New Media Investment Group Inc. (NEWM) Set to Announce Earnings on Thursday
New Media Investment Group Inc. (NYSE:NEWM) will be posting its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect New Media Investment Group to post earnings of $0.12 per share for the quarter.
New Media Investment Group (NYSE:NEWM) last announced its quarterly earnings results on Thursday, July 27th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.59). The firm had revenue of $322.90 million for the quarter, compared to the consensus estimate of $320.54 million. New Media Investment Group had a negative net margin of 0.64% and a positive return on equity of 2.22%. New Media Investment Group’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. On average, analysts expect New Media Investment Group to post $-0.03 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
Shares of New Media Investment Group Inc. (NYSE:NEWM) opened at 15.55 on Thursday. The company’s market cap is $822.05 million. The company’s 50 day moving average is $14.52 and its 200 day moving average is $13.72. New Media Investment Group Inc. has a 12 month low of $11.87 and a 12 month high of $17.19.
Separately, BidaskClub upgraded shares of New Media Investment Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd.
TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/19/new-media-investment-group-inc-newm-set-to-announce-earnings-on-thursday.html.
In other news, CEO Michael Reed purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $13.60 per share, with a total value of $272,000.00. Following the completion of the acquisition, the chief executive officer now owns 235,769 shares of the company’s stock, valued at approximately $3,206,458.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.34% of the company’s stock.
About New Media Investment Group
New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.
Receive News & Ratings for New Media Investment Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Media Investment Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.