Brokerages Anticipate Twenty-First Century Fox Inc (FOXA) to Post $0.56 Earnings Per Share

Wall Street analysts predict that Twenty-First Century Fox Inc (NASDAQ:FOXA) will post earnings of $0.56 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Twenty-First Century Fox’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.52. Twenty-First Century Fox reported earnings of $0.54 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 9th.

On average, analysts expect that Twenty-First Century Fox will report full-year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.08. For the next financial year, analysts forecast that the company will post earnings of $2.25 per share, with EPS estimates ranging from $2.10 to $2.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Twenty-First Century Fox.

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Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The business had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Twenty-First Century Fox in a report on Thursday, March 15th. They issued a “buy” rating and a $43.00 target price on the stock. BMO Capital Markets upped their target price on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. ValuEngine raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Jefferies Group upped their target price on shares of Twenty-First Century Fox from $30.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of Twenty-First Century Fox in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.53.

Shares of Twenty-First Century Fox (NASDAQ FOXA) opened at $36.12 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.98. Twenty-First Century Fox has a fifty-two week low of $24.81 and a fifty-two week high of $39.13. The firm has a market cap of $66,913.30, a PE ratio of 16.88, a PEG ratio of 1.92 and a beta of 1.36.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.18 per share. This represents a yield of 0.00503778337531486%. The ex-dividend date is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 16.82%.

A number of large investors have recently modified their holdings of FOXA. Alliancebernstein L.P. grew its holdings in Twenty-First Century Fox by 409.6% during the 4th quarter. Alliancebernstein L.P. now owns 9,313,012 shares of the company’s stock worth $321,578,000 after acquiring an additional 7,485,610 shares during the last quarter. Franklin Resources Inc. grew its holdings in Twenty-First Century Fox by 43.8% during the 4th quarter. Franklin Resources Inc. now owns 22,857,561 shares of the company’s stock worth $789,270,000 after acquiring an additional 6,959,165 shares during the last quarter. York Capital Management Global Advisors LLC bought a new position in shares of Twenty-First Century Fox in the 4th quarter valued at about $121,123,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Twenty-First Century Fox by 8.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after purchasing an additional 3,018,013 shares during the last quarter. Finally, Alpine Associates Management Inc. bought a new position in shares of Twenty-First Century Fox in the 4th quarter valued at about $59,134,000. 53.77% of the stock is currently owned by hedge funds and other institutional investors.

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About Twenty-First Century Fox

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.

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

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