Twenty-First Century Fox, Inc. (FOX) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Twenty-First Century Fox, Inc. (NASDAQ:FOX) issued its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01, RTT News reports. Twenty-First Century Fox had a return on equity of 24.40% and a net margin of 10.72%. The business had revenue of $6.75 billion during the quarter. During the same quarter in the previous year, the business posted $0.45 EPS.
Shares of Twenty-First Century Fox (NASDAQ:FOX) traded down 0.15% during midday trading on Thursday, hitting $27.47. 3,576,560 shares of the stock were exchanged. The company has a market cap of $50.84 billion, a price-to-earnings ratio of 16.89 and a beta of 1.19. The firm has a 50 day moving average of $27.80 and a 200-day moving average of $28.96. Twenty-First Century Fox has a one year low of $23.88 and a one year high of $31.94.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.62%. Twenty-First Century Fox’s payout ratio is 22.09%.
FOX has been the topic of several research reports. BidaskClub upgraded shares of Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Finally, TheStreet upgraded shares of Twenty-First Century Fox from a “c+” rating to a “b-” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Twenty-First Century Fox has an average rating of “Hold” and a consensus price target of $31.80.
Several large investors have recently added to or reduced their stakes in the company. Emory University boosted its stake in Twenty-First Century Fox by 6.2% in the second quarter. Emory University now owns 57,553 shares of the company’s stock valued at $1,604,000 after buying an additional 3,351 shares during the period. Norinchukin Bank The boosted its stake in Twenty-First Century Fox by 2.7% in the second quarter. Norinchukin Bank The now owns 76,198 shares of the company’s stock valued at $2,124,000 after buying an additional 2,003 shares during the period. Ameriprise Financial Inc. boosted its stake in Twenty-First Century Fox by 9.1% in the second quarter. Ameriprise Financial Inc. now owns 1,791,557 shares of the company’s stock valued at $49,932,000 after buying an additional 149,803 shares during the period. Teachers Advisors LLC boosted its stake in Twenty-First Century Fox by 9.3% in the second quarter. Teachers Advisors LLC now owns 649,723 shares of the company’s stock valued at $18,108,000 after buying an additional 55,175 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in Twenty-First Century Fox by 21.8% in the second quarter. Riverhead Capital Management LLC now owns 11,228 shares of the company’s stock valued at $313,000 after buying an additional 2,011 shares during the period. Institutional investors and hedge funds own 23.18% of the company’s stock.
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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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