Zacks: Analysts Expect New York Times Co (NYT) to Announce $0.12 Earnings Per Share

Equities analysts predict that New York Times Co (NYSE:NYT) will report earnings of $0.12 per share for the current quarter, according to Zacks. Two analysts have issued estimates for New York Times’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. New York Times reported earnings per share of $0.11 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that New York Times will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.94. For the next year, analysts expect that the company will post earnings of $1.04 per share, with EPS estimates ranging from $0.91 to $1.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for New York Times.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.09. New York Times had a net margin of 0.26% and a return on equity of 14.89%. The firm had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Jefferies Group restated a “hold” rating and issued a $18.00 target price on shares of New York Times in a report on Monday, October 16th. Barclays set a $20.00 target price on shares of New York Times and gave the stock a “hold” rating in a report on Sunday. Zacks Investment Research upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, January 31st. Finally, ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $21.33.

Shares of New York Times (NYSE NYT) traded up $0.05 during midday trading on Tuesday, hitting $24.15. 3,280,512 shares of the stock traded hands, compared to its average volume of 2,844,287. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. New York Times has a 52-week low of $14.08 and a 52-week high of $25.70. The firm has a market capitalization of $3,907.98, a price-to-earnings ratio of 1,207.50 and a beta of 1.85.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Wednesday, January 10th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. New York Times’s dividend payout ratio is presently 800.00%.

In other New York Times news, insider Carso S.A. De C.V. Inversora sold 90,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $24.13, for a total value of $2,171,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in New York Times by 1.5% in the 4th quarter. BlackRock Inc. now owns 13,324,101 shares of the company’s stock valued at $246,496,000 after buying an additional 202,707 shares during the last quarter. Vanguard Group Inc. increased its stake in New York Times 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 during the last quarter. State Street Corp increased its stake in New York Times 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 during the last quarter. Bank of New York Mellon Corp increased its stake in New York Times 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 during the last quarter. Finally, FMR LLC increased its stake in New York Times by 173.6% in the 2nd quarter. FMR LLC now owns 2,430,179 shares of the company’s stock valued at $43,014,000 after buying an additional 1,542,000 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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New York Times 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 (NYSE:NYT)

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