Somewhat Positive News Coverage Somewhat Unlikely to Impact News Corp (NWSA) Share Price
News headlines about News Corp (NASDAQ:NWSA) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. News Corp earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7347609844927 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of News Corp (NASDAQ NWSA) traded down 1.96% during mid-day trading on Wednesday, reaching $13.00. 2,003,627 shares of the company’s stock traded hands. The firm’s market capitalization is $7.57 billion. The stock has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.21. News Corp has a 12-month low of $10.99 and a 12-month high of $14.68.
News Corp (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. News Corp had a negative net margin of 9.07% and a positive return on equity of 1.83%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Analysts anticipate that News Corp will post $0.47 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.49%. News Corp’s payout ratio is -15.63%.
Several analysts recently issued reports on the company. Zacks Investment Research cut News Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of News Corp in a research note on Sunday, July 30th. Finally, Rosenblatt Securities assumed coverage on News Corp in a research note on Friday, July 14th. They issued a “buy” rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.20.
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News Corp Company Profile
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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