Somewhat Positive News Coverage Somewhat Unlikely to Impact New Media Investment Group (NEWM) Share Price
Media stories about New Media Investment Group (NYSE:NEWM) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Media Investment Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.517558299755 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- New Media Investment Group, Inc. :NEWM-US: Earnings Analysis: Q3, 2017 By the Numbers : October 27, 2017 (finance.yahoo.com)
- New Media Announces Solid Third Quarter 2017 Results and … – Business Wire (press release) (businesswire.com)
- New Media Investment Group (NEWM) Raises Quarterly Dividend 5.7% to $0.37; 9.6% Yield – StreetInsider.com (streetinsider.com)
- New Media Announces Solid Third Quarter 2017 Results and Increases the Dividend to $0.37 per Common Share (finance.yahoo.com)
- New Media Investment reports 3Q loss (finance.yahoo.com)
New Media Investment Group (NYSE NEWM) traded down 1.508% on Monday, hitting $15.345. The stock had a trading volume of 158,308 shares. New Media Investment Group has a 1-year low of $11.87 and a 1-year high of $17.19. The firm’s 50-day moving average price is $14.84 and its 200-day moving average price is $13.81. The firm’s market cap is $811.21 million.
New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings data on Thursday, July 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.59). New Media Investment Group had a negative net margin of 1.00% and a positive return on equity of 2.38%. The business had revenue of $322.90 million during the quarter, compared to the consensus estimate of $320.54 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that New Media Investment Group will post ($0.03) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 8th will be given a $0.37 dividend. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, November 7th. This represents a $1.48 annualized dividend and a yield of 9.50%. New Media Investment Group’s payout ratio is presently -666.67%.
Separately, BidaskClub cut New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
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In other news, CEO Michael Reed bought 20,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $13.60 per share, with a total value of $272,000.00. Following 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 is accessible through this link. 5.34% of the stock is currently owned by company insiders.
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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