News Corporation (NWS): What the Financials Tell Us

News Corporation (NASDAQ:NWS) saw an upside of 0.50% to close Tuesday at $23.99 after adding $0.12 on the day. The 5-day average trading volume is 702,300 shares of the company’s common stock. It has gained $24.25 in the past week. An average of 729,340 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 638,226.

NWS’s 1-month performance is 11.95% or $2.55 on its low of $21.03 reached on 09/20/21. The company’s shares have touched a 52-week low of $12.68 and high of $26.21, with the stock’s rally to the 52-week high happening on 05/27/21. YTD, NWS has achieved 35.00% or $6.22. However, the current price is down -8.47%% from the 52-week high price.


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Insider Transactions

On Aug 16, 58 days have gone by since the last insider trading activity for News Corporation (NWS). Pitofsky David B (General Counsel) most recently sold 22,000 shares at $23.55 per share on Aug 16. This transaction cost the insider $518,199. General Counsel, Pitofsky David B, sold 16,000 shares at a price of $21.82 on Feb 09. Then, on Nov 25, Chief Executive Officer Thomson Robert J sold 70,000 shares at a price of $17.97 per share. This transaction amounted to $1,258,243.

Valuation Metrics

News Corporation (NWS) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.14 for the sector. The company’s PE ratio for the last five years has touched a high of 57.31 and a low of 38.02. NWS stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.60 while the price-to-book (PB) in the most recent quarter is 1.73.

News Corporation pays an annual dividend of $0.20 per share. Its dividend yield is 0.83%. NWS’s most recent quarterly dividend payment was made on Oct. 13, when it paid $0.10 a share compared with prior rate of $0.05, up 50.0% from last year’s. The company latest dividend increase of $0.05 reported on Thursday August 5 2021.

It is projected that News Corporation’s next ex-dividend date will be on 14-Mar. NWS is expected to distribute $0.10 as its next dividend.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $210.0 million. NWS stock balance sheet for the recent quarter shows that total liabilities totaled 7.62 billion, with total debt at $3.59 billion. Shareholders hold equity totaling $590.84 million

Technical Picture

Let’s look briefly at News Corporation (NWS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 64.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.56%.

The stock’s 5-day moving average is $23.78, reflecting a +1.70% or $0.40 change from its current price. NWS is currently trading +12.05% above its 20-day SMA, -6.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.44% and +35.69% respectively.

Stochastic %K and %D was 82.76% and 83.50% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 62.10%, while the 14-day stochastic is at 76.36% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at 0.31 and 0.23 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for News Corporation (NASDAQ: NWS), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NWS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NWS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is NWS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $10.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for News Corporation (NWS) stock is $10.00.

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