Shares of News Corp. (NASDAQ:NWSA) have received an average rating of “Hold” from the seven brokerages that are covering the company. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.17.
Several research firms recently commented on NWSA. Zacks Investment Research upgraded News Corp. from a “sell” rating to a “hold” rating in a research report on Monday, June 13th. TheStreet upgraded News Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Finally, Morgan Stanley reiterated a “hold” rating on shares of News Corp. in a report on Thursday, August 18th.
News Corp. (NASDAQ:NWSA) opened at 13.98 on Tuesday. The firm has a 50-day moving average price of $13.82 and a 200 day moving average price of $12.61. News Corp. has a 52-week low of $10.21 and a 52-week high of $15.68. The company has a market capitalization of $8.11 billion, a P/E ratio of 45.84 and a beta of 2.01.
News Corp. (NASDAQ:NWSA) last released its quarterly earnings data on Monday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.03. News Corp. had a net margin of 2.16% and a return on equity of 1.96%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that News Corp. will post $0.46 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 12th. News Corp.’s dividend payout ratio (DPR) is presently 66.67%.
Large investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC raised its stake in News Corp. by 5,871.2% in the first quarter. Sentry Investment Management LLC now owns 7,882 shares of the company’s stock worth $101,000 after buying an additional 7,750 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in News Corp. during the second quarter worth $116,000. Conning Inc. bought a new stake in News Corp. during the second quarter worth $118,000. Societe Generale bought a new stake in News Corp. during the second quarter worth $121,000. Finally, GSA Capital Partners LLP bought a new stake in News Corp. during the second quarter worth $130,000. 95.59% of the stock is owned by institutional investors.
About News Corp.
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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