News (NWSA) Projected to Post Earnings on Tuesday

Key Points

• News Corporation (NASDAQ:NWSA) is set to announce its quarterly earnings on Tuesday, August 5th, with analysts predicting earnings of $0.19 per share and revenue of $2.09 billion.
• In its last earnings report on May 8th, News reported $0.17 EPS, missing estimates and showing a 0.8% year-over-year revenue growth.
• The stock has seen recent analyst upgrades and downgrades, with a consensus rating of "Buy" and an average target price of $39.20.

News (NASDAQ:NWSA - Get Free Report) is expected to release its earnings data after the market closes on Tuesday, August 5th. Analysts expect News to post earnings of $0.19 per share and revenue of $2.09 billion for the quarter.

News (NASDAQ:NWSA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. 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

Shares of NASDAQ:NWSA traded down $0.33 during trading on Friday, reaching $28.99. The company had a trading volume of 523,582 shares, compared to its average volume of 3,249,461. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 33.65 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. The stock's fifty day moving average price is $28.85 and its 200 day moving average price is $27.99. News has a fifty-two week low of $23.38 and a fifty-two week high of $30.75.

Analysts Set New Price Targets

A number of brokerages recently commented on NWSA. Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Guggenheim restated a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley decreased their price target on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $39.20.

Institutional Trading of News

A number of institutional investors have recently modified their holdings of the business. Focus Partners Wealth boosted its stake in shares of News by 44.4% in the first quarter. Focus Partners Wealth now owns 16,618 shares of the company's stock valued at $452,000 after buying an additional 5,106 shares in the last quarter. Empowered Funds LLC purchased a new stake in News during the first quarter worth $204,000. United Services Automobile Association purchased a new stake in News during the first quarter worth $206,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $1,022,000 after purchasing an additional 1,950 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

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.