may delivered a positive earnings surprise The New York Times (NYSE:NYT)

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Earnings results for The New York Times (NYSE:NYT)

New York Times Company (The) is expected* to report earnings on 11/05/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.14. The reported EPS for the same quarter last year was $0.12.

The New York Times last issued its earnings data on August 5th, 2020. The reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.17. The business earned $403.80 million during the quarter, compared to analysts’ expectations of $389.25 million. Its quarterly revenue was down 7.4% on a year-over-year basis. The New York Times has generated $0.92 earnings per share over the last year and currently has a price-to-earnings ratio of 48.8. The New York Times has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on The New York Times (NYSE:NYT)

5 Wall Street analysts have issued ratings and price targets for The New York Times in the last 12 months. Their average twelve-month price target is $44.40, predicting that the stock has a possible upside of 7.12%. The high price target for NYT is $59.00 and the low price target for NYT is $20.00. There are currently 1 sell rating and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

The New York Times has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $44.40, The New York Times has a forecasted upside of 7.1% from its current price of $41.45. The New York Times has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: The New York Times (NYSE:NYT)

The New York Times has a dividend yield of 0.59%, which is in the bottom 25% of all stocks that pay dividends. The New York Times has only been increasing its dividend for 1 years. The dividend payout ratio of The New York Times is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The New York Times will have a dividend payout ratio of 21.43% next year. This indicates that The New York Times will be able to sustain or increase its dividend.

Insiders buying/selling: The New York Times (NYSE:NYT)

In the past three months, The New York Times insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,653,033.00 in company stock. Only 2.60% of the stock of The New York Times is held by insiders. 92.45% of the stock of The New York Times is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of The New York Times (NYSE:NYT

Earnings for The New York Times are expected to grow by 31.76% in the coming year, from $0.85 to $1.12 per share. The P/E ratio of The New York Times is 48.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.26. The P/E ratio of The New York Times is 48.76, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.39. The New York Times has a P/B Ratio of 5.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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