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