New York Times (NYT) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New York Times in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NYT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NYT, but not buy additional shares or sell existing shares.
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4 brokerages have issued 12 month price objectives for New York Times' stock. Their NYT share price forecasts range from $37.00 to $46.00. On average, they predict the company's share price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 5.3%.
View analysts price targets for NYT or view top-rated stocks among Wall Street analysts.

New York Times' stock was trading at $32.46 at the beginning of the year. Since then, NYT shares have increased by 36.6% and is now trading at $44.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our NYT earnings forecast.

The New York Times Company (NYSE:NYT) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm earned $590.85 million during the quarter, compared to analysts' expectations of $580.56 million. New York Times had a trailing twelve-month return on equity of 14.81% and a net margin of 7.45%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS.

New York Times announced a quarterly dividend on Thursday, June 29th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.11 per share on Thursday, July 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, July 10th.
Read our dividend analysis for NYT.

ETFs with the largest weight of New York Times (NYSE:NYT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Invesco Dynamic Media ETF (PBS), Clouty Tune ETF (TUNE), Franklin U.S. Low Volatility ETF (FLLV), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), WisdomTree U.S. Multifactor Fund (USMF), Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX).

New York Times (NYSE:NYT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.99%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 41.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYT will have a dividend payout ratio of 28.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NYT.

New York Times declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 8th 2023, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

158 employees have rated New York Times Chief Executive Officer Mark Thompson on Glassdoor.com. Mark Thompson has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other New York Times investors own include Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Advanced Micro Devices (AMD), Mastercard (MA), NVIDIA (NVDA), Tesla (TSLA), Activision Blizzard (ATVI), Starbucks (SBUX) and Shopify (SHOP).

New York Times trades on the New York Stock Exchange (NYSE) under the ticker symbol "NYT."

New York Times' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.43%), Jackson Square Partners LLC (3.84%), Renaissance Technologies LLC (2.00%), Geode Capital Management LLC (1.58%), Franklin Resources Inc. (1.34%) and Independent Franchise Partners LLP (1.17%). Insiders that own company stock include Arthur G Sulzberger, Arthur Sulzberger Jr, David S Perpich, Diane Brayton, Levien Meredith A Kopit, Mark Thompson and Roland A Caputo.
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Shares of NYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NYT stock can currently be purchased for approximately $44.35.

New York Times (NYSE:NYT) has a market capitalization of $7.30 billion and generates $2.31 billion in revenue each year. The company earns $173.90 million in net income (profit) each year or $1.06 on an earnings per share basis.

The company employs 5,800 workers across the globe.

New York Times' mailing address is 620 EIGHTH AVENUE, NEW YORK NY, 10018. The official website for the company is www.nytco.com. The company can be reached via phone at (212) 556-1234, via email at harlan.toplitzky@nytimes.com, or via fax at 212-556-7389.