News (NWSA) Expected to Announce Quarterly Earnings on Wednesday

News (NASDAQ:NWSA) will likely be releasing its results after the market closes on Wednesday, November 4th. Analysts expect News to announce earnings of $0.26 per share and revenue of $2.27 billion for the quarter.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.14. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts expect News to post $1.30 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

News Stock Down 1.8%

Shares of NWSA stock traded down $0.53 on Wednesday, hitting $29.45. The company’s stock had a trading volume of 151,764 shares, compared to its average volume of 4,337,274. News has a fifty-two week low of $22.20 and a fifty-two week high of $31.66. The firm’s fifty day moving average price is $29.81 and its 200-day moving average price is $26.86.

News Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a dividend yield of 68.0%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James Financial initiated coverage on News in a research report on Monday, October 19th. They issued an “outperform” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of News from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Wall Street Zen cut shares of News from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 price objective on shares of News in a research note on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, News has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

News Company Profile

News Corp is a global media and information-services company whose Class A common stock trades on the Nasdaq under the symbol NWSA. The company operates a portfolio of businesses spanning digital and print publishing, subscription products, professional information, real estate services and book publishing.

Its principal businesses include Dow Jones, which provides financial news, data, research and professional information through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which operate newspapers and digital news platforms; and HarperCollins Publishers, which publishes fiction, nonfiction, educational and religious titles.