News (NASDAQ:NWSA) posted its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04, Briefing.com reports. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.39 billion. News had a return on equity of 2.59% and a net margin of 1.54%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share.
Shares of News stock traded down $0.42 during trading on Friday, reaching $12.90. The stock had a trading volume of 6,777,400 shares, compared to its average volume of 2,713,078. News has a 52 week low of $10.65 and a 52 week high of $14.65. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 28.04 and a beta of 1.50. The stock has a fifty day moving average price of $13.69 and a two-hundred day moving average price of $13.12. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.
Several research firms have weighed in on NWSA. Credit Suisse Group upgraded News from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $13.70 to $15.30 in a report on Sunday, August 11th. BidaskClub lowered News from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. lowered News from a “neutral” rating to an “underweight” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target 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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