FY2018 EPS Estimates for Twenty-First Century Fox Inc (FOXA) Raised by Analyst

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Analysts at B. Riley raised their FY2018 earnings estimates for shares of Twenty-First Century Fox in a report issued on Tuesday. B. Riley analyst B. Crockett now expects that the company will post earnings per share of $2.04 for the year, up from their previous estimate of $1.96. B. Riley currently has a “Buy” rating and a $46.00 target price on the stock.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share.

FOXA has been the topic of several other reports. Jefferies Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, November 22nd. Piper Jaffray Companies set a $40.00 price target on shares of Twenty-First Century Fox and gave the company a “buy” rating in a report on Saturday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price target (down from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Finally, Cowen reaffirmed a “hold” rating and issued a $37.00 price target on shares of Twenty-First Century Fox in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox presently has an average rating of “Buy” and an average target price of $36.36.

Twenty-First Century Fox (FOXA) traded up $0.47 on Thursday, reaching $36.65. 18,037,113 shares of the company traded hands, compared to its average volume of 10,632,501. The firm has a market capitalization of $68,747.31, a PE ratio of 22.76, a PEG ratio of 2.10 and a beta of 1.34. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $37.13.

A number of institutional investors and hedge funds have recently made changes to their positions in FOXA. Mint Tower Capital Management B.V. bought a new position in Twenty-First Century Fox in the 3rd quarter valued at about $110,000. Rockefeller Financial Services Inc. bought a new position in Twenty-First Century Fox in the 3rd quarter valued at about $113,000. Zions Bancorporation grew its position in Twenty-First Century Fox by 86.4% in the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after buying an additional 2,276 shares in the last quarter. Tiedemann Wealth Management LLC bought a new position in Twenty-First Century Fox in the 3rd quarter valued at about $148,000. Finally, Stelac Advisory Services LLC bought a new position in Twenty-First Century Fox in the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 54.44% of the company’s stock.

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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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