New York Times - NYT Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New York Times in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NYT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NYT, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1 year target prices for New York Times' shares. Their NYT share price forecasts range from $25.00 to $50.00. On average, they predict the company's share price to reach $36.93 in the next year. This suggests a possible upside of 28.4% from the stock's current price.
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New York Times' stock was trading at $48.30 at the start of the year. Since then, NYT stock has decreased by 40.5% and is now trading at $28.75.
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New York Times saw a decline in short interest in August. As of August 31st, there was short interest totaling 5,530,000 shares, a decline of 23.7% from the August 15th total of 7,250,000 shares. Based on an average daily volume of 1,540,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.4% of the shares of the stock are short sold.
View New York Times' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our NYT earnings forecast.

The New York Times Company (NYSE:NYT) released its quarterly earnings data on Wednesday, August, 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $555.70 million for the quarter, compared to analysts' expectations of $553.74 million. New York Times had a net margin of 8.70% and a trailing twelve-month return on equity of 12.20%. The firm's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share.

New York Times announced a quarterly dividend on Friday, September 30th. Stockholders of record on Monday, October 10th will be given a dividend of $0.09 per share on Friday, October 21st. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%.
Read our dividend analysis for NYT.

New York Times (NYSE:NYT) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYT will have a dividend payout ratio of 32.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NYT.

New York Times declared that its board has authorized a share repurchase plan on Wednesday, February 2nd 2022, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

158 employees have rated New York Times Chief Executive Officer Mark Thompson on Glassdoor.com. Mark Thompson has an approval rating of 84% among the company's employees.

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

New York Times trades on the New York Stock Exchange (NYSE) under the ticker symbol "NYT."

Shares of NYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NYT stock can currently be purchased for approximately $28.75.

New York Times (NYSE:NYT) has a market capitalization of $4.78 billion and generates $2.07 billion in revenue each year. The company earns $219.97 million in net income (profit) each year or $1.13 on an earnings per share basis.

The company employs 5,000 workers across the globe.

New York Times' mailing address is 620 EIGHTH AVENUE, NEW YORK NY, 10018. The official website for the company is www.nytco.com. The company can be reached via phone at (212) 556-1234, via email at harlan.toplitzky@nytimes.com, or via fax at 212-556-7389.