The closing price of New York Times Co. (NYSE: NYT) was $43.33 for the day, up 0.74% from the previous closing price of $43.01. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 968083 shares were traded. NYT stock price reached its highest trading level at $43.60 during the session, while it also had its lowest trading level at $43.13.
Ratios:
Our analysis of NYT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On February 09, 2023, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $25 to $36.
Morgan Stanley Downgraded its Overweight to Equal-Weight on December 16, 2022, while the target price for the stock was maintained at $37.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 22 ’24 when Brayton Diane sold 7,000 shares for $42.84 per share. The transaction valued at 299,880 led to the insider holds 39,312 shares of the business.
KOPIT LEVIEN MEREDITH A. sold 13,543 shares of NYT for $597,382 on Feb 16 ’24. The PRESIDENT & CEO now owns 90,759 shares after completing the transaction at $44.11 per share. On Feb 14 ’24, another insider, Perpich David S., who serves as the Director of the company, sold 3,014 shares for $44.03 each. As a result, the insider received 132,706 and left with 20,813 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NYT now has a Market Capitalization of 7.11B and an Enterprise Value of 6.70B. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.87, and their Forward P/E ratio for the next fiscal year is 23.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 4.04. Its current Enterprise Value per Revenue stands at 2.76 whereas that against EBITDA is 16.80.
Stock Price History:
Over the past 52 weeks, NYT has reached a high of $49.87, while it has fallen to a 52-week low of $35.06. The 50-Day Moving Average of the stock is 46.32, while the 200-Day Moving Average is calculated to be 42.93.
Shares Statistics:
NYT traded an average of 1.39M shares per day over the past three months and 1.42M shares per day over the past ten days. A total of 163.76M shares are outstanding, with a floating share count of 159.60M. Insiders hold about 2.76% of the company’s shares, while institutions hold 90.69% stake in the company. Shares short for NYT as of Feb 15, 2024 were 4.44M with a Short Ratio of 3.19, compared to 5.46M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.71% and a Short% of Float of 2.78%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, NYT has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 1.02%, it implies a Forward Annual Dividend Yield of 1.20%. The stock’s 5-year Average Dividend Yield is 0.72. The current Payout Ratio is 31.37% for NYT, which recently paid a dividend on Apr 18, 2024 with an ex-dividend date of Apr 01, 2024. Stock splits for the company last occurred on Jul 02, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.17, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.38, with high estimates of $0.4 and low estimates of $0.37.
Analysts are recommending an EPS of between $1.8 and $1.64 for the fiscal current year, implying an average EPS of $1.68. EPS for the following year is $1.87, with 6 analysts recommending between $1.99 and $1.77.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $595.16M to a low estimate of $586M. As of the current estimate, New York Times Co.’s year-ago sales were $571M, an estimated increase of 3.60% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for NYT’s current fiscal year. The highest revenue estimate was $2.57B, while the lowest revenue estimate was $2.54B, resulting in an average revenue estimate of $2.56B. In the same quarter a year ago, actual revenue was $2.43B, up 5.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.7B in the next fiscal year. The high estimate is $2.75B and the low estimate is $2.65B. The average revenue growth estimate for next year is up 5.80% from the average revenue estimate for this year.
