News (NASDAQ:NWSA) Announces Earnings Results, Beats Estimates By $0.04 EPS

News (NASDAQ:NWSA) announced its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04, Zacks reports. News had a net margin of 3.49% and a return on equity of 4.76%.

News Price Performance

Shares of News stock traded up $0.26 on Wednesday, hitting $28.78. The company’s stock had a trading volume of 4,033,006 shares, compared to its average volume of 2,564,947. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $28.19 and a 200-day moving average price of $27.56. News has a 52-week low of $22.65 and a 52-week high of $30.03. The company has a market capitalization of $16.37 billion, a P/E ratio of 46.42 and a beta of 1.35.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NWSA. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup assumed coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 target price for the company. Seaport Res Ptn raised News to a “strong-buy” rating in a report on Friday, January 31st. Guggenheim raised their target price on News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $39.25.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.