News (NASDAQ:NWSA) Issues Earnings Results

News (NASDAQ:NWSA) posted its earnings results on Thursday. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05, Bloomberg Earnings reports. News had a return on equity of 2.59% and a net margin of 1.54%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis.

Shares of NWSA stock traded up $0.67 on Friday, hitting $13.70. The stock had a trading volume of 4,679,311 shares, compared to its average volume of 3,132,844. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.15 and a quick ratio of 1.04. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 29.78 and a beta of 1.51. News has a 1 year low of $10.65 and a 1 year high of $15.06. The firm has a 50 day moving average of $13.30.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its stake in News by 83.2% in the fourth quarter. Advisor Group Inc. now owns 3,355 shares of the company’s stock worth $38,000 after buying an additional 1,524 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in News by 47.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,510,010 shares of the company’s stock worth $73,888,000 after buying an additional 2,095,255 shares in the last quarter. Bank of America Corp DE boosted its stake in News by 12.2% in the fourth quarter. Bank of America Corp DE now owns 961,848 shares of the company’s stock worth $10,918,000 after buying an additional 104,889 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in News in the fourth quarter worth approximately $112,000. Finally, FMR LLC boosted its stake in News by 22.1% in the fourth quarter. FMR LLC now owns 1,199,147 shares of the company’s stock worth $13,610,000 after buying an additional 216,766 shares in the last quarter. Hedge funds and other institutional investors own 63.93% of the company’s stock.



NWSA has been the topic of a number of research analyst reports. ValuEngine upgraded News from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. Credit Suisse Group upgraded News from a “neutral” rating to an “outperform” rating in a report on Sunday. BidaskClub downgraded News from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. Finally, JPMorgan Chase & Co. downgraded News from a “neutral” rating to an “underweight” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.17.

News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Earnings History for News (NASDAQ:NWSA)

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