News Corp. (NWSA) Stock Price Down 1.1%
News Corp. (NASDAQ:NWSA) traded down 1.1% during trading on Friday . The stock traded as low as $13.80 and last traded at $13.81, with a volume of 1,457,269 shares. The stock had previously closed at $13.97.
Several equities research analysts recently commented on the company. Zacks Investment Research raised News Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley reissued a “hold” rating on shares of News Corp. in a research note on Thursday, August 18th. Jefferies Group reissued a “buy” rating and issued a $18.00 price objective on shares of News Corp. in a research note on Friday, May 6th. Finally, TheStreet raised News Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.13.
The company has a market cap of $8.09 billion and a P/E ratio of 45.70. The firm’s 50-day moving average price is $13.17 and its 200-day moving average price is $12.20.
News Corp. (NASDAQ:NWSA) last released its earnings results on Monday, August 8th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.03. The firm earned $2.23 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that News Corp. will post $0.44 EPS 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 is Monday, September 12th.
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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