Headlines about News Corporation (NASDAQ:NWSA) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. News Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5752692362844 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Analyzing Grupo Televisa (TV) & News Corporation (NWSA) (americanbankingnews.com)
- The Nucor Corporation (NUE) to Release Earnings on Thursday (hoyentv.com)
- Regal Entertainment Group (NYSE:RGC) Reviewed By Analysts (cote-ivoire.com)
- News Corporation (NWSA) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
News Corporation (NASDAQ:NWSA) traded up 1.00% on Tuesday, hitting $14.12. 1,271,402 shares of the stock traded hands. The firm has a 50-day moving average price of $13.59 and a 200-day moving average price of $12.91. The company’s market capitalization is $8.22 billion. News Corporation has a 12 month low of $10.99 and a 12 month high of $14.68.
News Corporation (NASDAQ:NWSA) last released its earnings results on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. News Corporation’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. Analysts forecast that News Corporation will post $0.37 earnings per share for the current year.
Several research analysts have issued reports on the stock. Rosenblatt Securities assumed coverage on shares of News Corporation in a report on Friday, July 14th. They issued a “buy” rating and a $17.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of News Corporation in a report on Monday, May 22nd. Finally, Zacks Investment Research cut shares of News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.20.
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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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