Analysts expect that New York Times Company (The) (NYSE:NYT) will report $468.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for New York Times Company (The)’s earnings. The lowest sales estimate is $467.60 million and the highest is $468.70 million. New York Times Company (The) reported sales of $439.65 million in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The business is scheduled to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that New York Times Company (The) will report full-year sales of $468.15 million for the current fiscal year. For the next financial year, analysts forecast that the firm will post sales of $1.69 billion per share, with estimates ranging from $1.67 billion to $1.71 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow New York Times Company (The).

New York Times Company (The) (NYSE:NYT) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $385.60 million for the quarter, compared to analysts’ expectations of $390.13 million. New York Times Company (The) had a net margin of 6.02% and a return on equity of 13.46%. New York Times Company (The)’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS.

A number of research firms recently commented on NYT. Zacks Investment Research cut shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price target on shares of New York Times Company (The) in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.45.

Shares of New York Times Company (NYSE:NYT) opened at $17.70 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The company has a market cap of $2,862.07, a P/E ratio of 24.51 and a beta of 1.67. New York Times Company has a 1-year low of $12.20 and a 1-year high of $20.15.

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A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in New York Times Company (The) by 0.5% in the 2nd quarter. BlackRock Inc. now owns 12,743,461 shares of the company’s stock valued at $225,560,000 after buying an additional 62,237 shares in the last quarter. Vanguard Group Inc. grew its stake in New York Times Company (The) by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock valued at $195,306,000 after buying an additional 664,069 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in New York Times Company (The) by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,248,409 shares of the company’s stock valued at $92,898,000 after buying an additional 34,980 shares in the last quarter. State Street Corp grew its stake in New York Times Company (The) by 2.3% in the 2nd quarter. State Street Corp now owns 4,112,961 shares of the company’s stock valued at $72,796,000 after buying an additional 90,840 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in New York Times Company (The) by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock valued at $71,933,000 after buying an additional 19,102 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

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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Earnings History and Estimates for New York Times Company (The) (NYSE:NYT)

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