Equities analysts expect New York Times Co (NYSE:NYT) to post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for New York Times’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.33. New York Times reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 20.5%. The company is scheduled to report its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that New York Times will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.77 to $0.81. For the next year, analysts anticipate that the company will post earnings of $1.00 per share, with EPS estimates ranging from $0.99 to $1.00. Zacks’ EPS calculations are an average based on a survey of research firms that cover New York Times.
New York Times (NYSE:NYT) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. New York Times had a net margin of 0.79% and a return on equity of 15.14%. The business had revenue of $417.30 million during the quarter, compared to the consensus estimate of $409.80 million. During the same quarter last year, the firm posted $0.13 EPS. New York Times’s revenue was up 7.9% compared to the same quarter last year.
Several research firms recently issued reports on NYT. Zacks Investment Research reissued a “hold” rating on shares of New York Times in a research report on Wednesday, November 14th. Barclays downgraded shares of New York Times from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Tuesday, November 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on shares of New York Times to $32.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Finally, ValuEngine raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.33.
NYSE NYT traded down $0.62 during mid-day trading on Wednesday, hitting $26.46. The company’s stock had a trading volume of 2,888,669 shares, compared to its average volume of 1,871,854. New York Times has a twelve month low of $17.50 and a twelve month high of $28.72. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.43 billion, a P/E ratio of 33.08, a PEG ratio of 3.99 and a beta of 1.13.
In other New York Times news, CEO Mark Thompson sold 40,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $25.90, for a total transaction of $1,036,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert E. Denham sold 3,492 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $27.84, for a total value of $97,217.28. Following the transaction, the director now owns 45,237 shares in the company, valued at $1,259,398.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,492 shares of company stock worth $3,190,617. Company insiders own 5.20% of the company’s stock.
A number of large investors have recently modified their holdings of the business. CSat Investment Advisory L.P. bought a new stake in shares of New York Times during the 2nd quarter worth $120,000. Adviser Investments LLC bought a new stake in shares of New York Times during the 2nd quarter worth $190,000. Tower Research Capital LLC TRC raised its stake in shares of New York Times by 296.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,322 shares of the company’s stock worth $193,000 after purchasing an additional 6,221 shares during the period. D.A. Davidson & CO. bought a new stake in shares of New York Times during the 2nd quarter worth $201,000. Finally, Man Group plc bought a new stake in shares of New York Times during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
New York Times Company Profile
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
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