News (NWSA) Expected to Announce Quarterly Earnings on Thursday

News (NASDAQ:NWSA - Get Free Report) is projected to release its earnings data after the market closes on Thursday, May 8th. Analysts expect News to post earnings of $0.19 per share and revenue of $2.00 billion for the quarter.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Stock Up 1.9 %

Shares of NWSA stock traded up $0.52 during mid-day trading on Friday, hitting $27.58. 1,938,620 shares of the stock traded hands, compared to its average volume of 2,818,026. The stock's fifty day moving average is $26.74 and its two-hundred day moving average is $27.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. News has a 52-week low of $22.65 and a 52-week high of $30.69. The stock has a market cap of $15.65 billion, a P/E ratio of 37.78 and a beta of 1.30.

News Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, March 12th. News's dividend payout ratio is currently 27.40%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NWSA shares. Morgan Stanley lowered their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a report on Friday, January 31st. StockNews.com raised shares of News from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. Citigroup initiated coverage on shares of News in a report on Friday, January 10th. They set a "buy" rating and a $36.00 price objective on the stock. Finally, UBS Group upgraded News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $38.80.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.