The New York Times Company (NYSE:NYT) shares traded lower over the last trading session, losing -1.98% on 06/03/21. The shares fell to a low of $41.77 before closing at $42.13. Intraday shares traded counted 1.3 million, which was 31.44% higher than its 30-day average trading volume of 1.89M. NYT’s previous close was $42.98 while the outstanding shares total 167.65M. The firm has a beta of 0.80, a 12-month trailing P/E ratio of 65.32, and a growth ratio of 19.79. The stock’s Relative Strength Index (RSI) is 39.57, with weekly volatility at 2.42% and ATR at 1.19. The NYT stock’s 52-week price range has touched low of $37.21 and a $58.73 high.
Investors have identified the Publishing company The New York Times Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.12 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The New York Times Company (NYT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 786.65 million total, with 440.71 million as their total liabilities.
NYT were able to record 26.54 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -11.73 million. In cash movements, the company had a total of 32.93 million as operating cash flow.
Potential earnings growth for The New York Times Company (NYT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, The New York Times Company recorded a total of 473.05 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 6.22% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -7.68%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 251.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 222.05 million. This allows shareholders to hold on to 167.65M with the recently reported earning now reading 0.25 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.26 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.44 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NYT sounds very interesting.
Is the stock of NYT attractive?
In related news, Chairman and Publisher, Sulzberger Arthur G. sold 2,000 shares of the company’s stock in a transaction that recorded on Feb 25. The sale was performed at an average price of 52.28, for a total value of 104,560. As the sale deal closes, the Director, Perpich David S. now sold 1,332 shares of the company’s stock, valued at 65,168. Also, Director, Perpich David S. sold 1,650 shares of the company’s stock in a deal that was recorded on Dec 03. The shares were price at an average price of 45.22 per share, with a total market value of 74,613. Following this completion of acquisition, the PRESIDENT & CEO, Thompson Mark now holds 58,582 shares of the company’s stock, valued at 2,551,891. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
6 out of 10 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on The New York Times Company. 1 analysts has assigned a Sell rating on the NYT stock. The 12-month mean consensus price target for the company’s shares has been set at $52.00.