Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – Equities researchers at Jefferies Group lifted their Q3 2018 earnings per share (EPS) estimates for shares of Twenty-First Century Fox in a research note issued on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings per share of $0.50 for the quarter, up from their previous estimate of $0.49. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock.

Several other research firms have also commented on FOXA. Credit Suisse Group reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Twenty-First Century Fox in a report on Thursday, July 6th. Cowen and Company reiterated a “hold” rating and set a $33.00 price target on shares of Twenty-First Century Fox in a research report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.35.

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Twenty-First Century Fox (NASDAQ:FOXA) traded up 0.23% on Thursday, hitting $26.17. The stock had a trading volume of 6,226,919 shares. The company’s 50 day moving average is $26.77 and its 200-day moving average is $28.22. The stock has a market cap of $48.44 billion, a P/E ratio of 16.50 and a beta of 1.26. Twenty-First Century Fox has a 12 month low of $24.22 and a 12 month high of $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be given a $0.18 dividend. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in shares of Twenty-First Century Fox by 20.2% in the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after acquiring an additional 14,398,422 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Twenty-First Century Fox by 0.4% in the second quarter. Vanguard Group Inc. now owns 67,589,972 shares of the company’s stock valued at $1,915,500,000 after acquiring an additional 287,817 shares in the last quarter. BlackRock Inc. lifted its position in shares of Twenty-First Century Fox by 2.5% in the second quarter. BlackRock Inc. now owns 59,202,463 shares of the company’s stock valued at $1,677,798,000 after acquiring an additional 1,432,981 shares in the last quarter. State Street Corp lifted its position in shares of Twenty-First Century Fox by 2.6% in the first quarter. State Street Corp now owns 45,901,829 shares of the company’s stock valued at $1,486,981,000 after acquiring an additional 1,152,570 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Twenty-First Century Fox by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after acquiring an additional 2,140,568 shares in the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

About Twenty-First Century Fox

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.

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

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