Brokerages predict that News Corp (NASDAQ:NWSA) will post earnings per share (EPS) of $0.06 for the current quarter, according to Zacks. Two analysts have made estimates for News’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. News reported earnings of $0.07 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The company is scheduled to issue its next earnings results on Thursday, November 8th.

On average, analysts expect that News will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.38 to $0.45. For the next year, analysts expect that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.44 to $0.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover News.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, August 9th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. News had a negative net margin of 16.78% and a positive return on equity of 2.41%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis.

NWSA has been the subject of several recent research reports. Morgan Stanley downgraded shares of News from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $17.00 to $12.50 in a report on Monday, August 20th. Loop Capital upgraded shares of News from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of News from a “sell” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine downgraded shares of News from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, UBS Group upgraded shares of News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. News currently has a consensus rating of “Hold” and an average price target of $15.50.

NASDAQ:NWSA opened at $12.88 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.14. News has a twelve month low of $12.23 and a twelve month high of $17.29. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 4.66 and a beta of 1.86.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a dividend yield of 1.47%. News’s dividend payout ratio (DPR) is presently 45.45%.

Several hedge funds and other institutional investors have recently modified their holdings of NWSA. Wells Fargo & Company MN grew its holdings in shares of News by 76.4% during the first quarter. Wells Fargo & Company MN now owns 1,431,161 shares of the company’s stock worth $22,613,000 after buying an additional 619,799 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of News by 29.6% during the first quarter. Teacher Retirement System of Texas now owns 137,072 shares of the company’s stock worth $2,166,000 after buying an additional 31,280 shares in the last quarter. BlackRock Inc. grew its holdings in shares of News by 1.4% during the first quarter. BlackRock Inc. now owns 25,930,670 shares of the company’s stock worth $409,707,000 after buying an additional 362,087 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of News by 25.2% during the first quarter. Toronto Dominion Bank now owns 206,452 shares of the company’s stock worth $3,262,000 after buying an additional 41,524 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of News by 22.7% during the first quarter. JPMorgan Chase & Co. now owns 3,328,933 shares of the company’s stock worth $52,597,000 after buying an additional 616,957 shares in the last quarter. Institutional investors and hedge funds own 60.85% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Earnings History and Estimates for News (NASDAQ:NWSA)

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