Equities research analysts forecast that News Corp (NASDAQ:NWSA) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for News’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. News also reported earnings of $0.19 per share during the same quarter last year. The company is expected to report its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that News will report full-year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.43 to $0.54. For the next year, analysts expect that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.50 to $0.66. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover News.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. News had a positive return on equity of 2.27% and a negative net margin of 7.96%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS.

NWSA has been the topic of several research analyst reports. Zacks Investment Research raised News from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a research note on Tuesday, October 10th. TheStreet upgraded News from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.20.

Several hedge funds and other institutional investors have recently made changes to their positions in NWSA. Janus Henderson Group PLC grew its holdings in shares of News by 12,388.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,488,062 shares of the company’s stock valued at $102,586,000 after acquiring an additional 7,428,102 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in shares of News by 60.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 5,332,897 shares of the company’s stock worth $70,714,000 after acquiring an additional 2,005,812 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of News by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 47,879,238 shares of the company’s stock worth $655,946,000 after acquiring an additional 1,142,683 shares during the last quarter. Dodge & Cox raised its holdings in shares of News by 10.6% in the 2nd quarter. Dodge & Cox now owns 10,882,034 shares of the company’s stock worth $149,084,000 after acquiring an additional 1,040,473 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in News by 111.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,430,202 shares of the company’s stock worth $19,594,000 after purchasing an additional 753,164 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Shares of News (NWSA) traded down $0.03 during trading on Thursday, reaching $16.85. The company had a trading volume of 2,523,800 shares, compared to its average volume of 2,525,872. The firm has a market cap of $9,890.00, a P/E ratio of -14.91, a PEG ratio of 3.41 and a beta of 2.06. News has a twelve month low of $11.86 and a twelve month high of $17.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56.

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About News

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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