Media stories about News Corporation (NASDAQ:NWSA) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. News Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near future.
News Corporation (NWSA) traded up 0.36% during midday trading on Monday, hitting $13.98. 1,026,682 shares of the stock traded hands. The firm’s market cap is $8.13 billion. News Corporation has a 12 month low of $10.99 and a 12 month high of $14.68. The company’s 50 day moving average price is $13.57 and its 200 day moving average price is $12.87.
News Corporation (NASDAQ:NWSA) last issued its earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts predict that News Corporation will post $0.37 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of News Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Rosenblatt Securities assumed coverage on shares of News Corporation in a report on Friday, July 14th. They set a “buy” rating and a $17.00 price target on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of News Corporation in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.20.
News Corporation Company Profile
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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