News (NASDAQ:NWSA) Announces Quarterly Earnings Results

News (NASDAQ:NWSA) issued its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, topping 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

NWSA stock traded down $0.40 during trading on Thursday, hitting $28.38. The company had a trading volume of 2,478,894 shares, compared to its average volume of 2,547,136. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 45.61 and a beta of 1.35. The business has a 50 day moving average of $28.19 and a 200 day moving average of $27.57. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

News Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. News’s payout ratio is 27.40%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Guggenheim increased their target price on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. UBS Group raised News from a “neutral” rating to a “buy” rating in a research note on Tuesday. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup assumed coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.