Tuesday, 20 February, 2018

The New York Times Company (NYSE:NYT) Experiencing Unusual Activity Mid-day

U.S. President-elect Donald Trump makes its way past the New York Times building after a meeting in New York U U.S. President-elect Donald Trump makes its way past the New York Times building after a meeting in New York U
Nellie Chapman | 09 February, 2018, 03:49

(NYSE:NYT) is up 9.2% and tagged a new 10-year high today on Q4 earnings where a sharp increase in subscriptions outweighed ad declines and boosted revenues by double digits.

Total revenue for the year increased 8 percent, to $1.7 billion, and 10 percent in the fourth quarter, to $484 million. New York Times's dividend payout ratio is now 26.67%. The New York Times Company (NYT) has had a 20-day average volume of 2,831,390 shares, with an average of 0% of short term indicators pointed at Hold. Digital-only subscription revenue increased 46 percent in 2017, to $340 million, and 51 percent for the quarter, to $96 million. Institutional investors and hedge funds own 67.71% of the company's stock.

They expect $0.3 EPS, up 0% or $0 from last year's $0.3 per share. Jefferies Group reaffirmed a "hold" rating and set a $18.00 target price on shares of New York Times in a research note on Monday, October 16th. Kahn Brothers Group Inc De owns 3.11 million shares or 9.32% of their USA portfolio. LS Investment Advisors LLC increased its holdings in New York Times by 23.3% during the 4th quarter.

According to reports, analysts had estimated a profit of 29 cents a share on revenue of $467.3 million, on average.

Thompson also expressed cautious optimism that changes at Google are supporting subscription growth and that Facebook will favor quality destinations like the New York Times as it continues tinkering with its news feed. The stock has now tripled in value to more than $24 per share. Finally, ValuEngine cut shares of New York Times from a "buy" rating to a "hold" rating in a research report on Friday, December 1st. In the most recent quarterly financial report, for the quarter ending Sep.

A number of other research analysts have also recently weighed in on the stock. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. New York Times now has an average rating of "Hold" and a consensus target price of $16.95. PNC Financial Services Group Inc. now owns 6,635 shares of the company's stock worth $118,000 after purchasing an additional 429 shares during the last quarter. Franklin Resources Inc. lifted its holdings in New York Times by 2.1% during the second quarter.

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The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The Company's principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms.