The stock of The New York Times Company (NYSE:NYT) decreased by remained unchanged at $55.00, down 0.00 percent. The last five days have seen an average of 1,333,380 shares of common stock traded. 4 times new highs were reached in the current year, with a gain of $3.23. The average number of shares traded over the last 20 days was 1,060,085, while the average volume over the last 50 days totaled 1,323,688.
NYT stock appreciated 7.51% since last month. On 10/01/21, the company’s shares reached a one-month low of $48.61. The stock touched a high of $58.73 on 01/27/21, after rallying from a low of $37.21 in 52 weeks. The price of NYT stock has risen by 6.24% or $3.23 this year, reaching a new high 4 times. Still, the stock price is down -6.35% from the 52-week high.
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There have been 73 days since The New York Times Company (NYT) last reported insider trading activity on Aug 13. On Aug 13, SVP, Treasurer & CAO BENTEN R ANTHONY sold 7,211 shares at $48.31 each. This transaction resulted in the insider making $348,363. On Aug 06, Brayton Diane sold 7,000 shares at a price of US$47.85. After the transaction, the insider now owns 28,193 shares. Chairman and Publisher Sulzberger Arthur G. had earlier sold 2,000 shares on Feb 25 for $52.28 a share. The transaction was completed for $104,560.
The New York Times Company (NYT) has a trailing price-to-earnings (P/E) ratio of 66.59. This level actually compares unfavorably with the industry at large, as the PE for the Publishing industry stands at about 28.47. Further, its PE also compares unfavorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of The New York Times Company has varied between 1330.00 and 28.52 in the last five years. Beta for the stock is 0.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.84, the price-to-book (PB) ratio of 6.52, and the price-to-cash flow ratio of 41.91.
The New York Times Company’s dividend is $0.28 per share per year. With a dividend yield of 0.51%, NYT has a payout ratio of 31.40%. On Oct. 22, the company paid $0.07 per share in dividends, remained unchanged from $0.07 last year. A $0.01 dividend increase was reported on Thursday February 4 2021, making it the 3 consecutive year the dividend has increased. Over the last three years, dividends have increased by 43.75%.
For the three months ended June 29, The New York Times Company’s quick ratio was 2.00, while its current ratio was 2.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 48.20% percent. The New York Times Company’s EBITDA margin for the year ended June 29 was 14.22%, whereas its operating margin stood at 8.60% for the same period. Based on annual data, it had gross profit of $823.42 million and revenue of $1.78 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NYT’s return on assets (ROA) during the last 12 months has been 6.10%. There was a 6.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.40%. ROE has averaged 4.77 in the past year for the broader industry.
According to The New York Times Company’s quarterly financial report for the quarter that ended June 29, it had $338.46 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $498.5 million, while revenues rose by 19.01% to $473.05 million. It was predicted that The New York Times Company’s quarterly earnings would be $0.36, but it ended up being $0.26, beating the consensus by 38.50%. EBITDA was $90.05 million for the quarter. Equity owned by shareholders amounts to $167.87 million.
Here’s a quick look at The New York Times Company’s (NYT) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 71.64%, suggesting the stock is Overbought, with a 20.89% historical volatility rate.
The stochastic %K and %D were 90.63% and 90.96% respectively, while the average true range (ATR) was 1.17. Based on the 14-day stochastic reading of 86.53%, the RSI (14) reading is 68.60%. On the 9-day MACD Oscillator, the stock is at 0.88, and the 14-day reading is at 1.60.
Analysts have assigned The New York Times Company (NYT) an Overweight rating. NYT is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is NYT’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $63.00, with a median target price of $56.00. In analyzing these forecasts, the average price target given by analysts for The New York Times Company (NYT) is $53.50.