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 twelve months. 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 analysts have issued 1-year price targets for New York Times' shares. Their NYT share price forecasts range from $25.00 to $50.00. On average, they anticipate the company's share price to reach $36.93 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price.
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New York Times' stock was trading at $48.30 at the beginning of 2022. Since then, NYT stock has decreased by 27.4% and is now trading at $35.05.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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The New York Times Company (NYSE:NYT) announced 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 company earned $555.70 million during the quarter, compared to analysts' expectations of $553.74 million. New York Times had a trailing twelve-month return on equity of 12.20% and a net margin of 8.70%. New York Times's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS.

New York Times declared a quarterly dividend on Wednesday, June 29th. Stockholders of record on Monday, July 11th will be paid a dividend of $0.09 per share on Thursday, July 21st. This represents a $0.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, July 8th.
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 1.14%. 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 stock buyback plan on Wednesday, February 2nd 2022, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management 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 a number of retail and institutional investors. Top institutional investors include UBS Group AG (2.70%), Ardevora Asset Management LLP (0.97%), Fiera Capital Corp (0.90%), Reynders McVeigh Capital Management LLC (0.43%), Principal Financial Group Inc. (0.39%) and Rhumbline Advisers (0.28%). 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 $35.05.

New York Times (NYSE:NYT) has a market capitalization of $5.87 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.