Twenty-First Century Fox Inc (NASDAQ:FOXA) – KeyCorp reduced their Q2 2018 EPS estimates for Twenty-First Century Fox in a note issued to investors on Wednesday. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their previous estimate of $0.50. KeyCorp has a “Buy” rating and a $35.00 price objective on the stock.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share.
Shares of Twenty-First Century Fox (NASDAQ FOXA) opened at $36.65 on Monday. The stock has a market cap of $67,895.16, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.91 and a beta of 1.34. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox has a twelve month low of $24.81 and a twelve month high of $37.13.
Several institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in 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 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 Twenty-First Century Fox by 8.8% in 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. Independent Franchise Partners LLP lifted its holdings in Twenty-First Century Fox by 7.7% in 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. Investec Asset Management LTD lifted its holdings in Twenty-First Century Fox by 30.9% in the third quarter. Investec Asset Management LTD now owns 6,256,717 shares of the company’s stock worth $165,052,000 after purchasing an additional 1,476,826 shares during the period. Finally, PGGM Investments lifted its holdings in Twenty-First Century Fox by 172.5% in the third quarter. PGGM Investments now owns 1,796,101 shares of the company’s stock worth $47,381,000 after purchasing an additional 1,136,925 shares during the period. Institutional investors and hedge funds own 54.40% of the company’s stock.
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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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