FY2017 EPS Estimates for Twenty-First Century Fox Inc. Cut by Analyst (FOXA)
Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Equities research analysts at Credit Agricole SA dropped their FY2017 earnings per share estimates for shares of Twenty-First Century Fox in a research note issued on Friday. Credit Agricole SA analyst V. Karasyov now forecasts that the firm will post earnings of $1.85 per share for the year, down from their previous forecast of $1.86.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. The business earned $6.65 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business earned $0.39 earnings per share. Twenty-First Century Fox’s quarterly revenue was up 7.1% compared to the same quarter last year.
Several other equities analysts have also weighed in on FOXA. Jefferies Group reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Friday, September 30th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 21st. Sanford C. Bernstein lowered shares of Twenty-First Century Fox from an “outperform” rating to a “market perform” rating and cut their target price for the company from $33.00 to $26.00 in a report on Thursday, September 15th. Brean Capital reaffirmed a “hold” rating on shares of Twenty-First Century Fox in a report on Tuesday, August 16th. Finally, Citigroup Inc. cut their target price on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating for the company in a report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.61.
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Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.35 on Monday. The firm’s 50-day moving average is $24.34 and its 200 day moving average is $27.28. The company has a market cap of $45.35 billion, a price-to-earnings ratio of 17.20 and a beta of 1.34. Twenty-First Century Fox has a 52-week low of $22.66 and a 52-week high of $31.40.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its position in Twenty-First Century Fox by 126.2% in the second quarter. GSA Capital Partners LLP now owns 121,111 shares of the company’s stock worth $3,276,000 after buying an additional 67,575 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Twenty-First Century Fox during the first quarter valued at about $46,777,000. National Pension Service boosted its stake in shares of Twenty-First Century Fox by 4.1% in the first quarter. National Pension Service now owns 718,514 shares of the company’s stock valued at $20,032,000 after buying an additional 28,128 shares in the last quarter. Sather Financial Group Inc boosted its stake in shares of Twenty-First Century Fox by 7.1% in the first quarter. Sather Financial Group Inc now owns 264,559 shares of the company’s stock valued at $7,461,000 after buying an additional 17,479 shares in the last quarter. Finally, Friess Associates LLC acquired a new stake in shares of Twenty-First Century Fox during the first quarter valued at about $16,870,000. 53.31% of the stock is currently owned by institutional investors.
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, September 12th. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is presently 25.35%.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.
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