New York Times Digital Subscriptions Drives Revenue Gains

Share

Newspapers such as The New York Times, the Financial Times and the Wall Street Journal are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy.

We have created an Interactive Dashboard which outlines our forecasts for the company and our expectations for its fiscal 2018 results. Usually the RSI is considered overbought when above 70 and oversold when less than 30. The company has market cap of $1.63 billion.

A price target is the projected price level of a financial security stated by an investment analyst. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward.

In the transaction dated Jun. 01, 2017, the great number of shares disposed came courtesy the Chairman and Publisher; Sulzberger Arthur Jr disposed a total of 272,250 shares at an average price of $17.53, amounting to approximately $4,772,543. There is no concrete way to calculate a price target. Analysts use common formulas and ratios to accomplish this.

Jhl Capital Group Llc holds 27.04% of its portfolio in The New York Times Company for 3.70 million shares. Paradigm Capital Management Inc Ny owns 1.05 million shares or 2.16% of their United States portfolio. Investors measure stock performance on the basis of a company's earnings power. The difference between the expected and actual EPS was $0.1/share, which represents an Earnings surprise of 34.5%. Comparatively, The New York Times Company posted earnings of $0.05 per share in the same quarter a year ago. The company reported the earnings of $0.39/Share in the last quarter where the estimated EPS by analysts was $0.29/share.


Digital advertising revenue increased 14 percent previous year, to $238 million. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income.

In the first quarter of 2018, The New York Times said it expects strong subscription revenue growth to persist, rising in the mid- to high single digits compared to the first quarter of 2017.

The High Revenue estimate is predicted as 467600, while the Low Revenue Estimate prediction stands at 467000. The Times now has 2.6 million digital-only subs, and digital-only sub revenue increased a remarkable 46 percent in 2017, to $340 million. The recent change has given its price a 22.88% lead over SMA 50 and 0.83% lead over its 52-week high. At present, 0 analysts call it Sell, while 4 think it is Hold.

Several research analysts have weighed in on the stock. New York Times now has a consensus rating of "Hold" and an average price target of $16.95. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock traded within a range of $22.65 and $25.70. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market. The company's institutional ownership is monitored at 73.7 percent. The stock climbed 42.69 percent over the past quarter, while surged 29.44 percent over the past six months.

Share