Q1 2017 EPS Estimates for Twenty-First Century Fox Inc. Boosted by Analyst (FOXA)
Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Jefferies Group upped their Q1 2017 earnings per share (EPS) estimates for shares of Twenty-First Century Fox in a research report issued on Monday. Jefferies Group analyst J. Janedis now anticipates that the brokerage will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.42. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s FY2017 earnings at $1.85 EPS and FY2018 earnings at $2.06 EPS.
Several other research analysts also recently weighed in on FOXA. Nomura restated a “buy” rating on shares of Twenty-First Century Fox in a report on Saturday, July 9th. FBR & Co lowered their price objective on shares of Twenty-First Century Fox from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, August 4th. RBC Capital Markets restated a “buy” rating and set a $32.00 price objective (down previously from $36.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Twenty-First Century Fox in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.61.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.3994% during mid-day trading on Wednesday, hitting $24.5416. 4,187,059 shares of the company traded hands. Twenty-First Century Fox has a one year low of $22.66 and a one year high of $31.40. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 17.3316 and a beta of 1.34. The firm has a 50-day moving average of $24.31 and a 200-day moving average of $27.23.
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Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. The business earned $6.65 billion during the quarter, compared to the consensus estimate of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. Twenty-First Century Fox’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Waddell & Reed Financial Inc. acquired a new position in Twenty-First Century Fox during the second quarter valued at approximately $230,114,000. Fiduciary Management Inc. WI acquired a new position in Twenty-First Century Fox during the first quarter valued at approximately $218,597,000. Capital Research Global Investors increased its position in Twenty-First Century Fox by 4.1% in the second quarter. Capital Research Global Investors now owns 52,954,319 shares of the company’s stock valued at $1,432,414,000 after buying an additional 2,101,098 shares during the period. Wellington Management Group LLP increased its position in Twenty-First Century Fox by 4.9% in the first quarter. Wellington Management Group LLP now owns 43,589,924 shares of the company’s stock valued at $1,215,287,000 after buying an additional 2,030,457 shares during the period. Finally, Riverhead Capital Management LLC increased its position in Twenty-First Century Fox by 1,098.5% in the second quarter. Riverhead Capital Management LLC now owns 1,954,562 shares of the company’s stock valued at $52,872,000 after buying an additional 1,791,477 shares during the period. 53.31% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, September 12th. This is an increase from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is 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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