Analysts expect New York Times Company (The) (NYSE:NYT) to announce earnings per share of $0.30 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for New York Times’ earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. New York Times also posted earnings per share of $0.30 in the same quarter last year. The business is expected to issue its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that New York Times will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.70 to $0.73. For the next year, analysts forecast that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.61 to $0.86. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow New York Times.
New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. New York Times had a return on equity of 13.46% and a net margin of 6.02%. The business had revenue of $385.60 million during the quarter, compared to analyst estimates of $390.13 million. During the same period in the prior year, the company earned $0.06 earnings per share. New York Times’s revenue was up 6.1% compared to the same quarter last year.
NYT has been the subject of a number of analyst reports. Zacks Investment Research raised New York Times from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, November 3rd. ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group restated a “hold” rating and set a $18.00 price target on shares of New York Times in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.45.
New York Times (NYSE:NYT) traded down $0.15 during trading on Thursday, hitting $18.65. The stock had a trading volume of 1,089,200 shares, compared to its average volume of 1,044,441. New York Times has a 52-week low of $13.00 and a 52-week high of $20.15. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3,048.55, a price-to-earnings ratio of 26.11 and a beta of 1.64.
A number of institutional investors and hedge funds have recently made changes to their positions in NYT. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $111,000 after acquiring an additional 673 shares during the period. PNC Financial Services Group Inc. boosted its holdings in New York Times by 6.9% in 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 during the period. LS Investment Advisors LLC boosted its holdings in New York Times by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock worth $173,000 after buying an additional 1,452 shares during the period. Teacher Retirement System of Texas lifted its stake in New York Times by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after purchasing an additional 180 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in New York Times by 93.3% in the 2nd quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock worth $183,000 after purchasing an additional 4,990 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.
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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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