Jefferies Group Brokers Lower Earnings Estimates for Twenty-First Century Fox, Inc. (FOXA)

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – Jefferies Group decreased their Q1 2018 earnings per share estimates for shares of Twenty-First Century Fox in a report released on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.48. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock.

FOXA has been the topic of a number of other research reports. Piper Jaffray Companies began coverage on shares of Twenty-First Century Fox in a research report on Friday, August 11th. They issued an “overweight” rating and a $35.00 price target on the stock. KeyCorp restated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. BMO Capital Markets set a $36.00 price target on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the stock. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus target price of $33.35.

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Twenty-First Century Fox (FOXA) traded up 0.2165% during midday trading on Wednesday, hitting $26.1966. 3,605,028 shares of the company were exchanged. The firm’s 50-day moving average price is $26.75 and its 200-day moving average price is $28.20. The stock has a market capitalization of $48.49 billion, a PE ratio of 16.5174 and a beta of 1.26. Twenty-First Century Fox has a one year low of $24.55 and a one year high of $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.79 billion. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. Twenty-First Century Fox’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share.

A number of hedge funds have recently made changes to their positions in FOXA. BlackRock Inc. increased its stake in Twenty-First Century Fox by 2,105.9% during the 1st quarter. BlackRock Inc. now owns 57,769,482 shares of the company’s stock valued at $1,871,155,000 after purchasing an additional 55,150,610 shares in the last quarter. Capital Research Global Investors increased its stake in Twenty-First Century Fox by 20.2% during the 2nd quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after purchasing an additional 14,398,422 shares in the last quarter. Independent Franchise Partners LLP increased its stake in Twenty-First Century Fox by 19.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock valued at $746,914,000 after purchasing an additional 4,315,548 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Twenty-First Century Fox by 132,582.5% during the 1st quarter. Point72 Asset Management L.P. now owns 2,653,649 shares of the company’s stock valued at $85,952,000 after purchasing an additional 2,651,649 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Twenty-First Century Fox by 17.4% during the 2nd quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock valued at $500,285,000 after purchasing an additional 2,621,748 shares in the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

Earnings History and Estimates for Twenty-First Century Fox (NASDAQ:FOXA)

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