The New York Times Company (NYSE:NYT) saw a downside of -0.91% to close Tuesday at $52.26 after subtracting -$0.48 on the day. The 5-day average trading volume is 1,231,760 shares of the company’s common stock. It has gained $53.49 in the past week. An average of 1,450,535 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,421,942.
NYT’s 1-month performance is 4.94% or $1.71 on its low of $47.63 reached on 09/20/21. The company’s shares have touched a 52-week low of $37.21 and high of $58.73, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, NYT has achieved 0.95% or $0.49. However, the current price is down -11.02%% from the 52-week high price.
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On Aug 13, 61 days have gone by since the last insider trading activity for The New York Times Company (NYT). BENTEN R ANTHONY (SVP, Treasurer & CAO) most recently sold 7,211 shares at $48.31 per share on Aug 13. This transaction cost the insider $348,363. EVP, GC & SECRETARY, Brayton Diane, sold 7,000 shares at a price of $47.85 on Aug 06. Then, on Feb 25, Chairman and Publisher Sulzberger Arthur G. sold 2,000 shares at a price of $52.28 per share. This transaction amounted to $104,560.
The company’s PE ratio for the last five years has touched a high of 1330.00 and a low of 28.52. NYT stock has a beta of 0.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.53 while the price-to-book (PB) in the most recent quarter is 6.20, with the price to cash flow ratio at 39.25.
The New York Times Company pays an annual dividend of $0.28 per share. Its dividend yield is 0.54% and the payout ratio is 31.40%. NYT paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Thursday February 4 2021. Measured over the last 3 years, the Dividend has been growing by 43.75% yearly.
It is projected that The New York Times Company’s next ex-dividend date will be on 7-Jan. NYT is expected to distribute $0.07 as its next dividend.
The New York Times Company’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.00 meaning that NYT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 48.20%. The trailing 12-month EBITDA margin is 14.22% while for the period ending June 29; The New York Times Company’s operating margin was 8.60%. The firm’s gross profit as reported stood at $823.42 million against revenue of $1.78 billion.
For the quarterly period ending June 29 this year, The New York Times Company’s cash and short-term investments amounted to $338.46 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.01% to $498.5 million, while revenue of $473.05 million was 5.11% off the previous quarter. Analysts expected NYT to announce $0.26 per share in earnings in its latest quarter, but it posted $0.36, representing a 38.50% surprise. EBITDA for the quarter stood at more than $90.05 million. NYT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 929.22 million. Shareholders hold equity totaling $167.87 million
Let’s look briefly at The New York Times Company (NYT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 62.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.63%.
The stock’s 5-day moving average is $52.38, reflecting a +4.62% or $2.31 change from its current price. NYT is currently trading +5.64% above its 20-day SMA, +21.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +20.25% and +1.77% respectively.
Stochastic %K and %D was 84.29% and 89.85% and the average true range (ATR) pointed at 1.15. The RSI (14) points at 61.48%, while the 14-day stochastic is at 74.80% with the period’s ATR at 1.11. The stock’s 9-day MACD Oscillator is pointing at 1.57 and 1.67 on the 14-day charts.
In the most recent analyst report for The New York Times Company (NYSE: NYT), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for NYT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NYT as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is NYT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $63.00, with their median price target at $56.00. Looking at these predictions, the average price target given by analysts is for The New York Times Company (NYT) stock is $52.88.