Currently, there are 378.38M common shares owned by the public and among those 377.75M shares have been available to trade.
The company’s stock has a 5-day price change of -0.29% and -3.30% over the past three months. NWSA shares are trading -1.16% year to date (YTD), with the 12-month market performance up to 3.54% higher. It has a 12-month low price of $22.65 and touched a high of $30.69 over the same period. NWSA has an average intraday trading volume of 3.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.12%, -3.05%, and -1.53% respectively.
Institutional ownership of News Corp (NASDAQ: NWSA) shares accounts for 67.39% of the company’s 378.38M shares outstanding.
It has a market capitalization of $16.04B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 37.54, while the earnings-per-share (ttm) stands at $0.72. The company has a PEG of 2.21 and a Quick Ratio of 1.65 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 2.36% over the month.
Analysts forecast that News Corp (NWSA) will achieve an EPS of 0.16 for the current quarter, 0.22 for the next quarter and 1.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 32.03%, and 1.36% over the next financial year. EPS should grow at an annualized rate of 16.98% over the next five years, compared to 11.96% over the past 5-year period.
Citigroup coverage for the News Corp (NWSA) stock in a research note released on January 10, 2025 offered a Buy rating with a price target of $36. Macquarie was of a view on February 08, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Overweight rating on August 16, 2023, issuing a price target of $27.50. Loop Capital on their part issued Buy rating on January 25, 2023.
