News Corporation (NASDAQ:NWSA) – Jefferies Group lowered their Q1 2018 EPS estimates for shares of News Corporation in a research note issued on Thursday. Jefferies Group analyst J. Janedis now expects that the company will earn ($0.01) per share for the quarter, down from their prior estimate of $0.01. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for News Corporation’s Q2 2018 earnings at $0.21 EPS, FY2018 earnings at $0.42 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.24 EPS, FY2019 earnings at $0.48 EPS and FY2020 earnings at $0.52 EPS.
Several other analysts have also issued reports on NWSA. Zacks Investment Research lowered News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Rosenblatt Securities began coverage on News Corporation in a research note on Friday, July 14th. They issued a “buy” rating and a $17.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.20.
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Shares of News Corporation (NWSA) traded down 0.30% during midday trading on Monday, hitting $13.33. 246,952 shares of the stock traded hands. The company’s market capitalization is $7.76 billion. News Corporation has a 1-year low of $10.99 and a 1-year high of $14.68. The stock has a 50 day moving average of $13.82 and a 200 day moving average of $13.12.
News Corporation (NASDAQ:NWSA) last issued its earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.81%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of News Corporation by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 473,553 shares of the company’s stock worth $5,427,000 after buying an additional 28,211 shares during the period. Macquarie Group Ltd. boosted its stake in shares of News Corporation by 960.2% in the fourth quarter. Macquarie Group Ltd. now owns 22,000 shares of the company’s stock worth $253,000 after buying an additional 19,925 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of News Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 329,152 shares of the company’s stock worth $4,279,000 after buying an additional 9,894 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of News Corporation by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 111,822 shares of the company’s stock worth $1,453,000 after buying an additional 3,200 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of News Corporation by 7.7% in the first quarter. Bank of Montreal Can now owns 492,576 shares of the company’s stock worth $6,403,000 after buying an additional 35,359 shares during the period. Institutional investors and hedge funds own 93.53% of the company’s stock.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s dividend payout ratio (DPR) is -15.63%.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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