News (NWSA) to Release Earnings on Thursday

News (NASDAQ:NWSA) will likely be posting its results after the market closes on Thursday, February 5th. Analysts expect News to post earnings of $0.33 per share and revenue of $2.2970 billion for the quarter.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. News had a net margin of 13.80% and a return on equity of 5.68%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Stock Performance

NASDAQ:NWSA opened at $25.01 on Wednesday. The stock has a market capitalization of $14.04 billion, a P/E ratio of 12.08 and a beta of 0.99. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. News has a 1 year low of $23.38 and a 1 year high of $31.61. The firm has a 50 day moving average of $26.21 and a 200-day moving average of $27.51.

Institutional Investors Weigh In On News

Institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new position in News in the second quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of News in the 3rd quarter valued at $31,000. Advisory Services Network LLC bought a new position in shares of News in the 3rd quarter worth $35,000. Brown Brothers Harriman & Co. grew its stake in shares of News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after purchasing an additional 780 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in News by 153.3% in the third quarter. CIBC Private Wealth Group LLC now owns 5,307 shares of the company’s stock valued at $163,000 after purchasing an additional 3,212 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NWSA has been the subject of several research analyst reports. Guggenheim cut their price objective on News from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Zacks Research raised News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings downgraded shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of News from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.68.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.