News (NASDAQ:NWS - Get Free Report) issued its earnings results on Tuesday. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01, Zacks reports. News had a return on equity of 5.66% and a net margin of 13.21%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion.
News Price Performance
NASDAQ NWS traded down $0.59 during midday trading on Friday, hitting $32.95. The company had a trading volume of 832,168 shares, compared to its average volume of 708,136. The company has a market capitalization of $18.65 billion, a PE ratio of 15.84 and a beta of 1.23. The company has a current ratio of 1.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $33.35 and a 200-day moving average price of $32.21. News has a twelve month low of $26.25 and a twelve month high of $35.58.
News Dividend Announcement
The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a yield of 60.0%. News's payout ratio is currently 9.62%.
Hedge Funds Weigh In On News
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of News by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company's stock worth $215,000 after buying an additional 655 shares in the last quarter. Woodline Partners LP grew its position in shares of News by 40.4% in the 1st quarter. Woodline Partners LP now owns 9,438 shares of the company's stock valued at $287,000 after buying an additional 2,714 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of News in the 1st quarter valued at about $287,000. AQR Capital Management LLC grew its position in shares of News by 44.2% in the 1st quarter. AQR Capital Management LLC now owns 26,873 shares of the company's stock valued at $816,000 after buying an additional 8,241 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of News by 25.8% in the 1st quarter. Royal Bank of Canada now owns 64,630 shares of the company's stock valued at $1,962,000 after buying an additional 13,253 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.
About News
(
Get Free Report)
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.
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