News (NASDAQ:NWSA) issued its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04, Briefing.com reports. News had a return on equity of 2.59% and a net margin of 1.54%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was down 7.3% compared to the same quarter last year.
Shares of NASDAQ NWSA traded down $0.42 during mid-day trading on Friday, reaching $12.90. 6,777,400 shares of the company traded hands, compared to its average volume of 2,713,078. News has a fifty-two week low of $10.65 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.21. The company’s fifty day moving average is $13.69 and its two-hundred day moving average is $13.12. The stock has a market cap of $8.05 billion, a PE ratio of 28.04 and a beta of 1.50.
A number of research analysts have recently commented on NWSA shares. BidaskClub lowered News from a “sell” rating to a “strong sell” rating in a report on Saturday. JPMorgan Chase & Co. lowered News from a “neutral” rating to an “underweight” rating in a report on Thursday, July 18th. Finally, Credit Suisse Group raised News from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $13.70 to $15.30 in a report on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. News presently has an average rating of “Hold” and a consensus target price of $14.15.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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