New York Times Company (The) (NYT) Announces Quarterly Dividend of $0.04
New York Times Company (The) (NYSE:NYT) announced a quarterly dividend on Thursday, February 16th. Investors of record on Wednesday, April 5th will be given a dividend of 0.04 per share on Thursday, April 20th. This represents a $0.16 dividend on an annualized basis and a yield of 1.02%.
New York Times Company (NYSE:NYT) traded down 1.88% during midday trading on Thursday, reaching $15.65. The company had a trading volume of 743,797 shares. The stock’s 50 day moving average price is $13.96 and its 200-day moving average price is $12.85. The firm has a market capitalization of $2.52 billion, a P/E ratio of 88.92 and a beta of 1.51. New York Times Company has a one year low of $10.60 and a one year high of $16.35.
New York Times Company (The) (NYSE:NYT) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. New York Times Company (The) had a net margin of 1.87% and a return on equity of 11.87%. The company earned $439.70 million during the quarter, compared to the consensus estimate of $437.80 million. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that New York Times Company will post $0.55 earnings per share for the current year.
In other news, Director Doreen A. Toben sold 8,000 shares of the stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $16.06, for a total transaction of $128,480.00. Following the completion of the transaction, the director now directly owns 18,342 shares in the company, valued at approximately $294,572.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.20% of the company’s stock.
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A number of research firms have recently commented on NYT. Singular Research began coverage on shares of New York Times Company (The) in a research note on Thursday, February 9th. They set a “sell” rating and a $7.80 price objective for the company. Zacks Investment Research upgraded shares of New York Times Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, December 20th. Jefferies Group LLC increased their price objective on shares of New York Times Company (The) to $12.00 and gave the stock a “hold” rating in a research note on Friday, February 3rd. TheStreet upgraded shares of New York Times Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, January 4th. Finally, Argus restated a “hold” rating on shares of New York Times Company (The) in a research note on Friday, December 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.55.
About New York Times Company (The)
The New York Times Company is a media organization focused on creating, collecting and distributing news and information. The Company includes newspapers, digital businesses and investments. Its businesses include newspapers, such as The New York Times; the International New York Times (INYT), the international edition of The Times; Websites, including NYTimes.com and international.nytimes.com; mobile applications, including The Times’s news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others, and related businesses, such as The Times news services division, digital archive distribution, NYT Live, and other products and services under The Times brand.
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