News (NASDAQ:NWSA) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 7th. Analysts expect News to post earnings of $0.06 per share for the quarter.
News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.36 billion. News had a positive return on equity of 2.41% and a negative net margin of 16.78%. News’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, analysts expect News to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NWSA opened at $12.97 on Wednesday. The stock has a market capitalization of $7.39 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 4.50 and a beta of 1.86. News has a one year low of $12.23 and a one year high of $17.29. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.14.
NWSA has been the subject of a number of analyst reports. Zacks Investment Research raised News from a “sell” rating to a “hold” rating in a report on Friday, September 14th. UBS Group raised News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. ValuEngine downgraded News from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Goldman Sachs Group raised News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley downgraded News from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $17.00 to $12.50 in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.50.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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