News (NWSA) Projected to Post Quarterly Earnings on Wednesday

News (NASDAQ:NWSA - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $2.66 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, analysts expect News to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

News Stock Up 0.2 %

Shares of News stock traded up $0.05 on Wednesday, reaching $28.20. 802,488 shares of the company were exchanged, compared to its average volume of 2,275,999. News has a 1-year low of $22.65 and a 1-year high of $30.03. The stock's 50 day moving average price is $28.31 and its 200-day moving average price is $27.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The company has a market cap of $16.04 billion, a P/E ratio of 45.54 and a beta of 1.35.

Analysts Set New Price Targets

A number of brokerages have issued reports on NWSA. Guggenheim lifted their price target on News from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Loop Capital cut their target price on News from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. StockNews.com upgraded News from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Citigroup assumed coverage on News in a report on Friday, January 10th. They issued a "buy" rating and a $36.00 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.