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New York Times Keeps Quarterly Dividend at $0.23 a Share, Payable July 23 to Holders of Record July 8
New York Times Keeps Quarterly Dividend at $0.23 a Share, Payable July 23 to Holders of Record July 8
$NYT
$NYT
6 stories mentioning NYTUpdated 11d ago
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Research Alert: Nyt: CFRA Lifts Opinion To Hold From Sell Following Multiple Contraction
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shares of NYT have fallen 9% since we initiated our Sell on March 23, with next-12-month P/E compressing from 30x to 26x, now below its 27x three-year average. The sell-off was driven by macro headwinds (rising yields, inflation, geopolitics) rather than fundamental deterioration, prompting our upgrade to Hold from Sell. We keep our target price at $76, 27x our unchanged 2026 EPS estimate of $2.83, which remains below the five-year average of 30x. At a recent conference, CEO Levien expressed confidence in reaching 15M subscribers by 2027 vs. 13M today. Operating margins expanded from 7.9% in 2019 to 12.3% in 2025 due to digital bundle adoption. Q1 digital-only subscription revenue grew 16% Y/Y, supporting our estimates. However, we remain at Hold rather than Buy given ongoing print revenue declines (~8% of revenue, declining mid-single digits annually), and AI platform risk, where generative AI could pressure traffic over time, though NYT's premium content and recent licensing deals provide a partial offset.
$NYT
Research
Research Alert: CFRA Reiterates Sell Opinion On Shares Of The New York Times Company
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $3 to $76, based on 27x our 2026 EPS estimate, a discount to shares' 30x five-year average forward multiple. We raise our 2026 EPS estimate from $2.69 to $2.83 and 2027's from $2.82 to $2.89. Q1 2026 results included strong subscriber growth to 13.1M (+12.2% Y/Y), adding 310K new subscribers while also growing 2.4% to $9.77. Advertising revenue grew 32% to $93.3M, a significant acceleration from 2025. While this was encouraging, the company expects advertising revenue growth to decelerate to a high-teens percentage range. This has had a material impact on operating margins (Q1 margins expanded 200 bps Y/Y). Additionally, the key investor concern remains on growing average revenue per user while supporting subscriber acquisition momentum. We maintain our Sell rating primarily on valuation, as we think shares fully reflect ongoing momentum in subscriber growth and price in a more durable growth trajectory on historically cyclical ad revenues.
$NYT
Research
Research Alert: Nyt: Strong Digital Subscription And Advertising Revenue Fuel Q1 Beat
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NYT delivered a clean Q1 beat with adjusted EPS of $0.61 (+49% Y/Y) vs. consensus' $0.47, and revenue of $712.2M (+12.0% Y/Y) vs. the $700M estimate. Digital-only ARPU accelerated to +2.4% growth at $9.77, up from Q4's 0.7%, while digital advertising surged 31.6% to $93.3M, the strongest growth in five quarters. This combination of ARPU acceleration and digital ad strength reinforces the bull case for continued subscriber monetization, addressing key investor concerns around pricing power. Management guided Q2 digital subscription revenue growth of 14%-17% and digital advertising in the high-teens. We believe the 200 bps operating margin expansion to 16.6% demonstrates meaningful operating leverage as revenue growth outpaced cost increases. With the digital subscriber base reaching 12.52M, we expect continued earnings growth, led by promotional-to-paid transitions and selective price increases, though we will monitor whether net adds can maintain pace as the base scales.
$NYT
Wire
New York Times Growth Story Intact, Valuation Limits Upside, BofA Says
The New York Times (NYT) could continue to grow through its bundled digital subscriptions, advertising gains, video expansion, and potential AI licensing revenue, but recent stock outperformance and valuation expansion leave limited near-term upside, BofA Securities said in a note Wednesday.The company is well-positioned in digital media after building a broader subscription business around news, lifestyle products and utility offerings through its All Access bundle. BofA expects revenue to grow 7% annually and adjusted operating profit to rise 14% annually from 2025 through 2028.BofA said subscription revenue, which makes up nearly 70% of the business, provides recurring cash flow and visibility. Advertising could remain a growth driver, supported by stronger digital ad demand, improved monetization and engagement in areas such as Games and Sports.The investment firm also said the company's video buildout and its AI licensing deal with Amazon could create new high-margin revenue streams over time.BofA initiated coverage for The New York Times with a neutral rating and an $84 price objective, noting that valuation and risks such as potential AI-driven traffic disruption keep the risk-reward balanced.Price: $81.08, Change: $-0.54, Percent Change: -0.66%
$NYT
Research
BofA Securities Initiates New York Times at Neutral With $84 Price Target
New York Times (NYT) has an average rating of overweight and mean price target of $74.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $81.59, Change: $-0.03, Percent Change: -0.04%
$NYT
