He is also a director of the RCS Capital., a publicly traded investment bank and broker-dealer and serves on the advisory board of Clean Energy Systems, Integrity Global Security. Nexstar also announced that effective July 1, the Board of Directors' Nominating and Governance Committee will be expanded to three directors from two directors with C. Thomas McMillen and current Director, Jay M. Grossman joining Committee Chair, I. Martin Pompadur. Current Director, Geoff Armstrong, will resign from the Nominating and Governance Committee and will continue to serve as the Chair of the Board's Compensation Committee and as a member of the Board's Audit Committee.

Nexstar Broadcasting Group, Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Nexstar Broadcasting Group, Inc. reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net revenues $5,449,848 compared with $4,654,270 for the same period last year. Loss from operations was $426,112 compared with $863,234 for the same period last year. Interest income was $145 compared with $585 for the same period last year. Net loss was $669,824 compared with $879,212 for the same period last year. Net cash provided by operating activities was $1,245,934 compared with net cash used in operating activities $282,800 for the same period last year. Purchases of property and equipment were $208,839 compared with $181,658 for the same period last year. For the year, the company reported net revenues of $19,904,171 compared with $19,298,052 for the same period last year. Loss from operations was $2,816,629 compared with $5,386,014 for the same period last year. Interest income was $1,463 compared with $11,873 for the same period last year. Loss from continuing operations before income taxes was $2,925,082 compared with $5,377,459 for the same period last year. Loss from continuing operations was $2,925,082 compared with $5,375,160 for the same period last year. Net loss was $2,870,291 compared with $5,375,160 for the same period last year. Net cash provided by operating activities was $35,847 compared with net cash used in operating activities $3,704,140 for the same period last year. Purchases of property and equipment were $94,890 compared with $157,553 for the same period last year.

Nexstar Broadcasting Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Financial Guidance for the Year 2014; Provides Free Cash Flow Guidance for the Year 2015

Nexstar Broadcasting Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $133,833,000 compared to $112,205,000 a year ago. Income from operations was $27,700,000 compared to $17,818,000 a year ago. Income before income taxes was $12,402,000 compared to $1,185,000 a year ago. Net income was $7,353,000 or $0.23 diluted per share compared to $705,000 or $0.02 basic and diluted per share a year ago. Adjusted EBITDA was $42,108,000 compared to $33,064,000 a year ago. Capital expenditures were $3,969,000 against $6,780,000 a year ago. The company cash flow was $50.6 million, a rise of 27.2%. For 2014, The company is budgeting capex of approximately $22 million, with approximately $2 million of that budgeted capex being earmarked for the pending acquisition -- for the stations to be acquired in the pending acquisitions. The company will generate free cash flow in excess of $350 million during 2014 and 2015 or average pro forma cash flow, free cash flow of approximately $5.85 per share per year, during this two year period.

 

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Industry Analysis

NXST

Industry Average

Valuation NXST Industry Range
Price/Earnings 100.0x
Price/Sales 2.9x
Price/Book NM Not Meaningful
Price/Cash Flow 14.7x
TEV/Sales 0.7x
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