New York Times (NYT) to Release Quarterly Earnings on Thursday

New York Times (NYSE:NYT) is scheduled to release its earnings data before the market opens on Thursday, November 1st. Analysts expect New York Times to post earnings of $0.13 per share for the quarter.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. New York Times had a net margin of 1.24% and a return on equity of 15.00%. The company had revenue of $414.60 million during the quarter, compared to analysts’ expectations of $411.25 million. During the same quarter in the prior year, the company earned $0.18 EPS. New York Times’s revenue was up 1.8% compared to the same quarter last year. On average, analysts expect New York Times to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE NYT opened at $25.94 on Wednesday. New York Times has a 12-month low of $16.95 and a 12-month high of $26.91. The stock has a market cap of $4.10 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Wednesday, October 3rd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.16 annualized dividend and a yield of 0.62%. New York Times’s dividend payout ratio is presently 20.00%.

In other news, Director Arthur Sulzberger, Jr. sold 34,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $23.73, for a total value of $806,820.00. Following the completion of the sale, the director now owns 279,307 shares of the company’s stock, valued at approximately $6,627,955.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Levien Meredith A. Kopit sold 8,354 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $22.76, for a total transaction of $190,137.04. Following the completion of the sale, the chief operating officer now directly owns 45,389 shares of the company’s stock, valued at approximately $1,033,053.64. The disclosure for this sale can be found here. In the last three months, insiders sold 342,154 shares of company stock valued at $8,110,129. Corporate insiders own 5.20% of the company’s stock.

Several brokerages recently issued reports on NYT. Zacks Investment Research cut shares of New York Times from a “hold” rating to a “strong sell” rating in a research note on Friday, August 10th. ValuEngine cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of New York Times to $32.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. New York Times has an average rating of “Hold” and an average target price of $26.00.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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Earnings History for New York Times (NYSE:NYT)

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