New York Times (NYT) Expected to Announce Quarterly Earnings on Wednesday

New York Times (NYSE:NYT) is projected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect New York Times to post earnings of $0.74 per share and revenue of $725.93 million for the quarter. Investors that are interested in participating in 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The company 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%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. 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 Up 0.6 %

Shares of NYSE NYT opened at $54.26 on Wednesday. The stock’s 50-day simple moving average is $53.39 and its two-hundred day simple moving average is $54.06. New York Times has a twelve month low of $41.55 and a twelve month high of $58.16. The firm has a market capitalization of $8.90 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.51 and a beta of 1.00.

New York Times Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.96%. The ex-dividend date was Friday, January 10th. New York Times’s dividend payout ratio (DPR) is 30.77%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NYT. Deutsche Bank Aktiengesellschaft boosted their price target on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and a consensus price target 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.