News (NASDAQ:NWSA) Issues Quarterly Earnings Results

News (NASDAQ:NWSA) posted its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, topping 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 %

News stock traded up $0.26 during mid-day trading on Wednesday, hitting $28.78. The company had a trading volume of 4,033,356 shares, compared to its average volume of 2,565,024. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 46.42 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News has a 1 year low of $22.65 and a 1 year high of $30.03. The business has a fifty day moving average of $28.19 and a 200 day moving average of $27.56.

News Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. News’s payout ratio is 32.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NWSA shares. Citigroup began coverage on shares of News in a report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a research report on Sunday. Guggenheim increased their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.