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News Corporation (NWSA) Outlook And Short Term Estimates

News Corporation (NASDAQ:NWSA) has a beta value of 1.29 and has seen 3.13 million shares traded in the recent trading session. The company, currently valued at $10.99B, closed the recent trade at $21.00 per share which meant it gained $1.47 on the day or 7.55% during that session. The NWSA stock price is -13.0% off its 52-week high price of $23.73 and 29.19% above the 52-week low of $14.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.72 million shares traded. The 3-month trading volume is 2.48 million shares.

The consensus among analysts is that News Corporation (NWSA) is an Overweight stock at the moment, with a recommendation rating of 2.40. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.15.

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News Corporation (NASDAQ:NWSA) trade information

Sporting 7.55% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the NWSA stock price touched $21.00 or saw a rise of 1.32%. Year-to-date, News Corporation shares have moved 7.31%, while the 5-day performance has seen it change 1.35%. Over the past 30 days, the shares of News Corporation (NASDAQ:NWSA) have changed 10.15%. Short interest in the company has seen 5.75 million shares shorted with days to cover at 2.38.

Wall Street analysts have a consensus price target for the stock at $23.64, which means that the shares’ value could jump 11.17% from the levels at last check today. The projected low price target is $16.50 while the price target rests at a high of $30.00. In that case, then, we find that the latest price level in today’s session is -42.86% off the targeted high while a plunge would see the stock lose 21.43% from the levels at last check today.

News Corporation (NWSA) estimates and forecasts

The company’s shares have gained 15.56% over the past 6 months, compared to 11.80% for the industry. Revenue growth from the last financial year stood is estimated to be 1.50%.

5 analysts offering their estimates for the company have set an average revenue estimate of $2.49 billion for the current quarter. 5 have an estimated revenue figure of $2.76 billion for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.10% over the past 5 years. Earnings growth for 2023 is a modest 89.10% while over the next 5 years, the company’s earnings are expected to decrease by -1.47%.

NWSA Dividends

News Corporation is expected to release its next earnings report between February 01 and February 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 1.02%. The company’s dividend yield has gone up over the past 12 months.

News Corporation (NASDAQ:NWSA)’s Major holders

Insiders own 0.70% of the company shares, while shares held by institutions stand at 100.16% with a share float percentage of 100.87%. Investors are also buoyed by the number of investors in a company, with News Corporation having a total of 636 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 68.04 million shares worth more than $1.06 billion. As of Jun 29, 2022, Price (T.Rowe) Associates Inc held 17.66% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 54.86 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $854.67 million and represent 14.24% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Equity Income Fund. As of Jun 29, 2022, the former fund manager holds about 4.21% shares in the company for having 16.2 million shares of worth $252.39 million while later fund manager owns 13.7 million shares of worth $213.45 million as of Jun 29, 2022, which makes it owner of about 3.56% of company’s outstanding stock.

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