New York Times (NYSE:NYT) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01, Briefing.com reports. New York Times had a return on equity of 13.40% and a net margin of 7.55%. The firm had revenue of $428.50 million for the quarter, compared to analysts’ expectations of $428.35 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year.
Shares of NYSE NYT traded up $0.76 during trading on Friday, hitting $30.97. The company had a trading volume of 868,242 shares, compared to its average volume of 1,945,867. The company has a market cap of $5.02 billion, a P/E ratio of 38.23 and a beta of 1.15. New York Times has a 52 week low of $21.34 and a 52 week high of $36.25. The business’s 50-day moving average is $29.68 and its 200 day moving average is $31.81.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Wednesday, October 2nd were issued a $0.05 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. New York Times’s dividend payout ratio is currently 24.69%.
About New York Times
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
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