Somewhat Positive Press Coverage Somewhat Unlikely to Affect New York Times Company (The) (NYSE:NYT) Stock Price

Headlines about New York Times Company (The) (NYSE:NYT) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New York Times Company (The) earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.9268770402322 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of New York Times Company (NYT) traded down 1.33% during midday trading on Thursday, hitting $18.60. The stock had a trading volume of 1,352,182 shares. The company has a market cap of $3.01 billion, a P/E ratio of 47.33 and a beta of 1.81. The stock has a 50 day moving average of $18.17 and a 200-day moving average of $16.13. New York Times Company has a one year low of $10.60 and a one year high of $20.15.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, July 10th. New York Times Company (The)’s dividend payout ratio (DPR) is 40.00%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, July 31st. Barclays PLC lifted their price objective on New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC lifted their price objective on New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. One equities 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.20.

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In other news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 19,353,000 shares in the company, valued at approximately $372,932,310. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP R Anthony Benten sold 13,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $17.59, for a total transaction of $232,188.00. Following the completion of the sale, the senior vice president now directly owns 49,376 shares in the company, valued at $868,523.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,861 shares of company stock valued at $12,902,407. Company insiders own 5.70% of the company’s stock.

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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