As of close of business last night, News Corp’s stock clocked out at $26.14, up 0.42% from its previous closing price of $26.03. In other words, the price has increased by $+0.11 from its previous closing price. On the day, 2535207 shares were traded.
Ratios:
To gain a deeper understanding of NWSA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.50.
Loop Capital Upgraded its Hold to Buy on January 25, 2023, whereas the target price for the stock was revised from $17 to $25.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 16 ’23 when PANUCCIO SUSAN sold 10,758 shares for $21.38 per share. The transaction valued at 230,006 led to the insider holds 154,287 shares of the business.
PANUCCIO SUSAN sold 184,212 shares of NWSA for $3,863,662 on Aug 15 ’23. The Chief Financial Officer now owns 165,045 shares after completing the transaction at $20.97 per share. On Aug 15 ’23, another insider, Pitofsky David B, who serves as the General Counsel of the company, sold 58,000 shares for $20.98 each. As a result, the insider received 1,216,608 and left with 83,291 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWSA now has a Market Capitalization of 15.07B and an Enterprise Value of 17.59B. As of this moment, News’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.88, and their Forward P/E ratio for the next fiscal year is 30.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 1.77 whereas that against EBITDA is 14.05.
Stock Price History:
Over the past 52 weeks, NWSA has reached a high of $28.00, while it has fallen to a 52-week low of $15.57. The 50-Day Moving Average of the stock is 25.06, while the 200-Day Moving Average is calculated to be 21.64.
Shares Statistics:
It appears that NWSA traded 2.76M shares on average per day over the past three months and 2.93M shares per day over the past ten days. A total of 379.95M shares are outstanding, with a floating share count of 375.86M. Insiders hold about 33.74% of the company’s shares, while institutions hold 68.70% stake in the company. Shares short for NWSA as of Feb 15, 2024 were 8.27M with a Short Ratio of 3.00, compared to 9.51M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.45% and a Short% of Float of 2.19%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.20, NWSA has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.77%, it implies a Forward Annual Dividend Yield of 0.77%. The stock’s 5-year Average Dividend Yield is 1.19.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.08, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.16, with high estimates of $0.21 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.81 and $0.71 for the fiscal current year, implying an average EPS of $0.75. EPS for the following year is $0.89, with 4 analysts recommending between $1.02 and $0.73.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for NWSA’s current fiscal year. The highest revenue estimate was $10.13B, while the lowest revenue estimate was $10.04B, resulting in an average revenue estimate of $10.09B. In the same quarter a year ago, actual revenue was $9.88B, up 2.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $10.47B in the next fiscal year. The high estimate is $10.65B and the low estimate is $10.27B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
