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About New Media Investment Group (NYSE:NEWM)
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.
Industry, Sector and Symbol
Trailing P/E Ratio31.31
Forward P/E Ratio22.55
Sales & Book Value
Annual Sales$1.34 billion
Price / Sales0.76
Cash Flow$2.4543 per share
Price / Cash6.89
Book Value$10.86 per share
Price / Book1.56
EPS (Most Recent Fiscal Year)$0.54
Return on Equity3.42%
Return on Assets1.80%
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 Friday, May 4th. Shareholders of record on Monday, May 14th will be paid a dividend of $0.37 per share on Wednesday, May 16th. This represents a $1.48 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend is Friday, May 11th. 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 of Directors has initiated a stock buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 15.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were New Media Investment Group's earnings last quarter?
New Media Investment Group Inc (NYSE:NEWM) announced its quarterly earnings data on Thursday, May, 3rd. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The firm earned $340.80 million during the quarter, compared to analysts' expectations of $336.87 million. New Media Investment Group had a net margin of 0.15% and a return on equity of 3.42%. The company's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share. View New Media Investment Group's Earnings History.
When is New Media Investment Group's next earnings date?
Who are some of New Media Investment Group's key competitors?
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 52)
- Mr. Gregory W. Freiberg, CFO & Chief Accounting Officer (Age 51)
- Mr. Kirk A. Davis, Chief Operating Officer (Age 56)
- Ms. Ashley Higgins, Investor Relations
- Ms. Polly Grunfeld Sack Esq., Sr. VP, Sec. & Gen. Counsel of GateHouse Media LLC (Age 58)
Has New Media Investment Group been receiving favorable news coverage?
Media stories about NEWM stock have trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Media Investment Group earned a news impact score of 0.22 on Accern's scale. They also gave news coverage about the company an impact score of 48.29 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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 investors include BlackRock Inc. (11.80%), Franklin Resources Inc. (7.90%), Dimensional Fund Advisors LP (4.79%), Wells Fargo & Company MN (2.84%), United Capital Financial Advisers LLC (2.04%) and Global X Management Co. LLC (1.13%). 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.
Which institutional investors are selling New Media Investment Group stock?
NEWM stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Millennium Management LLC, Citigroup Inc., Citadel Advisors LLC, Global X Management Co. LLC, Thompson Siegel & Walmsley LLC, Alambic Investment Management L.P. and BNP Paribas Arbitrage SA. View Insider Buying and Selling for New Media Investment Group.
Which institutional investors are buying New Media Investment Group stock?
NEWM stock was acquired by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Dimensional Fund Advisors LP, Mackay Shields LLC, Barrow Hanley Mewhinney & Strauss LLC, United Capital Financial Advisers LLC, JPMorgan Chase & Co., Wells Fargo & Company MN and Guggenheim Capital 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 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 $16.91.
How big of a company is New Media Investment Group?
New Media Investment Group has a market capitalization of $1.02 billion and generates $1.34 billion in revenue each year. The company earns $-910,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. New Media Investment Group employs 10,516 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 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.
New Media Investment Group (NYSE:NEWM) Dividend Information
New Media Investment Group pays an annual dividend of $1.48 per share, with a dividend yield of 8.75%. NEWM's most recent quarterly dividend payment was Wednesday, May 16. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 38.00% each year. New Media Investment Group pays out 274.07% of its earnings out as a dividend.
|Most Recent Dividend:||5/16/2018|
|Dividend Growth:||38.00% (3 Year Average)|
|Payout Ratio(s):||274.07% (Trailing 12 Months of Earnings) |
197.33% (Based on This Year's Estimates)
178.31% (Based on Next Year's Estimates)
60.30% (Based on Cash Flow)
|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: 2.23%
Institutional Ownership Percentage: 71.99%
New Media Investment Group (NYSE NEWM) Insider Trading History
(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|
|4/10/2018||Michael Reed||CEO||Buy||25,000||$16.45||$411,250.00||270,361|| |
|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 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 Saturday, May, 26, 2018