Somewhat Positive Press Coverage Somewhat Unlikely to Affect New Media Investment Group (NEWM) Share Price

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Press coverage about New Media Investment Group (NYSE:NEWM) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. New Media Investment Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7278096686881 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of New Media Investment Group stock traded down $0.14 during trading on Friday, reaching $18.65. The company’s stock had a trading volume of 277,351 shares, compared to its average volume of 467,067. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 34.54 and a beta of 1.13. New Media Investment Group has a fifty-two week low of $12.74 and a fifty-two week high of $19.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 1.26.

New Media Investment Group (NYSE:NEWM) last announced its earnings results on Thursday, May 3rd. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $340.80 million for the quarter, compared to analysts’ expectations of $336.87 million. New Media Investment Group had a net margin of 0.15% and a return on equity of 3.42%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. analysts anticipate that New Media Investment Group will post 0.83 earnings per share for the current year.

A number of analysts have weighed in on the stock. TheStreet raised shares of New Media Investment Group from a “c” rating to a “b-” rating in a report on Monday, July 2nd. Zacks Investment Research raised shares of New Media Investment Group from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, June 15th. Finally, ValuEngine raised shares of New Media Investment Group from a “hold” rating to a “buy” rating in a report on Friday, June 15th.

About New Media Investment Group

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month.

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