News (NWSA) Projected to Post Quarterly Earnings on Thursday

News (NASDAQ:NWSA) will likely be posting its results after the market closes on Thursday, November 6th. Analysts expect News to post earnings of $0.18 per share and revenue of $2.1147 billion for the quarter.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Stock Down 2.4%

News stock opened at $26.05 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84. The business’s 50-day simple moving average is $28.59 and its two-hundred day simple moving average is $28.48. The company has a market cap of $14.72 billion, a PE ratio of 12.52 and a beta of 1.17. News has a fifty-two week low of $23.38 and a fifty-two week high of $31.61.

News Announces Dividend

The company also recently declared a half year 25 dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.10 per share. This represents a yield of 70.0%. The ex-dividend date was Wednesday, September 10th. News’s payout ratio is presently 9.62%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on News from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of News in a research note on Wednesday, October 8th. Macquarie reiterated a “neutral” rating and set a $32.70 price target on shares of News in a research note on Wednesday, August 6th. Finally, Zacks Research downgraded News from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, News presently has an average rating of “Moderate Buy” and a consensus target price of $38.62.

Institutional Trading of News

A number of hedge funds have recently modified their holdings of NWSA. CYBER HORNET ETFs LLC purchased a new stake in shares of News in the second quarter worth about $30,000. Empowered Funds LLC acquired a new position in News in the 1st quarter worth about $204,000. United Services Automobile Association acquired a new position in News in the 1st quarter worth about $206,000. Evergreen Capital Management LLC raised its holdings in News by 34.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 10,245 shares of the company’s stock worth $304,000 after purchasing an additional 2,612 shares during the period. Finally, State of Wyoming raised its holdings in News by 19.9% in the 2nd quarter. State of Wyoming now owns 10,929 shares of the company’s stock worth $325,000 after purchasing an additional 1,813 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.