KeyCorp Weighs in on Twenty-First Century Fox Inc’s Q2 2018 Earnings (FOXA)

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.

Several other research firms have also weighed in on FOXA. Jefferies Group reiterated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Piper Jaffray Companies reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Guggenheim reiterated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Tuesday, October 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $35.00 target price (down previously from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.36.

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.

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

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