Equities analysts predict that Twenty-First Century Fox, Inc. (NASDAQ:FOXA) will post sales of $6.73 billion for the current quarter, according to Zacks. Four analysts have made estimates for Twenty-First Century Fox’s earnings. The lowest sales estimate is $6.70 billion and the highest is $6.76 billion. Twenty-First Century Fox reported sales of $6.65 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, August 9th.

On average, analysts expect that Twenty-First Century Fox will report full year sales of $6.73 billion for the current year, with estimates ranging from $28.45 billion to $28.80 billion. For the next financial year, analysts forecast that the business will post sales of $29.66 billion per share, with estimates ranging from $29.15 billion to $30.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Twenty-First Century Fox.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.63 billion. Twenty-First Century Fox had a net margin of 10.72% and a return on equity of 24.40%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share.

Several equities analysts recently weighed in on FOXA shares. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Monday, April 10th. Royal Bank Of Canada restated a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, April 11th. Guggenheim restated a “buy” rating and issued a $35.00 price objective (up from $34.00) on shares of Twenty-First Century Fox in a report on Friday, April 14th. Pivotal Research restated a “buy” rating and issued a $37.00 price objective (up from $36.00) on shares of Twenty-First Century Fox in a report on Sunday, April 23rd. Finally, Rosenblatt Securities upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $33.10.

Several large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Twenty-First Century Fox by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,495 shares of the company’s stock valued at $146,000 after buying an additional 151 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after buying an additional 200 shares in the last quarter. Midwest Investment Management LLC increased its stake in shares of Twenty-First Century Fox by 0.3% in the second quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock valued at $1,858,000 after buying an additional 200 shares in the last quarter. Capital One National Association increased its stake in shares of Twenty-First Century Fox by 1.5% in the first quarter. Capital One National Association now owns 14,093 shares of the company’s stock valued at $456,000 after buying an additional 202 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Twenty-First Century Fox by 0.5% in the first quarter. Nordea Investment Management AB now owns 54,956 shares of the company’s stock valued at $1,780,000 after buying an additional 270 shares in the last quarter. 53.96% of the stock is owned by institutional investors.

Twenty-First Century Fox (FOXA) opened at 28.46 on Monday. The firm has a market cap of $52.68 billion, a price-to-earnings ratio of 17.50 and a beta of 1.27. Twenty-First Century Fox has a 52-week low of $23.33 and a 52-week high of $32.60. The firm has a 50-day moving average of $27.99 and a 200 day moving average of $29.44.

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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.

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

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