KeyCorp Brokers Increase Earnings Estimates for Twenty-First Century Fox Inc (FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) – KeyCorp upped their Q3 2018 earnings per share estimates for shares of Twenty-First Century Fox in a report released on Wednesday. KeyCorp analyst A. Hargreaves now expects that the company will post earnings per share of $0.60 for the quarter, up from their previous estimate of $0.52. KeyCorp has a “Buy” rating and a $35.00 price target on the stock. KeyCorp also issued estimates for Twenty-First Century Fox’s Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.00 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.28 EPS.

Several other research analysts have also weighed in on FOXA. B. Riley reaffirmed a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. Piper Jaffray Companies reiterated a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, October 10th. Finally, Royal Bank of Canada increased their price target on Twenty-First Century Fox to $43.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.36.

Shares of Twenty-First Century Fox (NASDAQ FOXA) traded down $0.93 on Friday, hitting $36.18. The company had a trading volume of 14,253,400 shares, compared to its average volume of 10,015,450. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. The stock has a market cap of $68,747.31, a price-to-earnings ratio of 22.47, a P/E/G ratio of 2.10 and a beta of 1.34. Twenty-First Century Fox has a twelve month low of $24.81 and a twelve month high of $37.13.

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, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS.

Hedge funds have recently modified their holdings of the company. Verition Fund Management LLC bought a new position in shares of Twenty-First Century Fox during the second quarter worth about $365,000. Candriam Luxembourg S.C.A. lifted its position in shares of Twenty-First Century Fox by 76.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock worth $6,890,000 after purchasing an additional 113,484 shares during the last quarter. Fort L.P. lifted its position in shares of Twenty-First Century Fox by 831.1% during the third quarter. Fort L.P. now owns 274,233 shares of the company’s stock worth $7,234,000 after purchasing an additional 244,781 shares during the last quarter. KBC Group NV lifted its position in shares of Twenty-First Century Fox by 0.6% during the third quarter. KBC Group NV now owns 930,207 shares of the company’s stock worth $24,538,000 after purchasing an additional 5,364 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Twenty-First Century Fox by 7.0% during the third quarter. Norinchukin Bank The now owns 176,071 shares of the company’s stock worth $4,645,000 after purchasing an additional 11,453 shares during the last quarter. 54.44% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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