News coverage about New Media Investment Group (NYSE:NEWM) has been trending positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Media Investment Group earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0716906247382 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
Separately, BidaskClub upgraded New Media Investment Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd.
New Media Investment Group (NYSE:NEWM) remained flat at $15.45 during midday trading on Friday. 21,328 shares of the stock were exchanged. The stock has a 50-day moving average price of $14.74 and a 200-day moving average price of $13.78. New Media Investment Group has a 12-month low of $11.87 and a 12-month high of $17.19. The firm’s market cap is $816.76 million.
New Media Investment Group (NYSE:NEWM) last announced its earnings results on Thursday, July 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.59). The business had revenue of $322.90 million for the quarter, compared to analyst estimates of $320.54 million. New Media Investment Group had a negative net margin of 0.64% and a positive return on equity of 2.22%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, analysts predict that New Media Investment Group will post ($0.03) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Wednesday, November 8th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.58%. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, November 7th. New Media Investment Group’s dividend payout ratio (DPR) is -1,272.73%.
In other news, CEO Michael Reed purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average cost of $13.60 per share, for a total transaction of $272,000.00. Following the completion of the purchase, the chief executive officer now owns 235,769 shares of the company’s stock, valued at $3,206,458.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.34% of the stock is currently owned by company insiders.
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About New Media Investment Group
New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.
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