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

On average, 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 company will post sales of $1.69 billion per share, with estimates ranging from $1.67 billion to $1.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow New York Times.

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

A number of brokerages have weighed in on NYT. Jefferies Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of New York Times in a report on Monday, October 16th. ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded New York Times from a “buy” rating to a “hold” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. New York Times presently has an average rating of “Hold” and a consensus price target of $15.45.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New York Times by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock valued at $111,000 after acquiring an additional 673 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of New York Times by 6.9% during 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. Macquarie Group Ltd. acquired a new stake in shares of New York Times during the 3rd quarter valued at $192,000. D.A. Davidson & CO. boosted its holdings in shares of New York Times by 5,475.5% during the 2nd quarter. D.A. Davidson & CO. now owns 11,151 shares of the company’s stock valued at $197,000 after acquiring an additional 10,951 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of New York Times during the 2nd quarter valued at $239,000. 67.90% of the stock is currently owned by institutional investors.

Shares of New York Times (NYSE NYT) opened at $19.45 on Friday. The firm has a market capitalization of $3,160.00, a price-to-earnings ratio of 31.89 and a beta of 1.65. New York Times has a twelve month low of $13.00 and a twelve month high of $20.15. 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 also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, January 9th. New York Times’s dividend payout ratio (DPR) is 26.23%.

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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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