News (NWSA) Expected to Post Quarterly Earnings on Wednesday

News (NASDAQ:NWSA) is projected to issue its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.26 per share and revenue of $2.27 billion for the quarter.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.14. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.25 billion. News had a return on equity of 7.09% and a net margin of 6.35%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. On average, analysts expect News to post $1.30 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

News Price Performance

NWSA stock opened at $29.69 on Tuesday. News has a 52-week low of $22.20 and a 52-week high of $31.66. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 28.83 and a beta of 0.97. The business has a fifty day moving average of $29.78 and a two-hundred day moving average of $26.92.

News Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 9th. This represents a dividend yield of 68.0%. News’s dividend payout ratio is currently 19.42%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on News from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Morgan Stanley reiterated an “overweight” rating and set a $35.00 price target on shares of News in a research report on Thursday, August 6th. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of News from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 12th. Finally, Raymond James Financial started coverage on shares of News in a research report on Monday, October 19th. They set an “outperform” rating and a $35.00 price objective for the company. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.80.

News Company Profile

News Corp is a global media and information-services company whose Class A common stock trades on the Nasdaq under the symbol NWSA. The company operates a portfolio of businesses spanning digital and print publishing, subscription products, professional information, real estate services and book publishing.

Its principal businesses include Dow Jones, which provides financial news, data, research and professional information through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which operate newspapers and digital news platforms; and HarperCollins Publishers, which publishes fiction, nonfiction, educational and religious titles.