The New York Times Company (NYSE: NYT) has reported E.P.S. of $0.25 for its first fiscal quarter (ending March 31) versus $0.14 for the same period a year ago — an increase of 79%. This result exceeded the consensus estimate of $0.24 by $0.01. For the latest four quarters through March 31, E.P.S. were $1.53 compared to $1.16 a year ago — an increase of 32%.
Recent Price Action
The New York Times Company (NYSE: NYT) stock closed at $47.74 on 5/8/24 after a large increase of 3.2%. Moreover, trading volume in this advance was exceptionally high at 238% of normal. The stock has risen 10.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NYT is expected to continue to be an important Value Builder.
New York Times has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. New York Times has a neutral Power Rating of 49 but a poor Appreciation Score of 17, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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