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

According to Zacks, analysts expect that New York Times will report full year sales of $468.15 million for the current year. For the next financial year, analysts expect that the business will post sales of $1.69 billion per share, with estimates ranging from $1.67 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow New York Times.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The business had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Jefferies Group reissued a “hold” rating and set a $18.00 target price on shares of New York Times in a research note on Monday, October 16th. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, November 3rd. Finally, ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.45.

Shares of New York Times (NYT) opened at $17.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 1.83. New York Times has a 1 year low of $13.00 and a 1 year high of $20.15. The firm has a market cap of $3,024.23, a PE ratio of 25.90 and a beta of 1.64.

A number of institutional investors have recently modified their holdings of NYT. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of New York Times by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock valued at $111,000 after buying an additional 673 shares in the last quarter. PNC Financial Services Group Inc. increased its position in New York Times by 6.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after acquiring an additional 429 shares in the last quarter. Teacher Retirement System of Texas increased its position in New York Times by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock valued at $183,000 after acquiring an additional 180 shares in the last quarter. Sei Investments Co. increased its position in New York Times by 93.3% in the 2nd quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock valued at $183,000 after acquiring an additional 4,990 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of New York Times in the 3rd quarter valued at about $192,000. 67.92% of the stock is owned by hedge funds and other institutional investors.

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About New York Times

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 (NYSE:NYT)

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