Zacks Reaffirms Neutral Rating for Twenty-First Century Fox (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Friday. They currently have a $38.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 6.35% from the stock’s previous close.
Twenty-First Century Fox (NASDAQ:FOXA) traded up 0.34% on Friday, hitting $35.85. 5,047,585 shares of the company’s stock traded hands. Twenty-First Century Fox has a 52-week low of $30.67 and a 52-week high of $36.43. The stock has a 50-day moving average of $34.06 and a 200-day moving average of $33.65. The company has a market cap of $78.514 billion and a P/E ratio of 17.95.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts expect that Twenty-First Century Fox will post $1.71 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. This represents a dividend yield of 0.73%. The ex-dividend date is Monday, September 8th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company upgraded shares of Twenty-First Century Fox from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 7th. They now have a $35.00 price target on the stock, up previously from $29.00. Separately, analysts at Morgan Stanley initiated coverage on shares of Twenty-First Century Fox in a research note on Tuesday, August 5th. They set an “overweight” rating and a $37.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.53.
Twenty-First Century Fox, Inc, formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations.
To view Zacks’ full report, visit Zacks’ official website.
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