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%.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Twenty-First Century Fox, Inc. (FOXA) to Announce $0.49 Earnings Per Share” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/19/brokerages-anticipate-twenty-first-century-fox-inc-foxa-to-announce-0-49-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Twenty-First Century Fox (FOXA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.