Newsmax (NYSE:NMAX) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Newsmax (NYSE:NMAX) issued its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09, FiscalAI reports. The business had revenue of $45.27 million for the quarter. Newsmax’s quarterly revenue was up 4.0% compared to the same quarter last year. Newsmax updated its FY 2025 guidance to EPS.

Newsmax Trading Down 7.1%

Shares of NMAX stock traded down $0.60 during trading on Friday, reaching $7.92. 1,292,746 shares of the company’s stock traded hands, compared to its average volume of 813,626. The firm’s 50-day moving average is $11.32 and its 200 day moving average is $14.58. The company has a market capitalization of $1.02 billion and a P/E ratio of -7.07. Newsmax has a 1 year low of $7.90 and a 1 year high of $265.00.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research raised Newsmax to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Newsmax in a report on Wednesday, October 8th. Noble Financial started coverage on shares of Newsmax in a research report on Thursday, August 21st. They issued an “outperform” rating and a $23.00 price objective on the stock. Wall Street Zen raised shares of Newsmax from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Maxim Group started coverage on shares of Newsmax in a report on Thursday, July 24th. They issued a “buy” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.50.

Institutional Investors Weigh In On Newsmax

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in shares of Newsmax in the second quarter valued at $25,000. West Oak Capital LLC bought a new position in Newsmax in the 2nd quarter worth about $30,000. Harbor Investment Advisory LLC grew its holdings in Newsmax by 139.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 2,398 shares of the company’s stock valued at $30,000 after buying an additional 1,398 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in Newsmax during the 2nd quarter valued at about $32,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Newsmax during the second quarter valued at about $32,000.

Newsmax Company Profile

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).