The New York Times Company (NYSE: NYT) has reported earnings for its second fiscal quarter (ending June 30) of $0.40 versus $0.28 for the same period a year ago — an increase of 43%. Relative to the consensus estimate of $0.41, this was a shortfall of $-0.01. For the latest four quarters through June 30, E.P.S. were $1.64 compared to $1.07 a year ago — an increase of 53%.
Recent Price Action
The New York Times Company (NYSE: NYT) stock enjoyed a large increase of 3.4% on 8/7/24. The stock closed at $53.92. Moreover, trading volume in this advance was above average at 139% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.0% during the last week.
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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Times has a very low Appreciation Score of 14 but a good Power Rating of 72, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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