New York Times Company (The) (NYT) Scheduled to Post Quarterly Earnings on Tuesday
New York Times Company (The) (NYSE:NYT) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
New York Times Company (The) (NYSE:NYT) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $393.07 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, analysts expect New York Times Company (The) to post $0.72 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Shares of New York Times Company (NYSE NYT) opened at 19.55 on Tuesday. New York Times Company has a one year low of $10.60 and a one year high of $20.15. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 49.75 and a beta of 1.78. The firm’s 50-day moving average is $19.33 and its 200-day moving average is $17.83.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 3rd. New York Times Company (The)’s payout ratio is 40.00%.
Several research analysts have commented on the company. Zacks Investment Research downgraded New York Times Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and set a $18.00 target price on shares of New York Times Company (The) in a research note on Monday, October 16th. Finally, Barclays PLC boosted their target price on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. New York Times Company (The) presently has a consensus rating of “Hold” and an average target price of $15.95.
In other New York Times Company (The) news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $19.27, for a total transaction of $10,049,305.00. Following the completion of the transaction, the insider now owns 19,353,000 shares of the company’s stock, valued at $372,932,310. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total value of $2,620,914.17. Following the transaction, the chief financial officer now directly owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.
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New York Times Company (The) Company Profile
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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