Somewhat Favorable News Coverage Somewhat Unlikely to Affect New York Times Company (The) (NYT) Stock Price

News stories about New York Times Company (The) (NYSE:NYT) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York Times Company (The) earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave headlines about the company an impact score of 42.9175961103596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s scoring:

Several brokerages have 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 $22.00 target price on the stock in a research report on Monday, July 31st. Barclays PLC raised their target price on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.20.

Shares of New York Times Company (NYSE:NYT) opened at 19.25 on Wednesday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 48.98 and a beta of 1.78. The stock’s 50 day moving average price is $19.13 and its 200 day moving average price is $17.52. New York Times Company has a 12 month low of $10.60 and a 12 month high of $20.15.

New York Times Company (The) (NYSE:NYT) last issued its earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts predict that New York Times Company will post $0.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, October 3rd. New York Times Company (The)’s payout ratio is 40.00%.

In other New York Times Company (The) news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $19.27, for a total transaction of $10,049,305.00. Following the completion of the sale, the insider now owns 19,353,000 shares in the company, valued at approximately $372,932,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James M. Follo sold 138,161 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the sale, the chief financial officer now owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for New York Times Company (The) (NYSE:NYT)

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