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The New York Times Company (NYSE:NYT) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04, AnalystRatings.Net reports. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $384.73 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.

NYT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of The New York Times Company from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $17.00 price target on the stock. On a related note, analysts at Evercore Partners upgraded shares of The New York Times Company from an “equal” rating to a “weight” rating in a research note on Thursday, March 27th. They now have a $18.50 price target on the stock, up previously from $16.50. Finally, analysts at Evercore Partners upgraded shares of The New York Times Company from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 27th. They now have a $18.50 price target on the stock, up previously from $16.50. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.07.

The New York Times Company (NYSE:NYT) traded down 0.96% on Thursday, hitting $16.45. 182,844 shares of the company’s stock traded hands. The New York Times Company has a 1-year low of $8.71 and a 1-year high of $17.37. The stock has a 50-day moving average of $16.41 and a 200-day moving average of $14.78. The company has a market cap of $2.470 billion and a P/E ratio of 40.51.

The New York Times Company is a global media organization engaged in creating, collecting and distributing news and information.

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