News (NASDAQ:NWS) Issues Earnings Results

News (NASDAQ:NWS) posted its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, Morningstar.com reports. News had a return on equity of 2.59% and a net margin of 1.54%. The company had revenue of $2.47 billion during the quarter.

Shares of NWS traded up $0.71 during mid-day trading on Friday, hitting $14.07. The company’s stock had a trading volume of 804,122 shares, compared to its average volume of 650,170. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.15 and a quick ratio of 1.04. The business has a 50-day moving average of $13.67. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 29.04 and a beta of 1.46. News has a 1-year low of $10.85 and a 1-year high of $15.20.

Separately, BidaskClub cut News from a “hold” rating to a “sell” rating in a report on Thursday, July 11th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Wisconsin Investment Board raised its holdings in News by 5,586.3% during the first quarter. State of Wisconsin Investment Board now owns 1,330,833 shares of the company’s stock worth $16,622,000 after purchasing an additional 1,307,429 shares during the last quarter. Norges Bank acquired a new position in News during the fourth quarter worth $13,663,000. Dimensional Fund Advisors LP raised its holdings in News by 39.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,032,455 shares of the company’s stock worth $23,474,000 after purchasing an additional 574,125 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in News by 463.1% during the first quarter. BNP Paribas Arbitrage SA now owns 287,431 shares of the company’s stock worth $3,590,000 after purchasing an additional 236,390 shares during the last quarter. Finally, GAM Holding AG acquired a new position in News during the first quarter worth $2,562,000. 9.82% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for News (NASDAQ:NWS)

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