News Corporation (NASDAQ:NWSA) registered a -1.13% decrease, still its new closing price is 21.70% up from the company’s 1 year high of 14.68.It posted 0.00% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 11 stock analysts following this company have an average price target at $14.98, with individual PT in the $12.38-$18.00 range. The shares moved at $12.22, implying that brokerage firms see shares gaining about 1.51% in twelve months time.
News Corporation (NWSA) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 6.63% rise year to date. A CFO at News Corporation (NWSA) offloaded shares in a transaction closed on Monday October 03, 2016. Singh Bedi Ajay sold 29,857 shares in the company at $14.39 each and collected $429,001 in proceeds. Singh Bedi Ajay now owns 33,667 shares in the company after this transaction. A Director in the company, MURDOCH JAMES R, disclosed a transaction on Monday November 23, 2015 that ended up generating $9,000 from the sale of 630 shares at $14.43 per share.
News Corporation (NASDAQ:NWSA) Upcoming Results on Tap
News Corporation will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.01 in that period. Sales during the quarter are predicted to arrive at $1.95 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.97 billion in revenue and EPS of $-0.01. The mean forecast was for $1.95 billion and $-0.00 a share, respectively. One quarter earlier, revenue for the stock was at $2.23 billion, with earnings at $0.10/share.
News Corporation (NWSA) Brokerage Update
News Corporation (NWSA) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by BofA/Merrill, according to news reported on Thursday October 27, 2016.Another important research note was issued by Credit Agricole on Monday May 09, 2016.The firm downgraded NWSA to Outperform from Buy. Over the last six months and over the last three months, the shares of News Corporation (NWSA), have changed -2.75% and 1.41%, respectively.