New York Times (NYT) to Release Earnings on Wednesday

New York Times (NYSE:NYT) is anticipated to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $725.93 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

New York Times (NYSE:NYT) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to the consensus estimate of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, analysts expect New York Times to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

New York Times Stock Performance

Shares of NYSE NYT opened at $54.26 on Monday. The company’s 50 day moving average price is $53.50 and its 200-day moving average price is $54.08. New York Times has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a market capitalization of $8.90 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were issued a $0.13 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 0.96%. New York Times’s payout ratio is 30.77%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NYT shares. JPMorgan Chase & Co. lifted their price objective on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.