Jefferies Group Equities Analysts Lower Earnings Estimates for News Corporation (NWSA)

News Corporation (NASDAQ:NWSA) – Equities researchers at Jefferies Group dropped their Q1 2018 earnings estimates for shares of News Corporation in a note issued to investors on Thursday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their previous 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.

NWSA has been the subject of a number of other research reports. Rosenblatt Securities initiated coverage on News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research downgraded News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.20.

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Shares of News Corporation (NASDAQ:NWSA) traded up 0.83% during trading on Monday, hitting $13.42. The stock had a trading volume of 471,755 shares. The company’s market capitalization is $7.81 billion. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.13. News Corporation has a 52 week low of $10.99 and a 52 week high of $14.68.

News Corporation (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. News Corporation’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.10 dividend. This represents a yield of 1.49%. The ex-dividend date is Tuesday, September 12th. News Corporation’s payout ratio is -15.63%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of News Corporation during the first quarter worth $118,000. Mn Services Vermogensbeheer B.V. increased its position in shares of News Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,869 shares of the company’s stock worth $120,000 after buying an additional 413 shares during the period. Pacer Advisors Inc. increased its position in shares of News Corporation by 56.6% in the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock worth $139,000 after buying an additional 3,853 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of News Corporation during the first quarter worth $143,000. Finally, Daiwa Securities Group Inc. increased its position in shares of News Corporation by 23.0% in the first quarter. Daiwa Securities Group Inc. now owns 11,237 shares of the company’s stock worth $146,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 93.53% of the company’s stock.

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.

Earnings History and Estimates for News Corporation (NASDAQ:NWSA)

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