New York Times (NYT) Receives Daily Coverage Optimism Score of 0.04
Press coverage about New York Times (NYSE:NYT) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news 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 earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.1153209654344 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- NY Times, New Yorker win Pulitzer for Weinstein reporting that sparked #MeToo (france24.com)
- NYT, New Yorker win Pulitzers for sexual harassment stories (msn.com)
- NYT and New Yorker win joint Pulitzer for Weinstein exposé (bbc.com)
- Weinstein exposés win Pulitzer for New York Times, New Yorker (finance.yahoo.com)
- New York Times editorial: Trump ‘is not above the law’ (click2houston.com)
NYT has been the subject of several research analyst reports. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, January 31st. ValuEngine upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays set a $20.00 price objective on New York Times and gave the company a “hold” rating in a research report on Sunday, February 11th.
New York Times (NYSE:NYT) last released its earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The firm had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $467.30 million. New York Times had a return on equity of 14.84% and a net margin of 0.26%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. equities analysts expect that New York Times will post 0.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Wednesday, April 4th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, April 3rd. New York Times’s payout ratio is 20.00%.
In other news, Director Doreen A. Toben sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $23.99, for a total transaction of $191,920.00. Following the sale, the director now owns 25,342 shares in the company, valued at approximately $607,954.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carso S.A. De C.V. Inversora sold 264,000 shares of the company’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $23.07, for a total value of $6,090,480.00. Following the sale, the insider now owns 16,497,175 shares in the company, valued at approximately $380,589,827.25. The disclosure for this sale can be found here. Insiders sold a total of 2,670,164 shares of company stock worth $62,841,719 in the last 90 days. Company insiders own 5.20% of the company’s stock.
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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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