New York Times (NYT) Posts Earnings Results, Beats Estimates By $0.09 EPS

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%.

A number of research firms recently issued reports on NYT. Jefferies Group reissued a “hold” rating and set a $18.00 price target on shares of New York Times in a report on Monday, October 16th. Zacks Investment Research raised New York Times from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, January 31st. Finally, ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.95.

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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.

Earnings History for New York Times (NYSE:NYT)

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