A number of other research firms have also weighed in on NWSA. Zacks Investment Research raised shares of News from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, ValuEngine raised shares of News from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.17.
Shares of NWSA opened at $12.24 on Monday. The firm has a market cap of $7.14 billion, a PE ratio of 27.82, a P/E/G ratio of 3.76 and a beta of 1.55. News has a 12-month low of $10.65 and a 12-month high of $17.29. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.11.
News (NASDAQ:NWSA) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.12. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts predict that News will post 0.35 EPS for the current year.
A number of institutional investors have recently made changes to their positions in NWSA. Cadence Capital Management LLC bought a new position in News in the third quarter worth about $138,000. Signition LP acquired a new position in shares of News during the third quarter valued at about $160,000. Sensato Investors LLC acquired a new position in shares of News during the third quarter valued at about $179,000. Parametrica Management Ltd acquired a new position in shares of News during the third quarter valued at about $184,000. Finally, Boyar Asset Management Inc. acquired a new position in shares of News during the third quarter valued at about $216,000. Institutional investors and hedge funds own 61.19% of the company’s stock.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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