News Corporation (NASDAQ:NWS) is set to post its quarterly earnings results after the market closes on Thursday, November 9th. Analysts expect News Corporation to post earnings of $0.04 per share for the quarter.
News Corporation (NASDAQ:NWS) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. The company had revenue of $2.08 billion during the quarter. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. On average, analysts expect News Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
The business also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were issued a dividend of $0.10 per share. This represents a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, September 12th. News Corporation’s payout ratio is presently -15.63%.
A number of research analysts have weighed in on the company. BidaskClub raised News Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Citigroup Inc. raised News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th.
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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