During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Founder, Chairman & Chief Executive Officer Mike Biard - President & Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Conference Call Participants Dan Kurnos - Benchmark Benjamin Soff - Deutsche Bank Steven Cahall - Wells Fargo Jason Bazinet - Citibank Craig Huber - Huber Research Partners Jim Goss - Barrington Research Barton Crockett - Rosenblatt Operator Good day, and welcome to Nexstar Media Group's Third Quarter 2024 Conference Call. Today's call is being recorded.
Nexstar Media is fundamentally undervalued with a fair value of $245, presenting over 40% upside from current prices. Seasonal patterns, particularly during election years, show significant stock performance, possibly driven by political advertising revenue. Political advertising cashflows can fuel substantial buybacks, enhancing shareholder value and supporting the stock price.
Investors need to pay close attention to Nexstar Media (NXST) stock based on the movements in the options market lately.
Nexstar Media Group, which hired Turner veteran Michael Strober as EVP and Chief Revenue Officer in 2022, has eliminated his position. In an SEC filing Friday, the company said Strober had been notified that his role had been discontinued “in favor of a more streamlined organizational structure.
Nexstar Media Group was a top performer from 2012 to 2022 but currently trades at a low valuation (6x FCF) due to concerns about the shrinking linear TV industry. Within the linear TV industry, however, Nexstar Media is uniquely well-positioned and should therefore produce above-average results. Due to its low valuation, Nexstar does not need any growth to produce superior returns.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Joseph Jaffoni - IR Perry Sook - Founder, Chairman & CEO Michael Biard - President & COO Lee Ann Gliha - CFO Conference Call Participants Benjamin Soff - Deutsche Bank Daniel Kurnos - Benchmark Jason Bazinet - Citi Craig Huber - Huber Research Partners Steven Cahall - Wells Fargo James Goss - Barrington Research Operator Good day, and welcome to Nexstar Media Group's Second Quarter 2024 Conference Call. Today's call is being recorded.
Broadcast TV giant Nexstar Media Group undershot Wall Street analysts' estimates for the second quarter, but said losses are continuing to narrow at The CW. The company reported a 2% uptick in revenue in the second quarter to $1.27 billion, which was short of forecasts for $1.3 billion. Diluted earnings per share of $3.
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.