B. Riley Comments on Twenty-First Century Fox Inc’s Q3 2018 Earnings (FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Research analysts at B. Riley issued their Q3 2018 earnings per share (EPS) estimates for Twenty-First Century Fox in a report issued on Thursday. B. Riley analyst B. Crockett forecasts that the company will post earnings of $0.58 per share for the quarter. B. Riley has a “Buy” rating and a $46.00 price objective on the stock. B. Riley also issued estimates for Twenty-First Century Fox’s Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.01 EPS and FY2020 earnings at $2.66 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The business had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.

FOXA has been the subject of several other reports. Piper Jaffray Companies set a $40.00 target price on Twenty-First Century Fox and gave the stock a “buy” rating in a research report on Saturday, December 16th. Pivotal Research downgraded Twenty-First Century Fox from a “buy” rating to a “hold” rating and lifted their target price for the stock from $37.00 to $38.00 in a research report on Tuesday, January 9th. KeyCorp reiterated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research report on Sunday, November 19th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Twenty-First Century Fox in a research report on Monday, December 4th. Finally, Cowen restated a “hold” rating and issued a $37.00 price objective on shares of Twenty-First Century Fox in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.60.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at $35.73 on Monday. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $39.13. The firm has a market capitalization of $65,760.00, a price-to-earnings ratio of 16.62, a PEG ratio of 1.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.73 and a current ratio of 2.16.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, March 13th. This represents a yield of 0.00503778337531486%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 16.74%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Timber Hill LLC purchased a new position in Twenty-First Century Fox in the fourth quarter valued at about $254,000. American International Group Inc. grew its stake in Twenty-First Century Fox by 5.8% in the fourth quarter. American International Group Inc. now owns 438,993 shares of the company’s stock valued at $15,158,000 after purchasing an additional 24,244 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Twenty-First Century Fox in the fourth quarter valued at about $30,424,000. Wealthfront Inc. grew its stake in Twenty-First Century Fox by 68.1% in the fourth quarter. Wealthfront Inc. now owns 35,220 shares of the company’s stock valued at $1,216,000 after purchasing an additional 14,262 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in Twenty-First Century Fox by 230.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 6,840 shares of the company’s stock valued at $236,000 after purchasing an additional 4,768 shares during the last quarter. Institutional investors own 54.26% of the company’s stock.

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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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