News Corporation (NWS) Receiving Somewhat Negative News Coverage, Analysis Finds
News coverage about News Corporation (NASDAQ:NWS) has been trending somewhat negative on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. News Corporation earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.7063989365738 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- News Corporation to Issue Semiannual Dividend of $0.10 (NWS) (americanbankingnews.com)
- News Corporation (NASDAQ:NWS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS (americanbankingnews.com)
- News Corp (NWSA) Q4 Earnings: Is a Disappointment Likely? (finance.yahoo.com)
- Remodelista and Gardenista Announce Winners of 2017 Considered Design Awards (finance.yahoo.com)
- Realtor.com® Hosts Annual Results Summit with Focus on Agent Productivity (finance.yahoo.com)
Shares of News Corporation (NASDAQ:NWS) traded down 1.43% during trading on Friday, reaching $13.80. 312,678 shares of the company’s stock were exchanged. The company has a 50 day moving average of $14.26 and a 200 day moving average of $13.47. The stock’s market cap is $8.03 billion. News Corporation has a 12-month low of $11.25 and a 12-month high of $15.22.
News Corporation (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The business had revenue of $2.08 billion during the quarter. Equities research analysts anticipate that News Corporation will post $1.39 EPS for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.10 dividend. This represents a yield of 1.45%. The ex-dividend date is Tuesday, September 12th. News Corporation’s dividend payout ratio is presently -51.28%.
A number of brokerages have commented on NWS. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. BidaskClub downgraded shares of News Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold”.
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About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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