Seaport Res Ptn Has Pessimistic Outlook of News Q3 Earnings

Key Points

• Seaport Res Ptn downgraded its Q3 2026 earnings per share estimate for News Corporation to $0.19, down from a previous forecast of $0.20.
• News Corporation reported an EPS of $0.19 for the latest quarter, matching analyst expectations, with revenue of $2.11 billion, slightly above predictions.
• The company has recently announced a dividend of $0.10 per share, with a yield of 70.0%, to be paid on October 8th.

News Corporation (NASDAQ:NWSA - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q3 2026 EPS estimates for shares of News in a report released on Wednesday, August 6th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.20. The consensus estimate for News' current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for News' FY2027 earnings at $0.95 EPS.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS.

NWSA has been the topic of several other reports. Macquarie reissued a "neutral" rating and set a $32.70 target price on shares of News in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Guggenheim restated a "buy" rating and set a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, News currently has an average rating of "Moderate Buy" and a consensus target price of $38.12.

News Stock Performance

Shares of NASDAQ:NWSA traded up $0.44 on Friday, reaching $28.82. 3,853,898 shares of the company's stock were exchanged, compared to its average volume of 3,313,302. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. News has a twelve month low of $23.38 and a twelve month high of $30.75. The company has a fifty day moving average of $28.97 and a 200-day moving average of $28.06. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 13.86 and a beta of 1.23.

Hedge Funds Weigh In On News

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd raised its stake in News by 197.2% during the second quarter. XTX Topco Ltd now owns 83,176 shares of the company's stock worth $2,472,000 after buying an additional 55,185 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in News by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,586,346 shares of the company's stock worth $136,306,000 after purchasing an additional 93,681 shares during the period. American Century Companies Inc. increased its stake in News by 0.7% in the second quarter. American Century Companies Inc. now owns 109,747 shares of the company's stock valued at $3,262,000 after purchasing an additional 811 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of News during the second quarter valued at about $335,000. Finally, Rhumbline Advisers boosted its position in shares of News by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 763,670 shares of the company's stock worth $22,696,000 after purchasing an additional 17,417 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

News Announces Dividend

The firm also recently announced a half year 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a yield of 70.0%. News's dividend payout ratio (DPR) is currently 9.62%.

About News

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.