Brokerages Anticipate Twenty-First Century Fox, Inc. (FOXA) to Announce $0.49 Earnings Per Share
Wall Street brokerages forecast that Twenty-First Century Fox, Inc. (NASDAQ:FOXA) will announce earnings per share (EPS) of $0.49 for the current quarter, Zacks reports. Four analysts have made estimates for Twenty-First Century Fox’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.57. Twenty-First Century Fox reported earnings of $0.51 per share during the same quarter last year, which would indicate a negative year over year growth rate of 3.9%. The firm is expected to announce its next earnings results after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Twenty-First Century Fox will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.92 to $2.03. For the next fiscal year, analysts anticipate that the company will post earnings of $2.24 per share, with EPS estimates ranging from $2.14 to $2.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Twenty-First Century Fox.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis.
Several brokerages have commented on FOXA. Cowen and Company reissued a “market perform” rating and issued a $32.00 price objective (down from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $35.00 price objective (up from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a report on Friday, August 11th. They issued an “overweight” rating and a $35.00 price objective on the stock. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.35.
Shares of Twenty-First Century Fox (NASDAQ FOXA) opened at 27.18 on Thursday. The company has a 50-day moving average price of $26.70 and a 200-day moving average price of $28.02. The stock has a market cap of $50.31 billion, a price-to-earnings ratio of 17.14 and a beta of 1.26. Twenty-First Century Fox has a 52 week low of $24.96 and a 52 week high of $32.60.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s payout ratio is 22.64%.
Institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust lifted its position in Twenty-First Century Fox by 1,328.3% during the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after buying an additional 3,520 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Twenty-First Century Fox by 4.8% during the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock worth $123,000 after buying an additional 200 shares in the last quarter. Global X Management Co. LLC lifted its position in Twenty-First Century Fox by 26.5% during the first quarter. Global X Management Co. LLC now owns 4,657 shares of the company’s stock worth $151,000 after buying an additional 975 shares in the last quarter. Fifth Third Bancorp lifted its position in Twenty-First Century Fox by 6.2% during the first quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock worth $161,000 after buying an additional 291 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Twenty-First Century Fox during the first quarter worth approximately $167,000. Hedge funds and other institutional investors own 53.30% of the company’s stock.
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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