News (NWSA) Releases Earnings Results

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News (NASDAQ:NWSA) issued its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02, Bloomberg Earnings reports. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. News had a negative net margin of 13.11% and a positive return on equity of 2.71%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share.

Shares of NASDAQ NWSA opened at $12.46 on Friday. News has a 12-month low of $10.65 and a 12-month high of $16.68. The stock has a market cap of $7.43 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 3.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.15.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a yield of 1.61%. News’s dividend payout ratio is presently 45.45%.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of News from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research note on Wednesday, January 2nd. ValuEngine cut shares of News from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, Citigroup raised shares of News from a “neutral” rating to a “buy” rating in a research note on Monday, January 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.17.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Bridge LLC purchased a new stake in News during the 4th quarter valued at about $37,000. Enlightenment Research LLC purchased a new stake in News during the 4th quarter valued at about $56,000. Cadence Capital Management LLC purchased a new stake in News during the 3rd quarter valued at about $138,000. Signition LP purchased a new stake in News during the 3rd quarter valued at about $160,000. Finally, Sensato Investors LLC purchased a new stake in News during the 3rd quarter valued at about $179,000. 60.99% of the stock is owned by institutional investors.

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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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