News (NWSA) to Release Quarterly Earnings on Thursday

News (NASDAQ:NWSA) is anticipated to release its results after the market closes on Thursday, February 5th. Analysts expect News to post earnings of $0.33 per share and revenue of $2.2970 billion for the quarter.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. News had a return on equity of 5.68% and a net margin of 13.80%.The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down 16.8% compared to the same quarter last year. 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 1.0%

NWSA stock opened at $26.77 on Tuesday. The stock has a market capitalization of $15.03 billion, a P/E ratio of 12.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. News has a 1-year low of $23.38 and a 1-year high of $31.61. The business has a fifty day moving average price of $26.22 and a 200-day moving average price of $27.54.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NWSA shares. JPMorgan Chase & Co. decreased their target price on News from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Weiss Ratings cut shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Guggenheim cut their target price on shares of News from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, News currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

Hedge Funds Weigh In On News

A number of institutional investors have recently bought and sold shares of NWSA. Caitong International Asset Management Co. Ltd bought a new stake in News during the third quarter valued at about $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of News during the 2nd quarter valued at about $30,000. Advisory Services Network LLC bought a new position in shares of News during the 3rd quarter valued at approximately $35,000. Brown Brothers Harriman & Co. increased its holdings in 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 acquiring an additional 780 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in News by 153.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,307 shares of the company’s stock worth $163,000 after acquiring an additional 3,212 shares during the period. 66.97% of the stock is owned by institutional investors.

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.