Shares of News Corp. (NASDAQ:NWSA) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.17.
Several research analysts recently commented on the company. Zacks Investment Research raised News Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. TheStreet raised News Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Finally, Morgan Stanley reissued a “hold” rating on shares of News Corp. in a research note on Thursday, August 18th.
News Corp. (NASDAQ:NWSA) opened at 13.89 on Tuesday. The stock has a 50 day moving average price of $13.81 and a 200-day moving average price of $12.59. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 45.54 and a beta of 2.01. News Corp. has a one year low of $10.21 and a one year high of $15.68.
News Corp. (NASDAQ:NWSA) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.03. News Corp. had a net margin of 2.16% and a return on equity of 1.96%. The firm earned $2.23 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that News Corp. will post $0.44 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 12th. News Corp.’s dividend payout ratio (DPR) is 66.67%.
A number of hedge funds have recently made changes to their positions in NWSA. Sentry Investment Management LLC increased its stake in shares of News Corp. by 5,871.2% in the first quarter. Sentry Investment Management LLC now owns 7,882 shares of the company’s stock worth $101,000 after buying an additional 7,750 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of News Corp. during the second quarter worth about $116,000. Conning Inc. acquired a new stake in shares of News Corp. during the second quarter worth about $118,000. Societe Generale acquired a new stake in shares of News Corp. during the second quarter worth about $121,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of News Corp. during the second quarter worth about $130,000. 95.59% of the stock is owned by institutional investors.
News Corp. Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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