News (NWSA) Set to Announce Quarterly Earnings on Wednesday

News (NASDAQ:NWSA) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

News (NASDAQ:NWSA) last announced its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Trading Up 2.0 %

NASDAQ:NWSA opened at $24.47 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $25.40 and its 200-day simple moving average is $24.03. News has a 12-month low of $16.35 and a 12-month high of $28.00. The firm has a market cap of $13.98 billion, a P/E ratio of 61.18 and a beta of 1.35.

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 12th. News’s payout ratio is 50.00%.

Analysts Set New Price Targets

NWSA has been the subject of a number of recent analyst reports. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 8th. TheStreet upgraded News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News currently has an average rating of “Buy” and an average price target of $29.50.

News Company Profile

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.