Somewhat Negative Media Coverage Somewhat Unlikely to Impact New York Times Company (The) (NYT) Stock Price
News articles about New York Times Company (The) (NYSE:NYT) have trended somewhat negative this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York Times Company (The) earned a daily sentiment score of -0.06 on Accern’s scale. Accern also gave news coverage about the company an impact score of 42.6287197030485 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.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- The New York Times, Cadreon and m/SIX North America take home top honors at The Digital Trading… (thedrum.com)
- PRESS DIGEST- New York Times business news – Sept 22 (finance.yahoo.com)
- New York Times Company (The) to Issue Quarterly Dividend of $0.04 (NYT) (americanbankingnews.com)
- Singapore Press Market Value Falls Behind New York Times (2) (washpost.bloomberg.com)
- The New York Times Slips Grateful Dead & Phish References Into Facebook Video (jambase.com)
Shares of New York Times Company (NYT) opened at 19.45 on Friday. New York Times Company has a 12 month low of $10.60 and a 12 month high of $20.15. The stock’s 50 day moving average is $18.72 and its 200 day moving average is $16.96. The firm has a market cap of $3.15 billion, a PE ratio of 49.49 and a beta of 1.78.
New York Times Company (The) (NYSE:NYT) last issued its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The business had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $393.07 million. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts anticipate that New York Times Company will post $0.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Wednesday, October 4th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, October 3rd. New York Times Company (The)’s dividend payout ratio (DPR) is presently 40.00%.
Several analysts have recently issued reports on NYT shares. Zacks Investment Research cut shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Barclays PLC increased their price target on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.20.
In related news, CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the transaction, the chief financial officer now directly owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $19.27, for a total value of $10,049,305.00. Following the transaction, the insider now directly owns 19,353,000 shares in the company, valued at $372,932,310. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.
About New York Times Company (The)
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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