News (NWSA) Expected to Announce Earnings on Thursday

News (NASDAQ:NWSA) is expected to issue its results after the market closes on Thursday, February 5th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $2.2970 billion for the quarter.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. News had a net margin of 13.80% and a return on equity of 5.68%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s revenue was down 16.8% compared to the same quarter last year. 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 News stock opened at $26.59 on Thursday. The company’s 50 day moving average price is $26.12 and its two-hundred day moving average price is $27.62. The firm has a market capitalization of $14.93 billion, a P/E ratio of 12.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. News has a fifty-two week low of $23.38 and a fifty-two week high of $31.61.

Hedge Funds Weigh In On News

A number of hedge funds and other institutional investors have recently made changes to their positions in NWSA. Caitong International Asset Management Co. Ltd acquired a new stake in News during the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of News in the 2nd quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in shares of News during the third quarter worth $35,000. Brown Brothers Harriman & Co. raised its stake in News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after buying an additional 780 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in News by 153.3% in the third quarter. CIBC Private Wealth Group LLC now owns 5,307 shares of the company’s stock valued at $163,000 after buying an additional 3,212 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NWSA. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Guggenheim cut their price target on News from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. JPMorgan Chase & Co. reduced their price target on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.68.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.