Noble Financial Brokers Lift Earnings Estimates for Newsmax

Newsmax Inc. (NYSE:NMAX) – Investment analysts at Noble Financial increased their FY2026 EPS estimates for shares of Newsmax in a report issued on Monday, August 24th. Noble Financial analyst M. Kupinski now anticipates that the company will earn ($0.02) per share for the year, up from their previous forecast of ($0.07). The consensus estimate for Newsmax’s current full-year earnings is ($0.07) per share.

Newsmax (NYSE:NMAX) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $54.12 million for the quarter. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newsmax in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Newsmax Stock Down 3.3%

NMAX stock opened at $10.55 on Thursday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -211.00 and a beta of 2.55. The business has a fifty day simple moving average of $8.66 and a 200-day simple moving average of $7.46. Newsmax has a 52 week low of $5.11 and a 52 week high of $15.81.

Institutional Trading of Newsmax

Institutional investors have recently added to or reduced their stakes in the business. Greenwich Wealth Management LLC acquired a new stake in Newsmax in the 4th quarter valued at $176,208,000. State Street Corp lifted its stake in shares of Newsmax by 520.9% during the fourth quarter. State Street Corp now owns 628,315 shares of the company’s stock worth $4,857,000 after purchasing an additional 527,126 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Newsmax by 329.1% during the fourth quarter. Geode Capital Management LLC now owns 574,465 shares of the company’s stock worth $4,441,000 after purchasing an additional 440,577 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Newsmax by 1,033.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 458,679 shares of the company’s stock worth $3,546,000 after buying an additional 418,199 shares during the period. Finally, UBS Group AG grew its stake in shares of Newsmax by 4,495.3% in the fourth quarter. UBS Group AG now owns 421,342 shares of the company’s stock valued at $3,257,000 after buying an additional 412,173 shares in the last quarter.

Insider Activity

In other news, major shareholder Conyers Investments Llc sold 32,416 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $11.02, for a total value of $357,224.32. Following the completion of the sale, the insider owned 22,762,939 shares of the company’s stock, valued at $250,847,587.78. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 61.03% of the stock is owned by insiders.

About Newsmax

Newsmax (NYSE:NMAX) is a diversified media company that produces and distributes conservative-oriented news, opinion and informational content. The company operates across multiple platforms, including a cable news channel, a digital streaming service, a website, a print magazine and various mobile applications. Newsmax focuses on delivering political coverage, financial analysis and cultural commentary to its audience.

Originally launched as a news website in 1998, Newsmax expanded into print with the debut of Newsmax magazine in 2003 and later launched its flagship cable network, Newsmax TV, in 2014.