New York Times Company (The) (NYSE:NYT) Earning Somewhat Favorable News Coverage, Study Finds
News articles about New York Times Company (The) (NYSE:NYT) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York Times Company (The) earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 43.2809603516123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- WATCH: The NRA Wants To Fist The New York Times (leftwingnation.org)
- New York Times Cross Word: NRA Spokeswoman Denies Bizarre Threat to ‘Fist’ the Publication (newsweek.com)
- The New York Times Offers Propaganda Charter Cruise to Cuba (townhall.com)
- ‘We’re coming for you’: NRA attacks New York Times in provocative video (theguardian.com)
- NRA to ‘New York Times’: We’re coming for you (usatoday.com)
New York Times Company (NYSE NYT) remained flat at $19.15 during mid-day trading on Friday. 1,002,138 shares of the company traded hands. The firm has a 50-day moving average of $17.91 and a 200 day moving average of $15.91. New York Times Company has a one year low of $10.60 and a one year high of $20.15. The stock has a market cap of $3.09 billion, a PE ratio of 24.24 and a beta of 1.81.
New York Times Company (The) (NYSE:NYT) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. Equities research analysts expect that New York Times Company will post $0.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, July 10th. New York Times Company (The)’s payout ratio is currently 40.00%.
NYT has been the topic of several research reports. Zacks Investment Research lowered shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC boosted their price target on shares of New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Barclays PLC boosted their price target on shares of New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. New York Times Company (The) has an average rating of “Hold” and an average price target of $15.20.
In other news, SVP R Anthony Benten sold 13,200 shares of New York Times Company (The) stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $17.59, for a total transaction of $232,188.00. Following the sale, the senior vice president now owns 49,376 shares in the company, valued at $868,523.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of New York Times Company (The) stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $19.27, for a total transaction of $10,049,305.00. Following the sale, the insider now owns 19,353,000 shares in the company, valued at approximately $372,932,310. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
New York Times Company (The) 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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