News (NWSA) Set to Announce Quarterly Earnings on Wednesday

News (NASDAQ:NWSA) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. 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 2.0 %

News stock opened at $24.47 on Monday. The business has a fifty day moving average price of $25.40 and a 200-day moving average price of $24.03. News has a 1-year low of $16.35 and a 1-year high of $28.00. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 61.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33.

News Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s payout ratio is 50.00%.

Analysts Set New Price Targets

NWSA has been the topic of several research analyst reports. Macquarie raised shares of News from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 8th. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Finally, TheStreet raised News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, News has a consensus rating of “Buy” and an average target price of $29.50.

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