Commenting on the results, Chief Executive Robert Thomson said:
“Thanks to solid performance across a number of our businesses, including the fast-growing realtor.com®, we had a strong fourth quarter finish to a good fiscal year. Despite an uneven global economy, very tough currency headwinds and the ongoing transformation of the media landscape, for fiscal 2015 we posted stable revenues, robust EBITDA growth and healthy free cash flow.
“With disciplined internal investments, strategic acquisitions and ongoing product innovation, we have aggressively shifted the company to be more global and more digital. We have clearly emerged as an international leader in digital real estate, opened up new territories at HarperCollins, expanded digital subscriber penetration at our mastheads and successfully integrated our programmatic exchange, creating new digital and mobile advertising opportunities across News Corp.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
News Corp (NASDAQ:NWSA) stock is currently trading 14.66% below its 52-week-high, 11.77% above its 52-week-low. The 1-year stock price history is in the range of $13.59 – $17.8. News Corp (NWSA) has a price to earnings ratio of 36.43 versus Services sector average of 21.11. NWSA stock price has underperformed the Nasdaq by 10.3%. The Newspapers Publishing company is currently valued at $8.86 billion and its share price closed the last trading session at $15.19. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $15.56.
News Corp (NWSA) current short interest stands at 11.02 million shares. It has increased by 5% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.84 million shares, the number of days required to cover the short positions stand at 2.9 days.
NWSA reported last quarter earnings on August 12. The Newspapers Publishing company announced earnings per share of $0.07 against a consensus Street estimate of $0.06, beating the average estimate by $0.01. This corresponds to an increase of $0.03 compared to the same quarter of the previous fiscal year.
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There are currently fourteen analysts that cover News Corp stock. Of those fourteen, ten have a Buy rating, four have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $18.83.
A recent analyst activity consisted of Macquarie upgrading their Neutral rating to Outperform on July 27. On the date of report, the stock closed at $14.83.
News Corporation operates in the publishing industry. The Company provides publications consisting of newspapers, magazines, books and promotional inserts.