About New Media Investment Group (NYSE:NEWM)
New Media Investment Group Inc. is a holding company. The Company owns, operates and invests in local media assets. The Company's segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets. It is a publisher of local newspapers and related publications. As of December 25, 2016, its portfolio of media assets spanned across 538 markets and 36 states. As of December 25, 2016, its products included 631 community print publications, 538 Websites and two yellow page directories. Its directory portfolio includes Surewest Directories located in and around the Sacramento, California area, primarily in Roseville, California. The Roseville directory serves the local Roseville community. It also owns additional directory based in Mt. Shasta, California. Propel is its business services product line with digital products designed for small and midsized businesses (SMBs).
Industry, Sector and Symbol
Industry Consumer Publishing
Trailing P/E Ratio44.39
Forward P/E Ratio-63.92
Sales & Book Value
Annual Sales$1.26 billion
Price / Sales0.68
Cash Flow$1.90 per share
Price / Cash8.42
Book Value$14.42 per share
Price / Book1.11
Net Income$31.64 million
Return on Equity2.38%
Return on Assets1.32%
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 announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.37 per share on Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend is Tuesday, November 7th. This is an increase from New Media Investment Group's previous quarterly dividend of $0.35. View New Media Investment Group's Dividend History.
How will New Media Investment Group's stock buyback program work?
New Media Investment Group declared that its board has authorized a share repurchase plan on Sunday, June 4th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 15.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.
How were New Media Investment Group's earnings last quarter?
New Media Investment Group Inc (NYSE:NEWM) announced its quarterly earnings results on Thursday, July, 28th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.29 by $0.08. The company had revenue of $314.80 million for the quarter, compared to analysts' expectations of $311.88 million. New Media Investment Group had a positive return on equity of 2.38% and a negative net margin of 1.00%. The business's revenue was up 5.1% compared to the same quarter last year. View New Media Investment Group's Earnings History.
When will New Media Investment Group make its next earnings announcement?
Who are some of New Media Investment Group's key competitors?
Some companies that are related to New Media Investment Group include Hostess Brands (TWNK), Calavo Growers (CVGW), MGP Ingredients (MGPI), Inter Parfums (IPAR), Gannett (GCI), Avon Products (AVP), Adecoagro (AGRO), Cresud S.A.C.I.F. y A. (CRESY), Simply Good Foods (SMPL), e.l.f. Beauty (ELF), Dean Foods (DF), Medifast (MED), John B. Sanfilippo & Son (JBSS), Freshpet (FRPT), Smart & Final Stores (SFS), Chefs' Warehouse (CHEF), Premier Foods (PRRFY) and Landec (LNDC).
Who are New Media Investment Group's key executives?
New Media Investment Group's management team includes the folowing people:
- Wesley Robert Edens, Chairman of the Board (Age 55)
- Michael E. Reed, Chief Executive Officer, Director (Age 50)
- Gregory W. Freiberg, Chief Financial Officer, Chief Accounting Officer (Age 50)
- Kirk Davis, Chief Operating Officer (Age 55)
- Theodore P. Janulis, Independent Director (Age 58)
- Kevin Michael Sheehan, Independent Director (Age 63)
- Laurence Tarica, Independent Director (Age 67)
Who owns New Media Investment Group stock?
New Media Investment Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.30%), Wells Fargo & Company MN (2.70%), Bank of New York Mellon Corp (2.53%), Acadian Asset Management LLC (1.11%), Millennium Management LLC (0.90%) and Geode Capital Management LLC (0.85%). Company insiders that own New Media Investment Group stock include Gregory William Freiberg, Laurence Tarica, Leon G Cooperman and Michael Reed. View Institutional Ownership Trends for New Media Investment Group.
Who sold New Media Investment Group stock? Who is selling New Media Investment Group stock?
New Media Investment Group's stock was sold by a variety of institutional investors in the last quarter, including Delphi Financial Group Inc., Bank of New York Mellon Corp, Citadel Advisors LLC, Guggenheim Capital LLC, Shikiar Asset Management Inc., Goldman Sachs Group Inc., Selz Capital LLC and Gotham Asset Management LLC. View Insider Buying and Selling for New Media Investment Group.
Who bought New Media Investment Group stock? Who is buying New Media Investment Group stock?
New Media Investment Group's stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Renaissance Technologies LLC, Millennium Management LLC, BlackRock Inc., Deutsche Bank AG, Arizona State Retirement System, Sterling Capital Management LLC and Stone Ridge Asset Management LLC. Company insiders that have bought New Media Investment Group stock in the last two years include Gregory William Freiberg, Laurence Tarica, Leon G Cooperman and Michael Reed. View Insider Buying and Selling for New Media Investment Group.
How do I buy New Media Investment Group stock?
Shares of New Media Investment Group 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 New Media Investment Group stock can currently be purchased for approximately $15.98.
How big of a company is New Media Investment Group?
New Media Investment Group has a market capitalization of $850.46 million and generates $1.26 billion in revenue each year. The company earns $31.64 million in net income (profit) each year or ($0.21) on an earnings per share basis. New Media Investment Group employs 10,092 workers across the globe.
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 (NEWM)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
New Media Investment Group (NYSE:NEWM) Earnings History and Estimates Chart
New Media Investment Group (NYSE NEWM) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q3 2017||$0.10||$0.08||$317.18 million||View||N/A|
|7/27/2017||Q2 2017||$0.18||($0.41)||$320.54 million||$322.90 million||View||N/A|
|4/27/2017||Q1 2017||$0.22||($0.07)||$297.40 million||$307.50 million||View||N/A|
|2/21/2017||Q416||$0.44||$0.31||$324.40 million||$333.60 million||View||Listen|
|10/27/2016||Q316||$0.13||$0.06||$308.80 million||$306.80 million||View||Listen|
|7/28/2016||Q216||$0.29||$0.21||$311.88 million||$314.80 million||View||Listen|
|4/28/2016||Q116||$0.03||$0.11||$300.66 million||$300.10 million||View||Listen|
|2/25/2016||Q415||$0.39||$1.26||$327.62 million||$333.60 million||View||Listen|
|10/29/2015||Q315||$0.21||$0.14||$296.41 million||$312.10 million||View||Listen|
|7/30/2015||Q215||$0.30||$0.25||$284.62 million||$299.50 million||View||Listen|
|4/30/2015||Q115||($0.03)||$0.03||$215.62 million||$250.60 million||View||N/A|
|2/26/2015||Q414||$0.14||$0.31||$189.63 million||$186.80 million||View||N/A|
|10/30/2014||Q314||$0.06||$0.14||$159.60 million||$165.10 million||View||N/A|
|7/31/2014||Q214||$0.20||$0.25||$155.74 million||$158.40 million||View||N/A|
|5/1/2014||Q1 2014||($0.22)||$142.03 million||View||N/A|
|3/19/2014||Q413||$0.17||$0.90||$157.23 million||$160.40 million||View||N/A|
New Media Investment Group (NYSE:NEWM) Earnings Estimates
Current Year EPS Consensus Estimate: $-0.25 EPS
Next Year EPS Consensus Estimate: $0.69 EPS
New Media Investment Group (NYSE:NEWM) Dividend Information
|Most Recent Dividend:||11/16/2017|
|Dividend Growth:||38.00% (3 Year Average)|
|Payout Ratio:||-704.76% (Trailing 12 Months of Earnings) |
-592.00% (Based on This Year's Estimates)
214.49% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
New Media Investment Group (NYSE:NEWM) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
New Media Investment Group (NYSE NEWM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.34%
Institutional Ownership Percentage: 78.02%
New Media Investment Group (NYSE NEWM) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|8/16/2017||Michael Reed||CEO||Buy||20,000||$13.60||$272,000.00||235,769|| |
|5/1/2017||Michael Reed||CEO||Buy||40,000||$13.25||$530,000.00||215,769|| |
|2/23/2017||Laurence Tarica||Director||Buy||10,000||$15.15||$151,500.00|| |
|11/25/2016||Laurence Tarica||Director||Buy||10,000||$15.90||$159,000.00|| |
|11/23/2016||Gregory William Freiberg||CFO||Buy||10,000||$16.00||$160,000.00||117,769|| |
|11/7/2016||Gregory William Freiberg||CFO||Buy||85,000||$15.01||$1,275,850.00||107,769|| |
|11/3/2016||Michael Reed||CEO||Buy||50,000||$14.34||$717,000.00||165,769|| |
|8/25/2016||Leon G Cooperman||Major Shareholder||Buy||30,000||$15.40||$462,000.00||750,000|| |
|5/13/2016||Michael Reed||CEO||Buy||60,000||$15.90||$954,000.00||115,769|| |
|5/12/2016||Laurence Tarica||Director||Buy||15,000||$15.67||$235,050.00||58,199|| |
|5/10/2016||Gregory William Freiberg||CFO||Buy||25,000||$16.10||$402,500.00||73,269|| |
|12/1/2015||Leon G Cooperman||Major Shareholder||Sell||25,756||$18.44||$474,940.64|| |
|7/7/2015||Leon G Cooperman||Major Shareholder||Buy||119,303||$17.01||$2,029,344.03|| |
|7/6/2015||Leon G Cooperman||Major Shareholder||Buy||1,320||$17.10||$22,572.00|| |
|12/1/2014||Wesley R Edens||Director||Sell||13,831||$20.99||$290,312.69|| |
|11/25/2014||Laurence Tarica||Director||Buy||15,000||$20.43||$306,450.00|| |
|9/23/2014||Gregory William Freiberg||CFO||Buy||30,769||$16.25||$499,996.25|| |
New Media Investment Group (NYSE NEWM) News Headlines
|New Media Schedules Fourth Quarter & Full Year 2017 Results and Dividend Announcement|
finance.yahoo.com - February 7 at 9:38 AM
|BRIEF-New Media Announces Investment In TapOnIt|
www.reuters.com - February 1 at 9:36 AM
|New Media Announces Investment in TapOnIt, a Mobile Database Development Company|
finance.yahoo.com - February 1 at 9:36 AM
|New Media Investment Group (NEWM) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - January 31 at 6:16 AM
|Bond documents reveal Facebook investment in Georgia data center could hit $42 billion (Slideshow)|
www.bizjournals.com - January 26 at 4:04 PM
|Loot Crate taps Dendera as it seeks new funding -sources|
www.reuters.com - January 25 at 4:05 PM
|NY Times (NYT) Efforts Place the Stock Favorably, Up 18% YTD - Nasdaq|
www.nasdaq.com - January 22 at 1:59 PM
|ETFs with exposure to New Media Investment Group, Inc. : December 28, 2017|
finance.yahoo.com - December 28 at 3:56 PM
|Which Is the Better Investment: Telus Corporation or Shaw Communications Inc.?|
www.msn.com - December 27 at 2:17 PM
|Does NY Times Efforts Place the Stock Favorably for 2018?|
finance.yahoo.com - December 27 at 2:17 PM
|GateHouse CEO: 'We couldn't be happier with how things are going in Ohio'|
finance.yahoo.com - December 21 at 9:25 AM
|RealFoundations Helps IREI Launch New Institute to Advance Relationships Between Investors, Investment Managers and Real Estate Operating Companies|
www.bizjournals.com - December 20 at 5:21 PM
|Boston Herald files for bankruptcy, sells to GateHouse Media|
finance.yahoo.com - December 8 at 5:17 PM
|ETFs with exposure to New Media Investment Group, Inc. : December 7, 2017|
finance.yahoo.com - December 7 at 5:51 PM
|Are NY Times (NYT) Efforts Enough to Counter Soft Ad Demand? - Nasdaq|
www.nasdaq.com - November 28 at 5:23 PM
|New Media Investment Group Inc. (NEWM) Stock Rating Upgraded by BidaskClub|
www.americanbankingnews.com - November 26 at 6:10 AM
|ETFs with exposure to New Media Investment Group, Inc. : November 17, 2017|
finance.yahoo.com - November 18 at 7:32 AM
|New Media Investment Group, Inc. : NEWM-US: Dividend Analysis : November 08th, 2017 (record date) : By the numbers : November 13, 2017|
finance.yahoo.com - November 14 at 5:07 AM
|New Media Investment Group Inc. (NEWM) Ex-Dividend Date Scheduled for|
www.nasdaq.com - November 7 at 7:39 AM
|New Media Investment Group Inc. (NEWM) Increases Dividend to $0.37 Per Share|
www.americanbankingnews.com - November 2 at 10:39 AM
|ETFs with exposure to New Media Investment Group, Inc. : October 30, 2017|
finance.yahoo.com - October 31 at 6:54 AM
|New Media Investment Group, Inc. :NEWM-US: Earnings Analysis: Q3, 2017 By the Numbers : October 27, 2017|
finance.yahoo.com - October 29 at 7:13 AM
|New Media Announces Solid Third Quarter 2017 Results and ... - Business Wire (press release)|
www.businesswire.com - October 27 at 8:24 AM
|New Media Investment Group (NEWM) Raises Quarterly Dividend 5.7% to $0.37; 9.6% Yield - StreetInsider.com|
www.streetinsider.com - October 27 at 8:24 AM
|New Media Announces Solid Third Quarter 2017 Results and Increases the Dividend to $0.37 per Common Share|
finance.yahoo.com - October 27 at 8:24 AM
|New Media Investment reports 3Q loss|
finance.yahoo.com - October 27 at 8:24 AM
|Edited Transcript of NEWM earnings conference call or presentation 26-Oct-17 2:00pm GMT|
finance.yahoo.com - October 27 at 8:24 AM
|GateHouse Media Deploys Prodoscore for Productivity Improvement|
www.nasdaq.com - October 25 at 8:03 AM
|New Media Investment Group Inc. (NEWM) Set to Announce Earnings on Thursday|
www.americanbankingnews.com - October 19 at 3:20 AM
|CIP Capital Makes Strategic Investment in WilsonHCG|
www.marketwatch.com - October 18 at 7:33 AM
|Salem Media Group Launches Contemporary Urban Gospel Station In St. Louis|
www.thestreet.com - October 17 at 2:14 AM
|New Media Schedules Third Quarter Results and Dividend ... - Business Wire (press release)|
www.businesswire.com - October 14 at 6:06 AM
|Selz Capital LLC Buys SPX Corp, Liberty Ventures Group, Applied Materials Inc, Sells Kinder ...|
www.nasdaq.com - October 13 at 7:23 AM
|New Media Schedules Third Quarter Results and Dividend Announcement|
finance.yahoo.com - October 13 at 7:23 AM
|Innovativ Media (INMG) Redeems Series B Preferred Shares|
www.marketwatch.com - October 12 at 7:27 AM
|Macquarie Investment Management Raises More Than $113,000 for Girls Inc. of Greater Philadelphia and Southern New Jersey at Annual Charity Golf Classic|
www.businesswire.com - October 11 at 3:02 AM
|Jalou Media Group And GEM Group Announce The Launch Of L'Officiel USA Inc.|
www.prnewswire.com - October 11 at 3:02 AM
|TMX Group Equity Financing Statistics - September 2017|
www.marketwatch.com - October 6 at 9:48 AM
|Senate confirms FCC chairman to new five-year term|
www.reuters.com - October 2 at 10:53 PM
|Two Sigma Securities Announces Closing of Acquisition of the U.S. Options Market-Making Business of Interactive Brokers Group|
www.bizjournals.com - October 2 at 11:21 AM
|Consumer Stocks Do the Heavy Lifting to Put the S&P 500 at New Record|
www.thestreet.com - September 28 at 7:07 PM
|J2 Global names new CEO|
www.bizjournals.com - September 28 at 7:07 PM
|Corporate News Blog - New Media Collaborates with ZipRecruiter; Set to Deliver Enhanced Job Search Experience|
finance.yahoo.com - September 22 at 10:58 AM
|New Media Investment Group (NEWM) Announces Exclusive ... - StreetInsider.com|
www.streetinsider.com - September 20 at 6:51 AM
|New Media and ZipRecruiter Announce Agreement to Transform Hiring in Over 550 Markets Across the U.S.|
finance.yahoo.com - September 20 at 6:51 AM
|Suburban Philadelphia newspaper group endures buyouts, layoffs|
www.bizjournals.com - September 19 at 2:39 AM
|Giant Eagle takes media buying account to NY agency|
www.bizjournals.com - September 16 at 6:59 AM
|New Media Investment Group, Inc. breached its 50 day moving average in a Bearish Manner : NEWM-US : September 11, 2017|
finance.yahoo.com - September 12 at 5:44 AM
|New Media Investment Group, Inc. : NEWM-US: Dividend Analysis : August 09th, 2017 (record date) : By the numbers : September 11, 2017|
finance.yahoo.com - September 12 at 5:44 AM
|New Media Still Seems To Make Zero Sense - Seeking Alpha|
seekingalpha.com - September 9 at 6:38 AM
New Media Investment Group (NYSE:NEWM) SEC Filings
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New Media Investment Group (NYSE:NEWM) Income Statement, Balance Sheet and Cash Flow Statement
New Media Investment Group (NYSE NEWM) Stock Chart for Tuesday, February, 20, 2018