News (NASDAQ:NWSA) Releases Quarterly Earnings Results, Hits Estimates

News (NASDAQ:NWSA) posted its quarterly earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11, Briefing.com reports. News had a net margin of 2.29% and a return on equity of 4.14%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis.

News Stock Down 1.1 %

NASDAQ:NWSA traded down $0.28 during trading hours on Wednesday, reaching $24.14. The company’s stock had a trading volume of 5,396,623 shares, compared to its average volume of 2,791,028. News has a one year low of $16.35 and a one year high of $28.00. The business’s 50-day moving average is $25.32 and its 200-day moving average is $24.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 60.35 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NWSA shares. Macquarie raised shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. TheStreet upgraded News from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, News has an average rating of “Buy” and a consensus target price of $29.50.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.