New York Times (NYT) to Release Earnings on Wednesday

New York Times (NYSE:NYT) will likely be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect New York Times to post earnings of $0.74 per share and revenue of $725.93 million 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 posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. 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 0.6 %

NYT opened at $54.26 on Wednesday. New York Times has a twelve month low of $41.55 and a twelve month high of $58.16. The company’s 50-day moving average price is $53.39 and its two-hundred day moving average price is $54.06. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.51 and a beta of 1.00.

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 0.96%. New York Times’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.83.

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.