News (NASDAQ:NWSA) Releases Earnings Results, Meets Estimates

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

News Stock Performance

NWSA traded down $0.28 during trading on Wednesday, reaching $24.14. 5,396,623 shares of the company’s stock were exchanged, compared to its average volume of 2,791,028. The company’s fifty day simple moving average is $25.32 and its 200-day simple moving average is $24.07. The stock has a market capitalization of $13.79 billion, a P/E ratio of 60.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. News has a 1 year low of $16.35 and a 1 year high of $28.00.

Analyst Upgrades and Downgrades

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

About News

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.