New York Times (NYT) to Release Quarterly Earnings on Wednesday

New York Times (NYSE:NYT) will likely be announcing 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. Parties that wish to listen to the company’s conference call can do so using this link.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. New York Times’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business 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 Price Performance

Shares of NYT stock opened at $54.85 on Tuesday. The company’s fifty day moving average price is $53.50 and its 200-day moving average price is $54.08. New York Times has a one year low of $41.55 and a one year high of $58.16. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 1.51 and a beta of 1.01.

New York Times Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, January 10th. New York Times’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

NYT has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.83.

New York Times Company Profile

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.