News (NASDAQ:NWS – Get Free Report) announced its earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), Zacks reports. News had a return on equity of 4.76% and a net margin of 3.49%.
News Stock Performance
NASDAQ NWS traded up $0.38 during trading on Wednesday, hitting $33.24. 1,488,623 shares of the company’s stock traded hands, compared to its average volume of 650,305. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 53.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The business has a 50 day moving average of $31.23 and a 200-day moving average of $29.59. News has a 12-month low of $23.99 and a 12-month high of $33.30.
Wall Street Analysts Forecast Growth
Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research note on Friday, January 31st.
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.
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