The New York Times Company (NYSE: NYT) has reported E.P.S. of $0.39 for its third fiscal quarter (ending September 30) versus $0.33 for the same period a year ago — an increase of 18%. For the latest four quarters through September 30, E.P.S. were $1.70 compared to $1.17 a year ago — an increase of 45%.
Recent Price Action
The New York Times Company (NYSE: NYT) stock suffered a large decline of -7.7% on 11/4/24. The stock closed at $52.45. Moreover, exceptionally high trading volume at 316% of normal accompanied the decline. The stock has declined -5.4% during the last week but has been exceptionally strong relative to 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. New York Times has a poor Appreciation Score of 16 but a good Power Rating of 84, with the Neutral Value Trend Rating the result.
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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