New York Times Company (The) (NYT) Earns News Impact Rating of -0.22

Media headlines about New York Times Company (The) (NYSE:NYT) have been trending somewhat negative this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. New York Times Company (The) earned a media sentiment score of -0.22 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 78 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

New York Times Company (NYT) traded down 1.3257% during mid-day trading on Thursday, reaching $18.6001. 866,125 shares of the company’s stock traded hands. New York Times Company has a 12 month low of $10.60 and a 12 month high of $20.15. The stock has a market cap of $3.01 billion, a P/E ratio of 47.3285 and a beta of 1.81. The company has a 50 day moving average price of $18.14 and a 200-day moving average price of $16.12.

New York Times Company (The) (NYSE:NYT) last announced its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $393.07 million. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. On average, analysts anticipate that New York Times Company will post $0.71 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th were given a $0.04 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.16 annualized dividend and a yield of 0.85%. New York Times Company (The)’s payout ratio is 40.00%.

A number of research analysts recently issued reports on NYT shares. Zacks Investment Research upgraded shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Friday, May 5th. Barclays PLC upped their price target on shares of 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. Finally, Jefferies Group LLC upped their price target on shares of New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.20.

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In other news, SVP R Anthony Benten sold 13,200 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the transaction, the senior vice president now owns 49,376 shares of the company’s stock, valued at $868,523.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was 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 directly owns 19,353,000 shares in the company, valued at approximately $372,932,310. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.

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.

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