News (NASDAQ:NWSA) issued its earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04, Briefing.com reports. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.39 billion. News had a return on equity of 2.59% and a net margin of 1.54%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS.
NWSA traded down $0.42 on Friday, hitting $12.90. 6,777,400 shares of the company’s stock traded hands, compared to its average volume of 2,713,078. News has a one year low of $10.65 and a one year high of $14.65. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 28.04 and a beta of 1.50. The company’s 50 day simple moving average is $13.69 and its 200-day simple moving average is $13.12.
Several brokerages recently issued reports on NWSA. JPMorgan Chase & Co. downgraded News from a “neutral” rating to an “underweight” rating in a research note on Thursday, July 18th. Credit Suisse Group raised News from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $13.70 to $15.30 in a research note on Sunday, August 11th. Finally, BidaskClub downgraded News from a “sell” rating to a “strong sell” rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.15.
News Company Profile
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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