Shares of News Co. (NASDAQ:NWSA – Get Free Report) have been assigned an average rating of “Buy” from the four brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.50.
A number of analysts have recently issued reports on the stock. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. TheStreet upgraded News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th.
Check Out Our Latest Stock Report on News
Institutional Inflows and Outflows
News Trading Up 1.7 %
NWSA stock opened at $24.43 on Tuesday. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 61.08 and a beta of 1.33. The business’s 50-day moving average is $25.76 and its 200 day moving average is $23.83. News has a 12-month low of $16.35 and a 12-month high of $28.00. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33.
News (NASDAQ:NWSA – Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, sell-side analysts anticipate that News will post 0.72 EPS for the current fiscal year.
News Dividend Announcement
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio is presently 50.00%.
About News
News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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