News stock opened at $14.34 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.23. News has a 1-year low of $11.22 and a 1-year high of $15.07. The firm has a market capitalization of $8.44 billion, a P/E ratio of -44.81 and a beta of 1.50. The company’s 50-day moving average is $14.29 and its 200 day moving average is $13.78.
News (NASDAQ:NWSA) last issued its earnings results on Thursday, February 6th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.52 billion. News had a negative net margin of 1.88% and a positive return on equity of 1.97%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Research analysts anticipate that News will post 0.35 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of News by 1.1% during the first quarter. FMR LLC now owns 1,212,125 shares of the company’s stock valued at $15,079,000 after purchasing an additional 12,978 shares in the last quarter. First Trust Advisors LP acquired a new stake in News in the first quarter valued at approximately $3,730,000. BlackRock Inc. boosted its stake in News by 6.5% in the second quarter. BlackRock Inc. now owns 27,035,796 shares of the company’s stock valued at $364,713,000 after acquiring an additional 1,644,246 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in News by 67.8% in the third quarter. Envestnet Asset Management Inc. now owns 34,255 shares of the company’s stock valued at $477,000 after acquiring an additional 13,842 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in News by 98,254.5% in the third quarter. NEXT Financial Group Inc now owns 10,819 shares of the company’s stock valued at $150,000 after acquiring an additional 10,808 shares in the last quarter. 64.17% of the stock is currently owned by institutional investors and hedge funds.
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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