News Corporation (NASDAQ:NWS - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q3 2026 earnings estimates for News in a research report issued to clients and investors on Wednesday, August 6th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for News' current full-year earnings is $1.03 per share.
News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. News had a return on equity of 5.66% and a net margin of 13.21%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion.
News Trading Up 1.2%
Shares of NASDAQ NWS traded up $0.40 during mid-day trading on Friday, reaching $33.28. The company had a trading volume of 1,212,506 shares, compared to its average volume of 761,103. News has a 52 week low of $26.25 and a 52 week high of $35.58. The business's 50-day moving average is $33.36 and its 200-day moving average is $32.23. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 16.00 and a beta of 1.23.
News Announces Dividend
The business also recently announced a semi-annual dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a dividend yield of 60.0%. News's payout ratio is currently 9.62%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWS. Independent Franchise Partners LLP grew its position in shares of News by 0.8% during the first quarter. Independent Franchise Partners LLP now owns 9,728,572 shares of the company's stock worth $295,457,000 after buying an additional 78,855 shares in the last quarter. Vanguard Group Inc. grew its holdings in News by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock worth $208,924,000 after acquiring an additional 344,036 shares during the period. 59 North Capital Management LP grew its holdings in News by 29.4% during the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock worth $132,237,000 after acquiring an additional 986,781 shares during the period. Geode Capital Management LLC boosted its position in shares of News by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company's stock worth $86,799,000 after buying an additional 13,329 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of News by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock worth $59,799,000 after purchasing an additional 160,922 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company's stock.
About News
(
Get Free Report)
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.
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