Shares of New York Times Co (NYSE:NYT) have been given a consensus recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.93.
NYT has been the subject of a number of analyst reports. Jefferies Group reissued a “hold” rating and set a $18.00 target price on shares of New York Times in a research note on Monday, October 16th. Zacks Investment Research downgraded New York Times from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
New York Times (NYSE:NYT) traded up $0.80 on Wednesday, reaching $20.25. The company’s stock had a trading volume of 4,219,235 shares, compared to its average volume of 1,259,871. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,153.95, a P/E ratio of 33.75 and a beta of 1.65. New York Times has a 12-month low of $13.00 and a 12-month high of $20.35.
New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The firm had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. New York Times had a return on equity of 13.46% and a net margin of 6.02%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. analysts predict that New York Times will post 0.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Tuesday, January 9th. New York Times’s dividend payout ratio (DPR) is 26.67%.
Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its stake in shares of New York Times by 1.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 21,284 shares of the company’s stock worth $258,000 after buying an additional 278 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of New York Times by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after buying an additional 429 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of New York Times by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after buying an additional 673 shares in the last quarter. Amalgamated Bank raised its stake in shares of New York Times by 4.1% during the 2nd quarter. Amalgamated Bank now owns 18,173 shares of the company’s stock worth $322,000 after buying an additional 720 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of New York Times by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 44,453 shares of the company’s stock worth $786,000 after buying an additional 924 shares in the last quarter. 67.90% of the stock is owned by institutional investors and hedge funds.
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About New York Times
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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