NYSE:NYTMedia
New York Times (NYT) Margin Beat Reinforces Quality Earnings Narrative Despite Slower Growth Outlook
The New York Times (NYT) reported a net profit margin of 12%, edging above last year's 10.9%, with earnings growing at an 18.9% annual pace over the past five years. Looking ahead, earnings are forecast to climb at 12.55% per year, but both this and revenue growth projections of 5.6% annually trail the wider US market’s estimates. With a strong historical track record and shares trading below an estimated fair value, investors may see the rising margins and solid earnings quality as...