New York Times Company (The) (NYT) Getting Somewhat Negative Press Coverage, Analysis Shows

News coverage about New York Times Company (The) (NYSE:NYT) has been trending somewhat negative this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. New York Times Company (The) earned a daily sentiment score of -0.03 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.2384724921216 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

NYT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC boosted their price objective on shares of New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.20.

Shares of New York Times Company (NYSE NYT) opened at 19.20 on Friday. The stock’s 50 day moving average is $18.71 and its 200-day moving average is $16.86. New York Times Company has a one year low of $10.60 and a one year high of $20.15. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 48.85 and a beta of 1.78.

New York Times Company (The) (NYSE:NYT) last announced its earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The company had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $393.07 million. During the same period last year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts predict that New York Times Company will post $0.71 EPS for the current fiscal year.

In other New York Times Company (The) news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $19.27, for a total value of $10,049,305.00. Following the completion of the transaction, the insider now directly owns 19,353,000 shares in the company, valued at $372,932,310. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James M. Follo sold 138,161 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the completion of the transaction, the chief financial officer now owns 136,523 shares of the company’s stock, valued at $2,589,841.31. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

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New York Times Company (The) 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.

Insider Buying and Selling by Quarter for New York Times Company (The) (NYSE:NYT)

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