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Nexstar Media Group (NASDAQ:NXST) Inc’s stock reached an all-time high of 222.56 USD, reflecting robust investor confidence and strong market performance. According to InvestingPro data, the company maintains a "GREAT" overall financial health score of 3.13 out of 5, with particularly strong momentum and profitability metrics. Over the past year, Nexstar’s stock has delivered a 28.72% total return, while maintaining a healthy 3.61% dividend yield and impressive free cash flow yield of 20%. The company trades at an attractive P/E ratio of 10.5x earnings, suggesting potential value for investors. This milestone highlights Nexstar’s ability to navigate the competitive media landscape effectively, as it continues to expand its footprint and enhance its offerings. The stock’s rise to this new peak is indicative of positive market sentiment and the company’s strategic initiatives paying off. InvestingPro subscribers have access to 16 additional exclusive tips about Nexstar, including detailed insights about its dividend history and shareholder returns. Get the complete analysis with InvestingPro’s comprehensive research report, part of their coverage of 1,400+ top US stocks.
In other recent news, Nexstar Media Group announced a significant acquisition, agreeing to purchase TEGNA (NYSE:TGNA) Inc. for $6.2 billion in an all-cash transaction. This deal values TEGNA at $22.00 per share, offering a 31% premium over its average stock price over the past month. The acquisition has received unanimous approval from TEGNA’s board of directors and will result in a broadcasting entity with 265 full-power television stations across 44 states and the District of Columbia. In addition, Nexstar Media Group reported strong financial results for the second quarter of 2025. The company exceeded analyst expectations with an earnings per share of $3.06, compared to the forecasted $2.81. Revenue for the quarter reached $1.23 billion, slightly surpassing the anticipated $1.21 billion. These developments reflect investor confidence in Nexstar’s performance and strategic direction.
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