Morgan Stanley resumed coverage on News Corp. with a new price target
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Morgan Stanley resumed coverage of News Corp. with a rating of Overweight and set a new price target of $27.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/8/2024 | Neutral → Outperform | Macquarie | |
| 8/16/2023 | $27.50 | Overweight | Morgan Stanley |
| 1/25/2023 | $17.00 → $25.00 | Hold → Buy | Loop Capital |
| 10/17/2022 | $30.00 → $17.00 | Buy → Hold | Loop Capital |
| 7/28/2022 | $21.10 | Outperform → Neutral | Macquarie |
| 7/26/2021 | Neutral → Buy | UBS |
DEFA14A - NEWS CORP (0001564708) (Filer)
8-K - NEWS CORP (0001564708) (Filer)
DFAN14A - NEWS CORP (0001564708) (Subject)
Panuccio's departure comes after two successful decades at News Corp, including transformational leadership as Chief Financial Officer Chandrashekar comes to News Corp after a successful run as CFO of Diageo and 25-plus years in global finance News Corp (NASDAQ:NWS, NWSA, ASX: NWS, NWSLV)) announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Ms. Panuccio will continue in an advisory capacity for six months to help ensure a smooth transition and to support Ms. Chandrashekar. Ms. Panuccio has been a key leader during a period of rapid expansion and transformation for News Corp since b
FISCAL 2025 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS First quarter revenues were the highest for a first quarter since separation at $2.58 billion, a 3% increase compared to $2.50 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $144 million, a significant improvement compared to net income of $58 million in the prior year Total Segment EBITDA was the highest for a first quarter since separation at $415 million, compared to $364 million in the prior year In the quarter, reported EPS were $0.21 as compared to $0.05 in the prior year - Adjusted EPS were $0.21 compared to $0.16 in the pri
Leading Proxy Advisory Firms Uniformly Agree that One-Share, One-Vote Represents Best-in-Class Corporate Governance Starboard Urges All Shareholders to Vote the BLUE Proxy Card "FOR" Proposal 4, The Dual-Class Elimination Proposal, TODAY Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest shareholders of News Corporation (NASDAQ:NWSA, NWS)) ("News Corp" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), Glass, Lewis & Co. ("Glass Lewis"), and Egan-Jones Proxy Services ("Egan-Jones"), three leading U.S. proxy advisory firms, recommend shareholders vote FOR Starboard's proposal to collapse the dual-class share stru
News's (NYSE:NWSA) short percent of float has fallen 10.13% since its last report. The company recently reported that it has 7.72 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
News's (NYSE:NWSA) short percent of float has fallen 8.57% since its last report. The company recently reported that it has 8.47 million shares sold short, which is 2.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.22 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) have discussed licensing content with major Hollywood studios for their AI video generation software. These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios. Peer Microsoft Corp (NASDAQ:MSFT) backed OpenAI is engaged in similar talks, Bloomberg reports. Hollywood studios want to use AI to cut costs but ensure their work isn’t misused. They are cautious about licensing content without control over its use. Recently, Scarlett Johansson demanded that OpenAI stop using a voice resembling hers for its chatbot.
FISCAL 2025 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS First quarter revenues were the highest for a first quarter since separation at $2.58 billion, a 3% increase compared to $2.50 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $144 million, a significant improvement compared to net income of $58 million in the prior year Total Segment EBITDA was the highest for a first quarter since separation at $415 million, compared to $364 million in the prior year In the quarter, reported EPS were $0.21 as compared to $0.05 in the prior year - Adjusted EPS were $0.21 compared to $0.16 in the pri
FISCAL 2024 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS Fourth quarter revenues were $2.58 billion, a 6% increase compared to $2.43 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $71 million, a significant improvement compared to a net loss of $(32) million in the prior year Total Segment EBITDA was the highest for a fourth quarter since separation at $380 million, compared to $341 million in the prior year In the quarter, reported EPS were $0.09 as compared to $(0.01) in the prior year - Adjusted EPS were $0.17 compared to $0.14 in the prior year At the Dow Jones
FISCAL 2024 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS Third quarter revenues were $2.42 billion, a 1% decrease compared to $2.45 billion in the prior year, reflecting a $21 million, or 1%, negative impact from foreign currency fluctuations. Adjusted Revenues were flat compared to the prior year Net income in the quarter was $42 million, compared to net income of $59 million in the prior year Third quarter Total Segment EBITDA was $322 million, compared to $320 million in the prior year In the quarter, reported EPS were $0.05 as compared to $0.09 in the prior year - Adjusted EPS were $0.11 compared to $0.09 in the prior year At the Dow Jones segment, professional information busi
4 - NEWS CORP (0001564708) (Issuer)
4 - NEWS CORP (0001564708) (Issuer)
4 - NEWS CORP (0001564708) (Issuer)
Macquarie upgraded News Corp. from Neutral to Outperform
Morgan Stanley resumed coverage of News Corp. with a rating of Overweight and set a new price target of $27.50
Loop Capital upgraded News Corp. from Hold to Buy and set a new price target of $25.00 from $17.00 previously
SC 13G/A - NEWS CORP (0001564708) (Subject)
SC 13G/A - NEWS CORP (0001564708) (Subject)
SC 13G/A - NEWS CORP (0001564708) (Subject)
Panuccio's departure comes after two successful decades at News Corp, including transformational leadership as Chief Financial Officer Chandrashekar comes to News Corp after a successful run as CFO of Diageo and 25-plus years in global finance News Corp (NASDAQ:NWS, NWSA, ASX: NWS, NWSLV)) announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Ms. Panuccio will continue in an advisory capacity for six months to help ensure a smooth transition and to support Ms. Chandrashekar. Ms. Panuccio has been a key leader during a period of rapid expansion and transformation for News Corp since b
The latest initiative aims to educate the public that without buyers' agents, historically underserved and underrepresented communities are at risk of further distancing themselves from the American Dream of homeownership SANTA CLARA, Calif., June 17, 2024 /PRNewswire/ -- The homebuying process is complex, but for individuals in underrepresented communities the hurdles can be even more daunting. That's why Realtor.com® is extending the reach of its highly successful buyer representation campaign with the launch of a new initiative promoting the benefits of buyer's agents for individuals in historically underserved and underrepresented communities, including BIPOC, AANHPI, Hispanic, LGBTQ+, f
Consumer campaign showcases the value and expertise of buyer's agents during the home sale process with 111 tasks an agent does in a typical transaction SANTA CLARA, Calif., April 18, 2024 /PRNewswire/ -- Realtor.com® is standing up for buyer's agents and is calling on the industry to join them in a new campaign that highlights to consumers everything that agents do for them before, during and after the homebuying process. The national multi-tiered integrated marketing campaign launches this week across print, digital and social channels and showcases an astounding 111 item t