Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Nexstar Media Group (NASDAQ:NXST) Inc. stock reached a 52-week high, trading at 193.21 USD, with an impressive market capitalization of $5.6 billion. InvestingPro analysis indicates the stock is currently undervalued, with strong financial health metrics and a favorable P/E ratio of 9.3x. This milestone comes as the stock has experienced a positive trajectory over the past year, with a notable 1-year change of 14.33%. The broadcasting company’s performance reflects strong investor confidence and robust market positioning, with a healthy dividend yield of ~4% and 12 consecutive years of dividend increases. As Nexstar Media Group continues to expand its media presence, the stock’s upward momentum underscores the company’s strategic growth initiatives. For deeper insights into Nexstar’s growth potential and 15 additional ProTips, visit InvestingPro.
In other recent news, Nexstar Media Group reported its Q1 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $3.37 compared to the forecasted $3.26. The company’s revenue was in line with projections, reaching $1.23 billion. In addition to financial performance, Nexstar Media Group has completed a significant refinancing of its credit facilities and term loans through its subsidiary Nexstar Media Inc. and Mission Broadcasting, Inc. This refinancing includes a new $750 million Nexstar revolving credit facility and a $75 million Mission revolving credit facility, both maturing in 2030, along with a $1.905 billion Nexstar Term Loan A due 2030 and a $1.300 billion Nexstar Term Loan B due 2032. Furthermore, Nexstar Media Group announced the promotion of Dan Lanzano to President of National Advertising Sales. Lanzano will oversee all aspects of the company’s national advertising efforts, including sales teams and research operations. These recent developments reflect Nexstar’s strategic moves to strengthen its financial position and leadership team.
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