News (NASDAQ:NWSA) will be posting its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect News to post earnings of $0.02 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
News (NASDAQ:NWSA) last announced its earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. News had a negative net margin of 1.60% and a positive return on equity of 2.59%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. On average, analysts expect News to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NWSA stock opened at $12.90 on Wednesday. News has a 12 month low of $10.65 and a 12 month high of $15.44. The stock has a market capitalization of $7.55 billion, a PE ratio of 29.32 and a beta of 1.51. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm’s 50 day simple moving average is $13.31.
A number of analysts have commented on the stock. JPMorgan Chase & Co. cut shares of News from a “neutral” rating to an “underweight” rating in a report on Thursday, July 18th. BidaskClub cut shares of News from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. Finally, ValuEngine raised shares of News from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.17.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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