Q3 2018 EPS Estimates for Twenty-First Century Fox Inc Cut by Jefferies Group (FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Investment analysts at Jefferies Group cut their Q3 2018 earnings per share estimates for Twenty-First Century Fox in a research note issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.56. Jefferies Group has a “Buy” rating and a $43.00 price target on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q3 2019 earnings at $0.54 EPS, FY2019 earnings at $2.21 EPS, Q1 2020 earnings at $0.67 EPS and FY2020 earnings at $2.59 EPS.

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

A number of other equities analysts have also recently issued reports on FOXA. B. Riley reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies restated a “buy” rating and issued a $44.00 price target on shares of Twenty-First Century Fox in a research report on Friday, January 26th. Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $34.00 price target (up from $28.00) on shares of Twenty-First Century Fox in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.60.

Twenty-First Century Fox (NASDAQ:FOXA) opened at $35.73 on Monday. The stock has a market cap of $65,760.00, a P/E ratio of 16.62, a P/E/G ratio of 1.87 and a beta of 1.42. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $39.13. The company has a current ratio of 2.16, a quick ratio of 1.73 and a debt-to-equity ratio of 0.98.

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

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