Wall Street brokerages predict that Twenty-First Century Fox, Inc. (NASDAQ:FOXA) will report $8.02 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Twenty-First Century Fox’s earnings, with estimates ranging from $7.91 billion to $8.12 billion. Twenty-First Century Fox reported sales of $7.68 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to report its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that Twenty-First Century Fox will report full year sales of $8.02 billion for the current fiscal year, with estimates ranging from $29.63 billion to $30.27 billion. For the next year, analysts expect that the company will post sales of $31.73 billion per share, with estimates ranging from $31.00 billion to $32.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Twenty-First Century Fox.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share.

Several equities analysts have commented on FOXA shares. B. Riley increased their price target on shares of Twenty-First Century Fox from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.44.

Several hedge funds and other institutional investors have recently modified their holdings of FOXA. Capital Research Global Investors lifted its holdings in shares of Twenty-First Century Fox by 20.2% during the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock worth $2,425,384,000 after purchasing an additional 14,398,422 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Twenty-First Century Fox by 8.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock worth $988,198,000 after purchasing an additional 3,018,013 shares during the period. Northern Trust Corp lifted its holdings in shares of Twenty-First Century Fox by 17.4% during the second quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock worth $500,285,000 after purchasing an additional 2,621,748 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Twenty-First Century Fox by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock worth $754,718,000 after purchasing an additional 2,140,568 shares during the period. Finally, Independent Franchise Partners LLP lifted its holdings in shares of Twenty-First Century Fox by 7.7% during the third quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock worth $749,050,000 after purchasing an additional 2,039,154 shares during the period. 54.50% of the stock is owned by hedge funds and other institutional investors.

Twenty-First Century Fox (NASDAQ:FOXA) opened at $34.99 on Friday. The company has a market cap of $64,616.18, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.34. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $35.86. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09.

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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.

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

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