News (NASDAQ:NWS) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

News (NASDAQ:NWS) released its quarterly earnings data on Wednesday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01), Zacks reports. News had a net margin of 3.49% and a return on equity of 4.76%.

News Stock Up 1.2 %

NWS stock 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. The firm’s fifty day simple moving average is $31.26 and its 200-day simple moving average is $29.62. News has a 12 month low of $23.99 and a 12 month high of $33.30. The company has a market capitalization of $18.90 billion, a P/E ratio of 53.61 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a 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.