Press coverage about New York Times Company (The) (NYSE:NYT) has been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog 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 coverage optimism score of -0.03 on Accern’s scale. Accern also gave headlines about the company an impact score of 76 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Critical Review: tronc (TRNC) versus New York Times Company (The) (NYT) (americanbankingnews.com)
- Jared Kushner is reportedly looking for new lawyers as the Trump-Russia investigation escalates (businessinsider.com)
- How The New York Times avoided ‘falling off a cliff’ (stuff.co.nz)
- The New York Times CEO on state of digital advertising: ‘Nightmarish joke’ (digiday.com)
- New York Times bestselling author Mary Alice Monroe to speak at Library’s Strongsville Branch: Community Voices (cleveland.com)
New York Times Company (NYSE:NYT) traded down 1.41% during mid-day trading on Tuesday, hitting $17.50. The stock had a trading volume of 881,612 shares. New York Times Company has a 52 week low of $10.60 and a 52 week high of $18.00. The company has a market capitalization of $2.83 billion, a P/E ratio of 57.38 and a beta of 1.86. The stock’s 50-day moving average is $17.17 and its 200 day moving average is $14.95.
New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $398.80 million during the quarter, compared to the consensus estimate of $381.62 million. New York Times Company (The) had a net margin of 3.21% and a return on equity of 11.53%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Equities analysts forecast that New York Times Company will post $0.64 earnings per share for the current fiscal year.
Several research firms recently weighed in on NYT. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, May 5th. Jefferies Group LLC upped their price target on New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, TheStreet raised New York Times Company (The) from a “c+” rating to a “b” rating in a research report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. New York Times Company (The) currently has a consensus rating of “Hold” and an average price target of $13.93.
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In related news, SVP R Anthony Benten sold 13,200 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the completion of the sale, the senior vice president now directly owns 49,376 shares in the company, valued at $868,523.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.70% of the company’s stock.
New York Times Company (The) Company Profile
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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