NYSE:NEWM - New Media Investment Group Stock Price, News, & Analysis

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$11.28 +0.09 (+0.80 %)
(As of 03/26/2019 11:02 AM ET)
Previous Close$11.19
Today's Range$11.25 - $11.32
52-Week Range$10.88 - $19.10
Volume3,764 shs
Average Volume547,376 shs
Market Capitalization$682.55 million
P/E Ratio28.87
Dividend Yield13.25%
Beta1.19
New Media Investment Group Inc. invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month. Its principal products also comprise 2 yellow page directories with a distribution of approximately 290,000 that cover a population of approximately 419,000 people; 70 business publications; and UpCurve Cloud and ThriveHive digital marketing services. In addition, the company produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, it produces approximately 250 annual events with a collective attendance approximately 300,000, such as themed expo, signature event, and white label event services. Additionally, the company offers print and online products that offer local market news and information on various topics comprising local news and politics, community and regional events, youth sports, opinion and editorial pages, local schools, obituaries, weddings, and police reports, as well as print and digital marketing products, and commercial printing services. It reaches approximately 22 million people per week; and serves approximately 215,000 business customers. New Media Investment Group Inc. was founded in 1997 and is based in New York, New York.

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Industry, Sector and Symbol

Industry Newspapers
Sub-IndustryN/A
SectorConsumer Staples
CUSIPN/A
Phone212-479-3160

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.7516 per share
Book Value$11.90 per share

Profitability

Net Income$18.20 million

Miscellaneous

Employees10,638
Market Cap$682.55 million
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

New Media Investment Group (NYSE:NEWM) Frequently Asked Questions

What is New Media Investment Group's stock symbol?

New Media Investment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWM."

How often does New Media Investment Group pay dividends? What is the dividend yield for New Media Investment Group?

New Media Investment Group declared a quarterly dividend on Thursday, February 28th. Stockholders of record on Monday, March 11th will be given a dividend of $0.38 per share on Wednesday, March 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 13.48%. The ex-dividend date is Friday, March 8th. View New Media Investment Group's Dividend History.

How will New Media Investment Group's stock buyback program work?

New Media Investment Group announced that its board has authorized a share repurchase plan on Sunday, June 4th 2017, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 15.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

How were New Media Investment Group's earnings last quarter?

New Media Investment Group Inc (NYSE:NEWM) posted its earnings results on Wednesday, February, 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.24. The company earned $416 million during the quarter. New Media Investment Group had a return on equity of 2.73% and a net margin of 1.19%. New Media Investment Group's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. View New Media Investment Group's Earnings History.

When is New Media Investment Group's next earnings date?

New Media Investment Group is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for New Media Investment Group.

Has New Media Investment Group been receiving favorable news coverage?

News articles about NEWM stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Media Investment Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of New Media Investment Group's key competitors?

What other stocks do shareholders of New Media Investment Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Media Investment Group investors own include New Residential Investment (NRZ), Energy Transfer LP Unit (ET), SunCoke Energy Partners (SXCP), Centurylink (CTL), Bank of America (BAC), Intelsat (I), Fossil Group (FOSL), General Electric (GE), Ares Capital (ARCC) and First Data (FDC).

Who are New Media Investment Group's key executives?

New Media Investment Group's management team includes the folowing people:
  • Mr. Michael E. Reed, CEO, Pres & Director (Age 53)
  • Mr. Gregory W. Freiberg, CFO & Chief Accounting Officer (Age 52)
  • Mr. Kirk A. Davis, Chief Operating Officer (Age 57)
  • Ms. Ashley Higgins, Investor Relations
  • Ms. Polly Grunfeld Sack Esq., Sr. VP, Sec. & Gen. Counsel of GateHouse Media LLC (Age 59)

Who are New Media Investment Group's major shareholders?

New Media Investment Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.70%), Dimensional Fund Advisors LP (7.36%), Acadian Asset Management LLC (3.81%), Bank of New York Mellon Corp (2.81%), Norges Bank (2.09%) and Northern Trust Corp (1.34%). Company insiders that own New Media Investment Group stock include Gregory William Freiberg, Kirk A Davis, Laurence Tarica and Michael Reed. View Institutional Ownership Trends for New Media Investment Group.

Which major investors are selling New Media Investment Group stock?

NEWM stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Mackay Shields LLC, Connor Clark & Lunn Investment Management Ltd., Corrado Advisors LLC, Hancock Whitney Corp, Barclays PLC, Barrow Hanley Mewhinney & Strauss LLC and Gilman Hill Asset Management LLC. View Insider Buying and Selling for New Media Investment Group.

Which major investors are buying New Media Investment Group stock?

NEWM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Millennium Management LLC, Dimensional Fund Advisors LP, Robeco Institutional Asset Management B.V., Bank of New York Mellon Corp, BlackRock Inc., First Trust Advisors LP and BBT Capital Management LLC. Company insiders that have bought New Media Investment Group stock in the last two years include Kirk A Davis, Laurence Tarica and Michael Reed. View Insider Buying and Selling for New Media Investment Group.

How do I buy shares of New Media Investment Group?

Shares of NEWM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is New Media Investment Group's stock price today?

One share of NEWM stock can currently be purchased for approximately $11.28.

How big of a company is New Media Investment Group?

New Media Investment Group has a market capitalization of $682.55 million and generates $1.53 billion in revenue each year. The company earns $18.20 million in net income (profit) each year or $0.39 on an earnings per share basis. New Media Investment Group employs 10,638 workers across the globe.

What is New Media Investment Group's official website?

The official website for New Media Investment Group is http://www.newmediainv.com.

How can I contact New Media Investment Group?

New Media Investment Group's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The company can be reached via phone at 212-479-3160 or via email at [email protected]


MarketBeat Community Rating for New Media Investment Group (NYSE NEWM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  258 (Vote Outperform)
Underperform Votes:  278 (Vote Underperform)
Total Votes:  536
MarketBeat's community ratings are surveys of what our community members think about New Media Investment Group and other stocks. Vote "Outperform" if you believe NEWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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