News (NWSA) to Release Earnings on Thursday

News (NASDAQ:NWSA) is projected to post 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 announced its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 5.68% and a net margin of 13.80%.The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 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 Stock Performance

NWSA opened at $26.59 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The company has a market capitalization of $14.93 billion, a PE ratio of 12.85 and a beta of 0.97. The business has a fifty day simple moving average of $26.12 and a 200 day simple moving average of $27.62. News has a 1 year low of $23.38 and a 1 year high of $31.61.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NWSA. Guggenheim reduced their target price on shares of 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 shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings lowered 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. dropped their price target 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.68.

Institutional Trading of News

Several large investors have recently made changes to their positions in NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in News by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after purchasing an additional 1,950 shares in the last quarter. United Services Automobile Association bought a new position in shares of News in the 1st quarter valued at $206,000. Empowered Funds LLC acquired a new position in shares of News during the 1st quarter worth $204,000. Focus Partners Wealth lifted its position in shares of News by 44.4% during the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after buying an additional 5,106 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in News in the second quarter valued at about $545,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Company Profile

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.