New York Times (NYSE:NYT) released its quarterly earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09, Bloomberg Earnings reports. New York Times had a return on equity of 13.46% and a net margin of 6.02%. The firm had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. During the same quarter last year, the company posted $0.30 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis.
Shares of New York Times (NYT) traded down $1.18 on Friday, reaching $23.22. The company’s stock had a trading volume of 2,887,393 shares, compared to its average volume of 2,681,901. New York Times has a 12 month low of $14.08 and a 12 month high of $25.70. The stock has a market cap of $3,810.00, a price-to-earnings ratio of 38.36 and a beta of 1.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Wednesday, January 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, January 9th. New York Times’s dividend payout ratio is presently 26.23%.
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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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