Press coverage about New York Times Company (The) (NYSE:NYT) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York Times Company (The) earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.4631708536157 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- New York Times columnist David Brooks wants Google’s CEO to resign (GOOG, GOOGL) (sfgate.com)
- Palin wins a battle in her war with the New York Times (donsurber.blogspot.com)
- IHS Markit Score Update: Drop in demand for ETFs holding New York Times Co is a negative sign for its shares (finance.yahoo.com)
- The New York Times falsely implied that the Trump administration was trying to bury a report on climate change (finance.yahoo.com)
New York Times Company (NYSE NYT) traded down 1.08% during midday trading on Friday, reaching $18.40. The company had a trading volume of 1,228,974 shares. New York Times Company has a 12-month low of $10.60 and a 12-month high of $20.15. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 46.82 and a beta of 1.81. The stock’s 50 day moving average is $18.20 and its 200 day moving average is $16.17.
New York Times Company (The) (NYSE:NYT) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $393.07 million. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. New York Times Company (The)’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Equities research analysts expect that New York Times Company will post $0.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Wednesday, July 12th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.87%. New York Times Company (The)’s dividend payout ratio (DPR) is currently 40.00%.
NYT has been the topic of a number of analyst reports. Zacks Investment Research cut New York Times Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC upped their price objective on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, May 4th. Finally, Barclays PLC upped their price objective on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.20.
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In related news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of New York Times Company (The) stock in a transaction on Friday, July 28th. The stock was sold at an average price of $19.27, for a total transaction of $10,049,305.00. Following the sale, the insider now directly owns 19,353,000 shares in the company, valued at $372,932,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James M. Follo sold 138,161 shares of New York Times Company (The) stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total value of $2,620,914.17. Following the sale, the chief financial officer now owns 136,523 shares in the company, valued at $2,589,841.31. The disclosure for this sale can be found here. Insiders have sold 672,861 shares of company stock worth $12,902,407 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.
About New York Times Company (The)
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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