News (NASDAQ:NWS) Issues Quarterly Earnings Results

News (NASDAQ:NWS - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05), Zacks reports. News had a return on equity of 5.31% and a net margin of 4.22%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion.

News Stock Performance

NWS traded up $0.07 during midday trading on Friday, reaching $32.57. The company's stock had a trading volume of 567,743 shares, compared to its average volume of 739,814. News has a twelve month low of $25.92 and a twelve month high of $35.25. The stock has a market cap of $18.48 billion, a P/E ratio of 44.62 and a beta of 1.28. The company has a fifty day simple moving average of $30.59 and a 200 day simple moving average of $31.20. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

News Company Profile

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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