Shares of The New York Times Company (NYSE:NYT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $82.3333.
Several equities research analysts recently commented on NYT shares. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research cut shares of New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Citigroup restated a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Barclays reduced their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and issued a $92.00 price target on shares of New York Times in a research report on Thursday, May 7th.
Get Our Latest Stock Report on NYT
New York Times Stock Performance
New York Times (NYSE:NYT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company had revenue of $762.46 million for the quarter, compared to analyst estimates of $752.01 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. New York Times’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts predict that New York Times will post 2.84 earnings per share for the current year.
New York Times Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, July 8th. New York Times’s payout ratio is 38.33%.
New York Times News Roundup
Here are the key news stories impacting New York Times this week:
- Positive Sentiment: Analysts maintain an average “Moderate Buy” recommendation for The New York Times Company, suggesting Wall Street remains constructive on the stock’s longer-term prospects. The New York Times Company Receives Average Recommendation of Moderate Buy from Analysts
- Positive Sentiment: Continued coverage of major sports, entertainment and cultural events—including the U.S. Open, Grand Theft Auto VI, Dolly Parton, Tim Curry and Yayoi Kusama—underscores NYT’s ability to attract audiences across news and lifestyle categories. U.S. Open bracket analysis
- Neutral Sentiment: Several prominent articles focus on politics, climate disasters, international affairs and legal issues. These stories may support readership and engagement, but they do not provide specific evidence of changes to revenue, subscriptions or profitability. Climate Change Raises Risk of Disasters Like Nepal Floods
- Negative Sentiment: The latest articles contain no new earnings beat, guidance increase, acquisition or other immediate catalyst that would clearly drive shares higher. With the stock below its 50-day and 200-day moving averages, the modest decrease appears more consistent with limited near-term catalysts and investor caution than with a fundamental deterioration reported in these articles.
Insiders Place Their Bets
In other news, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.
Institutional Trading of New York Times
A number of institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its position in New York Times by 6,931.8% during the 2nd quarter. California State Teachers Retirement System now owns 12,671,559 shares of the company’s stock valued at $886,756,000 after buying an additional 12,491,356 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in New York Times in the fourth quarter worth about $351,664,000. Bank of Montreal Can boosted its holdings in New York Times by 10,018.3% in the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock worth $160,789,000 after acquiring an additional 2,293,281 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of New York Times by 78.1% during the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock worth $233,265,000 after acquiring an additional 1,836,788 shares during the last quarter. Finally, Egerton Capital UK LLP purchased a new stake in shares of New York Times during the fourth quarter worth about $97,882,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
New York Times Company Profile
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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