News Corp. (NWSA) Trading Down 1.1%
News Corp. (NASDAQ:NWSA)’s share price was down 1.1% during mid-day trading on Friday . The company traded as low as $13.80 and last traded at $13.81, with a volume of 1,457,269 shares traded. The stock had previously closed at $13.97.
A number of equities analysts have issued reports on NWSA shares. TheStreet upgraded News Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Morgan Stanley restated a “hold” rating on shares of News Corp. in a report on Thursday, August 18th. Finally, Zacks Investment Research upgraded News Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. News Corp. presently has an average rating of “Buy” and a consensus target price of $17.13.
The company has a 50 day moving average price of $13.24 and a 200-day moving average price of $12.22. The firm has a market cap of $8.09 billion and a P/E ratio of 45.70.
News Corp. (NASDAQ:NWSA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.03. During the same period in the prior year, the business earned $0.07 earnings per share. The firm earned $2.23 billion during the quarter, compared to the consensus estimate of $2.06 billion. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that News Corp. will post $0.44 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $0.10 per share. 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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