New York Times Company (The) (NYSE:NYT) – Jefferies Group upped their FY2017 earnings estimates for shares of New York Times Company (The) in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will earn $0.70 per share for the year, up from their prior forecast of $0.68. Jefferies Group has a “Hold” rating and a $18.00 price objective on the stock. Jefferies Group also issued estimates for New York Times Company (The)’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.14 EPS, FY2019 earnings at $0.69 EPS and FY2020 earnings at $0.79 EPS.

New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The business had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. New York Times Company (The) had a net margin of 6.02% and a return on equity of 13.46%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS.

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Several other equities analysts have also recently commented on NYT. Barclays PLC raised their price target on shares of New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.45.

New York Times Company (NYT) opened at $17.30 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. New York Times Company has a 1 year low of $10.75 and a 1 year high of $20.15. The firm has a market cap of $2,820.00, a P/E ratio of 24.24 and a beta of 1.67.

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of New York Times Company (The) by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after purchasing an additional 673 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in New York Times Company (The) by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after acquiring an additional 429 shares in the last quarter. LS Investment Advisors LLC raised its stake in New York Times Company (The) by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock worth $173,000 after acquiring an additional 1,452 shares in the last quarter. Sei Investments Co. raised its stake in New York Times Company (The) by 93.3% during the 2nd quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock worth $183,000 after acquiring an additional 4,990 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in New York Times Company (The) by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after acquiring an additional 180 shares in the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.92%. New York Times Company (The)’s dividend payout ratio (DPR) is currently 26.23%.

About New York Times Company (The)

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Earnings History and Estimates for New York Times Company (The) (NYSE:NYT)

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