During the last session, The New York Times Company (NYSE:NYT)’s traded shares were 0.87 million, with the beta value of the company hitting 0.79. At the end of the trading day, the stock’s price was $51.72, reflecting an intraday loss of -1.77% or -$0.93. The 52-week high for the NYT share is $58.73, that puts it down -13.55 from that peak though still a striking 28.05% gain since the share price plummeted to a 52-week low of $37.21. The company’s market capitalization is $8.63B, and the average intraday trading volume over the past 10 days was 1.27 million shares, and the average trade volume was 1.35 million shares over the past three months.
The New York Times Company (NYT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. NYT has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.26.
The New York Times Company (NYSE:NYT) trade information
The New York Times Company (NYT) registered a -1.77% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.77% in intraday trading to $51.72 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 1.93%, and it has moved by 10.25% in 30 days. Based on these gigs, the overall price performance for the year is 19.56%. The short interest in The New York Times Company (NYSE:NYT) is 15.35 million shares and it means that shorts have 11.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $52.88, which implies an increase of 2.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30.00 and $63.00 respectively. As a result, NYT is trading at a discount of -21.81% off the target high and 42.0% off the low.
The New York Times Company (NYT) estimates and forecasts
Statistics show that The New York Times Company has outperformed its competitors in share price, compared to the industry in which it operates. The New York Times Company (NYT) shares have gone up 4.65% during the last six months, with a year-to-date growth rate more than the industry average at 24.74% against 5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 44.40% this quarter and then drop -9.10% in the quarter after that. In the rating firms’ projections, revenue will increase 14.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $487.68 million as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $498.46 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.40%. While earnings are projected to return -28.70% in 2021, the next five years will return 10.40% per annum.
The New York Times Company is due to release its next quarterly earnings between November 03 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for The New York Times Company is 0.28, with the dividend yield indicating at 0.54 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.72%.
The New York Times Company (NYSE:NYT)’s Major holders
The New York Times Company insiders own 1.54% of total outstanding shares while institutional holders control 94.59%, with the float percentage being 96.07%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 487 institutions own stock in it. As of Mar 30, 2021, the company held over 13.44 million shares (or 8.04% of all shares), a total value of $680.27 million in shares.
The next largest institutional holding, with 13.09 million shares, is of Blackrock Inc.’s that is approximately 7.84% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $662.77 million.
Also, the Mutual Funds coming in first place with the largest holdings of The New York Times Company (NYT) shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 4.01 million shares. This amounts to just over 2.40 percent of the company’s overall shares, with a $202.86 million market value. The same data shows that the other fund manager holds slightly less at 3.91 million, or about 2.34% of the stock, which is worth about $170.25 million.