Shares of News stock traded down $0.63 during midday trading on Wednesday, hitting $8.53. The company had a trading volume of 2,888,917 shares, compared to its average volume of 4,841,991. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 1.36. The stock has a market capitalization of $5.39 billion, a P/E ratio of -26.66 and a beta of 1.41. The company has a 50 day moving average of $12.00 and a 200 day moving average of $13.31. News has a 52-week low of $7.97 and a 52-week high of $15.07.
News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.52 billion. News had a positive return on equity of 1.97% and a negative net margin of 1.88%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Equities research analysts forecast that News will post 0.34 EPS for the current year.
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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