New York Times (NYT) to Release Quarterly Earnings on Monday

New York Times (NYSE:NYT) is set to issue its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $624.82 million. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts expect New York Times to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

New York Times Stock Up 1.8 %

NYT opened at $56.83 on Friday. New York Times has a 52 week low of $40.88 and a 52 week high of $57.08. The business’s 50 day moving average is $54.84 and its two-hundred day moving average is $51.85. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 35.08 and a beta of 1.03.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a $0.13 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.92%. New York Times’s payout ratio is 32.10%.

Analyst Ratings Changes

NYT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of New York Times in a research note on Wednesday, October 9th. They issued a “buy” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Barclays increased their price objective on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.71.

Insider Buying and Selling at New York Times

In related news, CFO William Bardeen sold 2,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $54.56, for a total transaction of $109,120.00. Following the transaction, the chief financial officer now owns 10,315 shares of the company’s stock, valued at $562,786.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Levien Meredith A. Kopit sold 18,300 shares of New York Times stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William Bardeen sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the transaction, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at $562,786.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.