News (NWSA) Set to Post Quarterly Earnings on Wednesday

News (NASDAQ:NWSA) is expected to be posting its results after the market closes on Wednesday, November 4th. Analysts expect News to announce earnings of $0.26 per share and revenue of $2.27 billion for the quarter.

News (NASDAQ:NWSA) last announced its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.14. News had a return on equity of 7.09% and a net margin of 6.35%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the company posted $0.19 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect News to post $1.30 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

News Price Performance

News stock opened at $29.12 on Monday. The company’s fifty day moving average price is $29.80 and its 200 day moving average price is $26.91. News has a 1 year low of $22.20 and a 1 year high of $31.66. The stock has a market capitalization of $15.76 billion, a P/E ratio of 28.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.62.

News Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.10 per share. This represents a yield of 68.0%. The ex-dividend date of this dividend was Wednesday, September 9th. News’s dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analyst Weigh In

NWSA has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on News from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Wall Street Zen downgraded News from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Zacks Research cut News from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Raymond James Financial assumed coverage on News in a research note on Monday, October 19th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, Morgan Stanley reissued an “overweight” rating and issued a $35.00 price objective on shares of News in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.80.

News Company Profile

News Corp is a global media and information-services company whose Class A common stock trades on the Nasdaq under the symbol NWSA. The company operates a portfolio of businesses spanning digital and print publishing, subscription products, professional information, real estate services and book publishing.

Its principal businesses include Dow Jones, which provides financial news, data, research and professional information through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which operate newspapers and digital news platforms; and HarperCollins Publishers, which publishes fiction, nonfiction, educational and religious titles.