New Media Investment Group Inc (NEWM) Releases Earnings Results, Beats Expectations By $0.08 EPS

New Media Investment Group Inc (NEWM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.03. The company posted revenue of $300.10 million in the period, compared to analysts expectations of $296.27 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on New Media Investment Group Inc. Shares were Reiterated by Compass Point on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 21 from a previous price target of $24 .New Media Investment Group Inc was Downgraded by Citigroup to ” Neutral” on Apr 5, 2016.

New Media Investment Group Inc (NEWM) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.07 and reached the intraday high at $16.31. The bulls started the profit booking and pushed the shares to intraday low of $15.96. The trading session was marked by a volume range of 1,47,840 shares exchanging hands. The 52-week high of the shares is $24.32 and the 52-week low is $13.96. The market cap of the company stands at $720 M and there are 4,47,10,497 shares in public circulation.

In a different news, on Aug 10, 2015, Gregory William Freiberg (CFO) purchased 12,500 shares at $15.88 per share price. According to the SEC, on Aug 7, 2015, Laurence Tarica (director) purchased 15,000 shares at $16.31 per share price. On Aug 6, 2015, Michael Reed (CEO) purchased 20,000 shares at $16.06 per share price, according to the Form-4 filing with the securities and exchange commission.

New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications 379 Websites 360 mobile sites and six yellow page directories. Its digital marketing services business Propel Marketing (Propel) offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers Metros Large Daily Newspapers and Local Media

New Media Investment Group Inc

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