Are Things Looking Up For News Corporation (NASDAQ: NWSA)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for News Corporation (NWSA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.45, or -2.73%, to $16.01. Volume reached 904,189 shares, with price reaching a high of $16.01 and a low of $16.01. Yahoo Finance discussed the stock recently as it posted The Best Time to Buy a Home is the Week of Sept. 25, According to Realtor.com®.


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Stocks Info

The company is listed on the NASDAQ and operates within the Broadcasting industry segment. At the end of the last regular session, the stock closed at $16.01 and fluctuated between $16.66 as its day high and $15.99 as its day low. The current market capitalization of News Corporation is $9.71B. A total of 2.44 million shares were traded on the day, compared to an average of 2.49M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NWSA has seen 20 BUY and 23 SELL insider trades, representing the acquisition of 1,502,218 and the disposition of 1,364,796 shares. Over the last 12 months, there were 52 BUYs and 56 SELLs from insiders. Insiders purchased 1,559,427 shares during that period but sold 2,422,005.

In the most recent transaction, Pitofsky David B sold 82,028 shares of NWSA for 18.73 per share on Aug 15. After the transaction, the General Counsel now owns 87,706 company shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. News Corporation pays an annual dividend of $0.20, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 15.25. NWSA’s most recent ex-dividend date was 09/13/2022 when it declared a $0.10 quarterly dividend that was paid in cash on 10/12/2022. Previously, the company paid the dividend on 04/13/2022 with an ex-dividend date of 03/15/2022. The dividend was $0.10 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NWSA in the last 3 months, the mean price target is $27.01 with high estimates of $34.00 and low estimates of $18.00. In terms of 52-week highs and lows, NWSA has a high of $25.86 and a low of $14.95.

As of this writing, NWSA has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.19. The company reported an EPS of $0.37 in the last quarter, which was 236.36% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NWSA is Hold with a score of 4.60. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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