Somewhat Positive Media Coverage Somewhat Unlikely to Affect New York Times Company (The) (NYSE:NYT) Stock Price
Headlines about New York Times Company (The) (NYSE:NYT) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New York Times Company (The) earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 43.1048241176442 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- New York Times Bans Reporters from Making Partisan Posts on Social Media (breitbart.com)
- Uber, Surging Outside Manhattan, Tops Taxis in New York City (nytimes.com)
- The Thriving New York Times (seekingalpha.com)
- ‘Reporting protects women’: Why the New York Times’ Jodi Kantor took on Harvey Weinstein (money.cnn.com)
- [$$] Weinstein directors in spotlight about what they knew (finance.yahoo.com)
A number of analysts have issued reports on NYT shares. Zacks Investment Research cut New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC raised their target price on New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. New York Times Company (The) presently has an average rating of “Hold” and a consensus price target of $15.20.
Shares of New York Times Company (NYT) remained flat at $19.15 during midday trading on Friday. The stock had a trading volume of 979,579 shares. The firm has a market capitalization of $3.10 billion, a P/E ratio of 48.73 and a beta of 1.78. The firm’s 50 day moving average is $19.20 and its 200 day moving average is $17.58. New York Times Company has a 12-month low of $10.60 and a 12-month high of $20.15.
New York Times Company (The) (NYSE:NYT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. New York Times Company (The)’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. On average, equities analysts forecast that New York Times Company will post $0.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, October 3rd. 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 the business’s stock in a transaction on Friday, July 28th. The shares were 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 owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the completion of the transaction, the chief financial officer now directly owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at http://www.mareainformativa.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-new-york-times-company-the-nyt-stock-price/116979/.
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.
Receive News & Stock Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related stocks with our FREE daily email newsletter.