News (NWSA) to Release Earnings on Thursday

News (NASDAQ:NWSA) is expected to announce its results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $2.1105 billion for the quarter.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Trading Up 2.2%

NASDAQ NWSA opened at $26.00 on Wednesday. The firm’s fifty day moving average price is $24.72 and its 200 day moving average price is $25.38. News has a 12 month low of $22.20 and a 12 month high of $31.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of 12.79 and a beta of 0.89.

News Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a dividend yield of 83.0%. News’s dividend payout ratio (DPR) is presently 9.85%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWSA. CYBER HORNET ETFs LLC acquired a new position in shares of News during the 2nd quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of News during the 3rd quarter valued at about $31,000. Advisory Services Network LLC acquired a new position in News during the third quarter worth approximately $35,000. Brown Brothers Harriman & Co. raised its position in shares of News by 154.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after buying an additional 780 shares during the period. Finally, Global Retirement Partners LLC lifted its position in News by 561.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock valued at $45,000 after buying an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley set a $32.40 target price on News in a report on Friday, February 6th. Citigroup cut their price target on News from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Wall Street Zen cut News from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, News currently has an average rating of “Moderate Buy” and a consensus price target of $37.02.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.