News (NWSA) to Release Earnings on Wednesday

News (NASDAQ:NWSA) is expected to be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect News to post earnings of $0.29 per share and revenue of $2.66 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $0.16 EPS. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Price Performance

Shares of News stock opened at $28.08 on Tuesday. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The firm has a market cap of $15.97 billion, a P/E ratio of 45.29 and a beta of 1.35. The firm’s 50-day simple moving average is $28.21 and its 200-day simple moving average is $27.55.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday. Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Citigroup assumed coverage on shares of News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 target price for the company. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Guggenheim increased their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $39.25.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.