Last $46.38 USD
Change Today +0.74 / 1.62%
Volume 144.0K
NXST On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 3:04 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

nexstar broadcasting group-a (NXST) Snapshot

Open
$45.85
Previous Close
$45.64
Day High
$46.75
Day Low
$45.30
52 Week High
12/27/13 - $56.42
52 Week Low
03/18/14 - $32.20
Market Cap
1.4B
Average Volume 10 Days
300.8K
EPS TTM
$1.07
Shares Outstanding
30.9M
EX-Date
08/13/14
P/E TM
43.5x
Dividend
$0.60
Dividend Yield
1.23%
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 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 Group, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Provides Free Cash Flow Guidance for the Year 2014

Nexstar Broadcasting Group, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $146,930,000, income from operations of $34,942,000, income before income taxes of $19,405,000, net income of $10,944,000 or $0.34 per diluted share, adjusted EBITDA of $49,600,000 compared to the net revenue of $126,211,000, income from operations of $28,192,000, income before income taxes of $11,205,000, net income of $6,367,000 or $0.2 per diluted share, adjusted EBITDA of $42,946,000 for the same quarter a year ago. Adjusted EBITDA and free cash flow were impacted by approximately $1.4 million of onetime expenses related to legal and professional fees related to acquisitions and related activities. Core revenue was $96.5 million was up 1.3%, driven by a 5.6% growth in local revenue to $70.5 million. Free cash flow was $30,379,000 compared to $20,464,000 a year ago. Broadcast cash flow was $58,701,000 compared to $49,825,000 a year ago. For the six months period, the company reported net revenue of $280,763,000, income from operations of $62,642,000, income before income taxes of $31,807,000, net income of $18,297,000 or $0.57 per diluted share, adjusted EBITDA of $91,708,000 compared to the net revenue of $238,416,000, income from operations of $46,010,000, income before income taxes of $12,390,000, net income of $7,072,000 or $0.23 per diluted share, adjusted EBITDA of $76,010,000 for the same period a year ago. Free cash flow was $55,634,000 compared to $33,133,000 a year ago. Broadcast cash flow was $109,313,000 compared to $89,622,000 a year ago. The company expects to generate record free cash flow in 2014 based on advertising trends and rising political spending in the second half of the year, as well as contractual retransmission revenue growth and ever expanding digital media operations.

Nexstar Broadcasting Mulls Acquisitions

Nexstar Broadcasting Group, Inc. (NasdaqGS:NXST) is looking for acquisitions. Perry Sook, President and Chief Executive Officer of Nexstar Broadcasting Group, Inc. said, "Nexstar continues to actively and opportunistically identify acquisition targets and adhere to our criteria for accretion as we develop continued new, strong local platforms."

Nexstar Broadcasting Group, Inc. Declares Quarterly Cash Dividend Payable on August 29, 2014

Nexstar Broadcasting Group, Inc. announced that its board of directors declared a quarterly cash dividend of $0.15 per share of its Class A common stock. The dividend is payable on August 29, 2014, to shareholders of record on August 15, 2014.

 

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Industry Analysis

NXST

Industry Average

Valuation NXST Industry Range
Price/Earnings 100.0x
Price/Sales 2.6x
Price/Book 258.2x
Price/Cash Flow 13.3x
TEV/Sales 0.5x
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