After Hours
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. Most recently, Yahoo Finance reported about the stock as it publicized that Arthur Bochner Named Next News Corp Chief Communications Officer.
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Stocks Info
As a NASDAQ listed company, NWSA falls under the Communication Services sector while operating within the Entertainment industry segment. At the end of the last regular session, the stock closed at $23.58 and fluctuated between $23.67 as its day high and $23.28 as its day low. The current market capitalization of News Corp is $13.50B. A total of 2.36 million shares were traded on the day, compared to an average of 2.71M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NWSA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 56 BUYs and 71 SELLs from insiders. Insiders purchased 1,374,931 shares during that period but sold 1,691,427.
In the most recent transaction, PANUCCIO SUSAN sold 10,758 shares of NWSA for 21.38 per share on Aug 16. After the transaction, the Chief Financial Officer now owns 154,287 company shares. In a previous transaction on Aug 15, PANUCCIO SUSAN sold 184,212 shares at 20.97 per share. NWSA shares that Chief Financial Officer owns now total 165,045.
Among the insiders who sold shares, Pitofsky David B disposed of 58,000 shares on Aug 15 at a per-share price of $20.98. This resulted in the General Counsel holding 83,291 shares of NWSA after the transaction. In another insider transaction, DeGrazio Marygrace sold 9,754 shares at $21.08 per share on Aug 15. Company shares held by the Chief Accounting Officer now total 21,722.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. News Corp pays an annual dividend of $0.20, resulting in a dividend yield of 0.87%, and it has a price to earnings (P/E) ratio of 97.96. NWSA’s most recent ex-dividend date was 9/12/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 10/11/2023. Previously, the company paid the dividend on 4/12/2023 with an ex-dividend date of 3/14/2023. The NWSA stock dividend was $0.10 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NWSA in the last 3 months, the mean price target is $27.48 with high estimates of $32.00 and low estimates of $23.00. In terms of 52-week highs and lows, NWSA has a high of $24.81 and a low of $15.57.
As of this writing, NWSA has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.17. The company reported an EPS of $0.14 in the last quarter, which was 75.00% higher than expectations of $0.08.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NWSA’s latest balance sheet shows that the firm has $1.82B in Cash & Short Term Investments as of fiscal 2022. There were $4.16B in debt and $3.52B in liabilities at the time. Its Book Value Per Share was $13.78, while its Total Shareholder’s Equity was $9.14B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 4.67.
