Somewhat Positive Press Coverage Somewhat Unlikely to Affect News Corporation (NWSA) Stock Price
Media headlines about News Corporation (NASDAQ:NWSA) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. News Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.9952851349841 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- News Corporation Plans Semiannual Dividend of $0.10 (NWSA) (americanbankingnews.com)
- Realtor.com® Survey Provides Insight into Underlying Causes of Inventory Shortage (finance.yahoo.com)
- News Corporation Reports Fourth Quarter and Full Year Results for Fiscal 2017 (finance.yahoo.com)
- Edited Transcript of NWSA earnings conference call or presentation 10-Aug-17 9:00pm GMT (finance.yahoo.com)
- News Corporation (NWSA) Announces Earnings Results (americanbankingnews.com)
Shares of News Corporation (NASDAQ NWSA) traded down 1.83% during midday trading on Friday, reaching $13.43. The company’s stock had a trading volume of 3,491,029 shares. The stock’s 50-day moving average price is $13.83 and its 200-day moving average price is $13.09. The company’s market cap is $7.81 billion. News Corporation has a 12-month low of $10.99 and a 12-month high of $14.68.
News Corporation (NASDAQ:NWSA) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts expect that News Corporation will post $0.48 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s dividend payout ratio (DPR) is presently -51.28%.
A number of brokerages recently weighed in on NWSA. Rosenblatt Securities began coverage on News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 price objective on the stock. Zacks Investment Research downgraded News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of News Corporation in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. News Corporation has a consensus rating of “Hold” and a consensus price target of $15.20.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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