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NYSE:NYT

New York Times (NYT) Stock Price, News & Analysis

$54.54
-0.52 (-0.94%)
(As of 09/19/2024 ET)

About New York Times Stock (NYSE:NYT)

Key Stats

Today's Range
$54.54
$55.77
50-Day Range
$51.10
$55.47
52-Week Range
$39.73
$56.49
Volume
638,823 shs
Average Volume
1.14 million shs
Market Capitalization
$8.96 billion
P/E Ratio
36.36
Dividend Yield
0.95%
Price Target
$50.67
Consensus Rating
Moderate Buy

Company Overview

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. The company also offers The Athletic, a sports media product; Cooking, a recipe product; Games, a puzzle games product; and Audio, an audio product. In addition, it offers a portfolio of advertising products and services to advertisers, such as luxury goods, technology, and financial companies, to promote products, services or brands on digital platforms in the form of display ads, audio and video, in print in the form of column-inch ads, and at live events; and Wirecutter, a product review and recommendation product. Further, the company licenses content to digital aggregators in the business, professional, academic and library markets, and third-party digital platforms; articles, graphics, and photographs, including newspapers, magazines, and websites; and for use in television, films, and books, as well as provide rights to reprint articles, and create and sell new digests. Additionally, it engages in commercial printing and distribution for third parties; and operates the NYTimes.com website. The company was founded in 1851 and is headquartered in New York, New York.

New York Times Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 75th Percentile

New York Times scored higher than 75% of companies evaluated by MarketBeat, and ranked 57th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    New York Times has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    New York Times has only been the subject of 2 research reports in the past 90 days.

  • Read more about New York Times' stock forecast and price target.
  • Earnings Growth

    Earnings for New York Times are expected to grow by 8.95% in the coming year, from $1.90 to $2.07 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of New York Times is 36.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of New York Times is 36.36, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.54.

  • Price to Book Value per Share Ratio

    New York Times has a P/B Ratio of 5.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about New York Times' valuation and earnings.
  • Percentage of Shares Shorted

    2.62% of the float of New York Times has been sold short.
  • Short Interest Ratio / Days to Cover

    New York Times has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in New York Times has recently increased by 4.75%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    New York Times has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    New York Times does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of New York Times is 34.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, New York Times will have a dividend payout ratio of 25.12% next year. This indicates that New York Times will be able to sustain or increase its dividend.

  • Read more about New York Times' dividend.
  • Percentage of Shares Shorted

    2.62% of the float of New York Times has been sold short.
  • Short Interest Ratio / Days to Cover

    New York Times has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in New York Times has recently increased by 4.75%, indicating that investor sentiment is decreasing.
  • News Sentiment

    New York Times has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 109 news articles for New York Times this week, compared to 79 articles on an average week.
  • Search Interest

    3 people have searched for NYT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added New York Times to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, New York Times insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,095,856.00 in company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of New York Times is held by insiders.

  • Percentage Held by Institutions

    95.37% of the stock of New York Times is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about New York Times' insider trading history.
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NYT Stock News Headlines

Former Alaska Gov
Court revives Sarah Palin's libel lawsuit against The New York Times
A federal appeals court has revived Sarah Palin's libel case against The New York Times
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The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.
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NYT Stock Analysis - Frequently Asked Questions

New York Times' stock was trading at $48.99 at the beginning of 2024. Since then, NYT stock has increased by 11.3% and is now trading at $54.54.
View the best growth stocks for 2024 here
.

The New York Times Company (NYSE:NYT) issued its quarterly earnings results on Wednesday, August, 7th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The business's revenue was up 5.8% on a year-over-year basis.

New York Times' board initiated a stock repurchase program on Wednesday, February 8th 2023, which permits the company to repurchase $250,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

New York Times' top institutional shareholders include Farallon Capital Management LLC (6.04%), Darsana Capital Partners LP (3.80%), Renaissance Technologies LLC (1.77%) and Dimensional Fund Advisors LP (1.48%). Insiders that own company stock include Levien Meredith A Kopit, Arthur G Sulzberger, Roland A Caputo, Diane Brayton, R Anthony Benten, David S Perpich and William Bardeen.
View institutional ownership trends
.

Shares of NYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that New York Times investors own include Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Advanced Micro Devices (AMD), Mastercard (MA), NVIDIA (NVDA) and Tesla (TSLA).

Company Calendar

Ex-Dividend for 7/25 Dividend
7/09/2024
Dividend Payable
7/25/2024
Last Earnings
8/07/2024
Today
9/19/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Newspapers
Sub-Industry
Publishing
CUSIP
65011110
Employees
5,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.67
High Stock Price Target
$58.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-7.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$232.39 million
Pretax Margin
14.14%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$2.33 per share
Book Value
$10.72 per share

Miscellaneous

Free Float
161,025,000
Market Cap
$9.03 billion
Optionable
Optionable
Beta
1.03
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This page (NYSE:NYT) was last updated on 9/19/2024 by MarketBeat.com Staff
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