Somewhat Favorable News Coverage Somewhat Unlikely to Affect New York Times (NYT) Share Price
News articles about New York Times (NYSE:NYT) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media 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 nearest to one being the most favorable. New York Times earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.3831520743359 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Stocks To Watch: New York Times Company Sees Relative Strength Rating Jump To 82 (finance.yahoo.com)
- America’s Dreamers, Big Brother on wheels, and eight other stories you might have missed (finance.yahoo.com)
- NYT Bestseller #1 Author Finn On Debut Novel “The Woman In The Window” (golocalprov.com)
- New York Times Editor Blasts Aziz Ansari Accuser: ‘It’s Called Bad Sex’ (thewrap.com)
- Only one Indian city made the New York Times’ 2018 travel list (finance.yahoo.com)
A number of research analysts have commented on NYT shares. Jefferies Group reaffirmed a “hold” rating and set a $18.00 price target on shares of New York Times in a research report on Monday, October 16th. Zacks Investment Research raised New York Times from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, November 3rd. Finally, ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.45.
New York Times (NYT) traded down $0.40 on Tuesday, reaching $19.85. The company’s stock had a trading volume of 1,607,815 shares, compared to its average volume of 1,742,940. The company has a market cap of $3,283.68, a price-to-earnings ratio of 33.08 and a beta of 1.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. New York Times has a fifty-two week low of $13.00 and a fifty-two week high of $20.35.
New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $385.60 million during the quarter, compared to analyst estimates of $390.13 million. New York Times had a return on equity of 13.46% and a net margin of 6.02%. New York Times’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. analysts anticipate that New York Times will post 0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.81%. New York Times’s dividend payout ratio (DPR) is 26.67%.
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New York Times 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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