New York Times Co. (NYSE: NYT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

NYT belongs to the Communication Services sector of the NYSE while operating in the Publishing industry. The current market capitalization of New York Times Co. is $8.65B. A total of 1.88 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, BENTEN R ANTHONY sold 5,171 shares of NYT for 48.98 per share on May 21 ’24. After the transaction, the SVP, Treasurer & CAO now owns 38,576 company shares. In a previous transaction on May 10 ’24, KOPIT LEVIEN MEREDITH A. sold 12,548 shares at 47.72 per share. NYT shares that PRESIDENT & CEO owns now total 120,072.

Among the insiders who sold shares, Brayton Diane disposed of 7,000 shares on Feb 22 ’24 at a per-share price of $42.84. This resulted in the EVP, GENERAL COUNSEL holding 39,312 shares of NYT after the transaction. In another insider transaction, KOPIT LEVIEN MEREDITH A. sold 13,543 shares at $44.11 per share on Feb 16 ’24. Company shares held by the PRESIDENT & CEO now total 90,759.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. New York Times Co. pays an annual dividend of $0.48, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 34.79. NYT’s most recent ex-dividend date was 7/9/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 7/25/2024. Previously, the company paid the dividend on 4/18/2024 with an ex-dividend date of 4/1/2024. The NYT stock dividend was $0.13 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, NYT has a high of $54.36 and a low of $39.73.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NYT’s latest balance sheet shows that the firm has $661.05M in Cash & Short Term Investments as of fiscal 2021. There were $63.61M in debt and $559.15M in liabilities at the time. Its Book Value Per Share was $10.63, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NYT is Buy with a score of 4.14.

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