News (NASDAQ:NWS – Get Free Report) announced its earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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
Shares of NASDAQ:NWS opened at $33.24 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News has a 1 year low of $23.99 and a 1 year high of $33.30. The firm has a market capitalization of $18.90 billion, a PE ratio of 53.61 and a beta of 1.38. The business’s 50 day moving average price is $31.26 and its 200-day moving average price is $29.62.
Analysts Set New Price Targets
Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report 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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