News (NWSA) Set to Release Earnings on Wednesday

News (NASDAQ:NWSA) is projected to issue its results after the market closes on Wednesday, November 4th. Analysts expect News to announce earnings of $0.26 per share and revenue of $2.27 billion for the quarter.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the company earned $0.19 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect News to post $1.30 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

News Trading Down 1.8%

Shares of NWSA stock traded down $0.53 during mid-day trading on Wednesday, reaching $29.45. The company’s stock had a trading volume of 151,764 shares, compared to its average volume of 4,337,274. News has a 1-year low of $22.20 and a 1-year high of $31.66. The firm’s 50-day moving average is $29.81 and its two-hundred day moving average is $26.86.

News Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th were paid a $0.10 dividend. This represents a yield of 68.0%. The ex-dividend date was Wednesday, September 9th.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of research reports. Zacks Research cut News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on News from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Wall Street Zen lowered News from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Raymond James Financial assumed coverage on shares of News in a research note on Monday, October 19th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Weiss Ratings upgraded shares of News from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, News presently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

About News

News Corp is a global media and information-services company whose Class A common stock trades on the Nasdaq under the symbol NWSA. The company operates a portfolio of businesses spanning digital and print publishing, subscription products, professional information, real estate services and book publishing.

Its principal businesses include Dow Jones, which provides financial news, data, research and professional information through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which operate newspapers and digital news platforms; and HarperCollins Publishers, which publishes fiction, nonfiction, educational and religious titles.