New York Times (NYT) Earns Daily Coverage Optimism Rating of -0.02

News articles about New York Times (NYSE:NYT) have trended somewhat negative recently, according to Alpha One Sentiment. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New York Times earned a coverage optimism score of -0.02 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 76 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected AlphaOne Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on NYT. Zacks Investment Research upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, April 4th. TheStreet upgraded shares of New York Times from a “c+” rating to a “b” rating in a research report on Thursday, March 9th. Jefferies Group LLC increased their price target on shares of New York Times to $12.00 and gave the company a “hold” rating in a research report on Friday, February 3rd. Singular Research began coverage on shares of New York Times in a research report on Thursday, February 9th. They issued a “sell” rating and a $7.80 price target on the stock. Finally, Argus reiterated a “hold” rating on shares of New York Times in a research report on Friday, December 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. New York Times has a consensus rating of “Hold” and a consensus target price of $11.93.

Shares of New York Times (NYSE:NYT) traded up 1.37% during mid-day trading on Thursday, hitting $14.80. 788,817 shares of the company were exchanged. The firm has a 50 day moving average of $14.48 and a 200 day moving average of $13.43. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 84.09 and a beta of 1.51. New York Times has a 12-month low of $10.60 and a 12-month high of $16.35.

New York Times (NYSE:NYT) last issued its earnings results on Thursday, February 2nd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. New York Times had a return on equity of 11.87% and a net margin of 1.87%. The company had revenue of $439.70 million for the quarter, compared to analyst estimates of $437.80 million. During the same period in the prior year, the firm earned $0.37 earnings per share. New York Times’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast that New York Times will post $0.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, April 3rd. New York Times’s payout ratio is 88.89%.

In other news, Director Doreen A. Toben sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $16.06, for a total transaction of $128,480.00. Following the transaction, the director now directly owns 18,342 shares of the company’s stock, valued at $294,572.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by corporate insiders.

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New York Times Company Profile

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.

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