New York Times (NYSE:NYT - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $725.93 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million during the quarter, compared to the consensus estimate of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. New York Times's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, analysts expect New York Times to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
New York Times Trading Down 0.5 %
Shares of NYSE:NYT traded down $0.29 during midday trading on Wednesday, hitting $53.97. The stock had a trading volume of 1,110,802 shares, compared to its average volume of 1,336,617. New York Times has a 1 year low of $41.55 and a 1 year high of $58.16. The stock has a 50 day moving average price of $53.44 and a two-hundred day moving average price of $54.07. The company has a market capitalization of $8.85 billion, a PE ratio of 31.94, a P/E/G ratio of 1.51 and a beta of 1.00.
New York Times Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, January 10th. New York Times's dividend payout ratio is presently 30.77%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on New York Times from $65.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on New York Times from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.83.
Check Out Our Latest Stock Analysis on New York Times
About New York Times
(
Get Free Report)
The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.
Recommended Stories
Before you consider New York Times, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Times wasn't on the list.
While New York Times currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
