New York Times Co. (NYSE: NYT) kicked off on Friday, down -0.13% from the previous trading day, before settling in for the closing price of $55.50. Over the past 52 weeks, NYT has traded in a range of $39.73-$56.49.
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A company in the Communication Services sector has jumped its sales by 6.95% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 13.39%. With a float of $159.83 million, this company’s outstanding shares have now reached $163.76 million.
In an organization with 5900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 46.46%, operating margin of 12.98%, and the pretax margin is 14.14%.
New York Times Co. (NYT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Publishing Industry. The insider ownership of New York Times Co. is 2.68%, while institutional ownership is 90.01%. The most recent insider transaction that took place on Aug 12 ’24, was worth 986,773. In this transaction PRESIDENT & CEO of this company sold 18,300 shares at a rate of $53.92, taking the stock ownership to the 101,772 shares. Before that another transaction happened on Aug 09 ’24, when Company’s Chief Financial Officer sold 2,000 for $54.56, making the entire transaction worth $109,114. This insider now owns 10,315 shares in total.
New York Times Co. (NYT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.37 earnings per share (EPS), higher than consensus estimate (set at 0.29) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.70% during the next five years compared to 13.25% growth over the previous five years of trading.
New York Times Co. (NYSE: NYT) Trading Performance Indicators
Take a look at New York Times Co.’s (NYT) current performance indicators. Last quarter, stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65. Likewise, its price to free cash flow for the trailing twelve months is 26.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.63, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.05 in one year’s time.
Technical Analysis of New York Times Co. (NYT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.82 million. That was inferior than the volume of 1.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.94%. Additionally, its Average True Range was 0.88.
During the past 100 days, New York Times Co.’s (NYT) raw stochastic average was set at 85.27%, which indicates a significant increase from 65.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.23% in the past 14 days, which was lower than the 17.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.66, while its 200-day Moving Average is $49.31. However, in the short run, New York Times Co.’s stock first resistance to watch stands at $55.80. Second resistance stands at $56.18. The third major resistance level sits at $56.62. If the price goes on to break the first support level at $54.98, it is likely to go to the next support level at $54.54. The third support level lies at $54.16 if the price breaches the second support level.
New York Times Co. (NYSE: NYT) Key Stats
The company with the Market Capitalisation of 9.10 billion has total of 164,311K Shares Outstanding. Its annual sales at the moment are 2,426 M in contrast with the sum of 232,390 K annual income. Company’s last quarter sales were recorded 625,100 K and last quarter income was 65,540 K.
