Brokerages Anticipate New York Times Co (NYT) to Announce $0.14 Earnings Per Share

Equities research analysts expect New York Times Co (NYSE:NYT) to announce earnings per share of $0.14 for the current quarter, according to Zacks. Two analysts have made estimates for New York Times’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. New York Times reported earnings per share of $0.11 during the same quarter last year, which would suggest a positive year over year growth rate of 27.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that New York Times will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.85 to $0.94. For the next year, analysts expect that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.16. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for New York Times.

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New York Times (NYSE:NYT) last posted its earnings results on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The firm had revenue of $484.00 million during the quarter, compared to the consensus estimate of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS.



Several equities analysts have recently issued reports on NYT shares. Zacks Investment Research cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. ValuEngine raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays set a $20.00 target price on shares of New York Times and gave the stock a “hold” rating in a research report on Sunday, February 11th.

In other news, insider Carso S.A. De C.V. Inversora sold 18,800 shares of New York Times stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $25.55, for a total value of $480,340.00. Following the transaction, the insider now directly owns 19,212,700 shares of the company’s stock, valued at $490,884,485. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Denham sold 3,166 shares of New York Times stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.12, for a total transaction of $79,529.92. Following the completion of the transaction, the director now directly owns 39,842 shares in the company, valued at $1,000,831.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,130,164 shares of company stock worth $73,380,719. 5.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NYT. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of New York Times by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after purchasing an additional 2,333 shares during the last quarter. Elkfork Partners LLC boosted its holdings in New York Times by 143.1% in the 4th quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock worth $182,000 after buying an additional 5,792 shares during the last quarter. Bluestein R H & Co. acquired a new stake in New York Times in the 4th quarter worth about $185,000. HL Financial Services LLC acquired a new stake in New York Times in the 4th quarter worth about $185,000. Finally, Fox Run Management L.L.C. acquired a new stake in New York Times in the 4th quarter worth about $186,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYT traded down $0.15 during mid-day trading on Friday, hitting $22.25. The company’s stock had a trading volume of 1,908,148 shares, compared to its average volume of 2,437,418. The stock has a market capitalization of $3,667.25, a P/E ratio of 27.81, a P/E/G ratio of 1.91 and a beta of 1.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.80 and a quick ratio of 1.80. New York Times has a fifty-two week low of $14.20 and a fifty-two week high of $25.70.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Tuesday, April 3rd. New York Times’s dividend payout ratio (DPR) is currently 20.00%.

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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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