New York Times - NYT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New York Times in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 12 month target prices for New York Times' stock. Their NYT share price forecasts range from $31.50 to $41.00. On average, they expect the company's stock price to reach $37.08 in the next year. This suggests that the stock has a possible downside of 2.9%.
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New York Times' stock was trading at $32.46 on January 1st, 2023. Since then, NYT shares have increased by 17.7% and is now trading at $38.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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The New York Times Company (NYSE:NYT) issued its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $509.10 million for the quarter, compared to the consensus estimate of $499.32 million. New York Times had a net margin of 7.53% and a trailing twelve-month return on equity of 13.74%. New York Times's quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share.

New York Times declared a quarterly dividend on Wednesday, February 8th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.11 per share on Thursday, April 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, April 4th. This is an increase from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for NYT.

ETFs with the largest weight of New York Times (NYSE:NYT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Invesco Dynamic Media ETF (PBS), Vanguard Communication Services ETF (VOX), Fidelity MSCI Communication Services Index ETF (FCOM), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), WisdomTree U.S. Multifactor Fund (USMF), RiverNorth Patriot ETF (FLDZ) and Fidelity Dividend ETF for Rising Rates (FDRR).

New York Times (NYSE:NYT) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 34.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYT will have a dividend payout ratio of 24.16% 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 announced that its board has approved a share repurchase program on Wednesday, February 8th 2023, which allows the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are 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."

New York Times' stock is owned by many different institutional and retail investors. Top institutional shareholders include Stockbridge Partners LLC (5.17%), Jackson Square Partners LLC (4.88%), Sculptor Capital LP (2.50%), Renaissance Technologies LLC (1.81%), Geode Capital Management LLC (1.41%) and Franklin Resources Inc. (1.19%). Insiders that own company stock include Arthur G Sulzberger, Arthur Sulzberger Jr, David S Perpich, Diane Brayton, Levien Meredith A Kopit, Mark Thompson and Roland A Caputo.
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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 $38.19.

New York Times (NYSE:NYT) has a market capitalization of $6.28 billion and generates $2.31 billion in revenue each year. The company earns $173.90 million in net income (profit) each year or $1.05 on an earnings per share basis.

The company employs 5,800 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.