News (NASDAQ:NWSA) Issues Earnings Results

News (NASDAQ:NWSA) issued its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04, Zacks reports. News had a return on equity of 4.76% and a net margin of 3.49%.

News Stock Up 0.9 %

NASDAQ:NWSA traded up $0.26 on Wednesday, hitting $28.78. 4,033,006 shares of the company’s stock traded hands, compared to its average volume of 2,564,947. The firm has a 50-day moving average price of $28.19 and a 200-day moving average price of $27.56. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The company has a market cap of $16.37 billion, a PE ratio of 46.42 and a beta of 1.35. News has a 1 year low of $22.65 and a 1 year high of $30.03.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NWSA shares. Guggenheim lifted their target price on News from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday, January 31st. Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Citigroup assumed coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $39.25.

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.