News Corporation (NWSA) Receives $15.20 Consensus Target Price from Analysts
News Corporation (NASDAQ:NWSA) has earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.20.
NWSA has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of News Corporation in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Rosenblatt Securities began coverage on shares of News Corporation in a report on Friday, July 14th. They set a “buy” rating and a $17.00 price objective for the company.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of News Corporation in the first quarter worth about $118,000. Pacer Advisors Inc. increased its stake in shares of News Corporation by 56.6% in the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock worth $139,000 after purchasing an additional 3,853 shares in the last quarter. Creative Planning increased its stake in shares of News Corporation by 109.9% in the second quarter. Creative Planning now owns 11,068 shares of the company’s stock worth $152,000 after purchasing an additional 5,795 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in shares of News Corporation in the second quarter worth about $155,000. Finally, Parametrica Management Ltd purchased a new position in shares of News Corporation in the second quarter worth about $156,000. Hedge funds and other institutional investors own 60.61% of the company’s stock.
News Corporation (NASDAQ:NWSA) traded down 1.04% on Friday, hitting $13.29. 1,654,619 shares of the stock traded hands. The firm’s market capitalization is $7.73 billion. News Corporation has a 52 week low of $10.99 and a 52 week high of $14.55. The stock has a 50 day moving average of $13.26 and a 200 day moving average of $13.27.
News Corporation (NASDAQ:NWSA) last announced its earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities research analysts anticipate that News Corporation will post $0.47 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.49%. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.
News Corporation Company Profile
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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