Media headlines about New York Times Company (The) (NYSE:NYT) have trended somewhat negative recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news 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 York Times Company (The) earned a news impact score of -0.22 on Accern’s scale. Accern also gave news stories about the company an impact score of 78 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- White House attacks New York Times for publishing draft government report on climate change (washingtonexaminer.com)
- New York Times: Israeli and other foreign intelligence have the goods on pedophile D.C. politicians (fellowshipoftheminds.com)
- New York Times claps back after Trump says paper is ‘failing’ (thegrio.com)
- The Culture Wars Have Come to Silicon Valley (nytimes.com)
- Lenin and the New York Times (wsj.com)
Several equities analysts recently commented on the company. Zacks Investment Research upgraded New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, July 31st. Barclays PLC raised their target price on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC raised their target price on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.20.
Shares of New York Times Company (NYT) traded down 1.33% during trading on Thursday, reaching $18.60. The company’s stock had a trading volume of 1,352,182 shares. New York Times Company has a 52-week low of $10.60 and a 52-week high of $20.15. The firm’s 50-day moving average is $18.14 and its 200 day moving average is $16.12. The company has a market cap of $3.01 billion, a PE ratio of 47.33 and a beta of 1.81.
New York Times Company (The) (NYSE:NYT) last issued its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $393.07 million. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, equities research analysts predict that New York Times Company will post $0.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Monday, July 10th. New York Times Company (The)’s payout ratio is 40.00%.
In other news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of New York Times Company (The) stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $19.27, for a total value of $10,049,305.00. Following the completion of the transaction, the insider now directly owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP R Anthony Benten sold 13,200 shares of New York Times Company (The) stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the completion of the transaction, the senior vice president now directly owns 49,376 shares of the company’s stock, valued at $868,523.84. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.
New York Times Company (The) 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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