$468.15 Million in Sales Expected for New York Times Company (The) (NYT) This Quarter

Wall Street brokerages expect that New York Times Company (The) (NYSE:NYT) will announce sales of $468.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for New York Times’ earnings. The lowest sales estimate is $467.60 million and the highest is $468.70 million. New York Times posted sales of $439.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that New York Times will report full-year sales of $468.15 million for the current financial year. For the next fiscal year, analysts expect that the company will post sales of $1.69 billion per share, with estimates ranging from $1.67 billion to $1.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover New York Times.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The business had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Jefferies Group restated a “hold” rating and set a $18.00 price objective on shares of New York Times in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $15.45.

Shares of New York Times (NYSE:NYT) traded down $0.20 during trading on Friday, reaching $18.00. 1,122,856 shares of the company’s stock were exchanged, compared to its average volume of 1,106,031. The company has a market capitalization of $2,878.29, a P/E ratio of 24.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. New York Times has a fifty-two week low of $13.00 and a fifty-two week high of $20.15.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of New York Times by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock valued at $111,000 after acquiring an additional 673 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of New York Times by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after acquiring an additional 429 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of New York Times during the third quarter valued at about $192,000. Teacher Retirement System of Texas boosted its position in New York Times by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock valued at $183,000 after buying an additional 180 shares during the last quarter. Finally, Sei Investments Co. boosted its position in New York Times by 93.3% in the second quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock valued at $183,000 after buying an additional 4,990 shares during the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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New York Times 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.

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Earnings History and Estimates for New York Times (NYSE:NYT)

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