News (NASDAQ:NWSA – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect News to post earnings of $0.16 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
News (NASDAQ:NWSA – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. News had a return on equity of 4.51% and a net margin of 2.64%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
News Trading Up 0.4 %
Shares of NWSA opened at $27.42 on Tuesday. News has a 1-year low of $20.35 and a 1-year high of $28.62. The company has a market capitalization of $15.59 billion, a P/E ratio of 59.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $26.66.
News Announces Dividend
Analysts Set New Price Targets
A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital raised their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $38.00.
Read Our Latest Stock Report on News
News Company Profile
News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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