Twenty-First Century Fox Inc (FOXA) to Post Q1 2019 Earnings of $0.51 Per Share, KeyCorp Forecasts

Twenty-First Century Fox Inc (NASDAQ:FOXA) – KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for shares of Twenty-First Century Fox in a note issued to investors on Wednesday. KeyCorp analyst A. Hargreaves anticipates that the company will post earnings of $0.51 per share for the quarter. KeyCorp currently has a “Buy” rating and a $35.00 target price on the stock. KeyCorp also issued estimates for Twenty-First Century Fox’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.57 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $8.04 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.

Several other analysts have also 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 reiterated a “buy” rating and set a $44.00 price target on shares of Twenty-First Century Fox in a research report on Friday, January 26th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, Jefferies Group increased their price target on shares of Twenty-First Century Fox from $30.00 to $43.00 and gave the stock a “buy” rating in a research 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 presently has an average 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. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.98. The stock has a market cap of $66,190.82, a P/E ratio of 19.74, a P/E/G ratio of 1.85 and a beta of 1.32. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $39.13.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid 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 payout ratio is currently 16.82%.

Several hedge funds have recently added to or reduced their stakes in FOXA. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Twenty-First Century Fox by 8.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after acquiring an additional 3,018,013 shares during the last quarter. Independent Franchise Partners LLP raised its stake in shares of Twenty-First Century Fox by 7.7% during the third quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock valued at $749,050,000 after acquiring an additional 2,039,154 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Twenty-First Century Fox during the fourth quarter valued at $59,134,000. Investec Asset Management LTD raised its stake in shares of Twenty-First Century Fox by 30.9% during the third quarter. Investec Asset Management LTD now owns 6,256,717 shares of the company’s stock valued at $165,052,000 after acquiring an additional 1,476,826 shares during the last quarter. Finally, PGGM Investments raised its stake in shares of Twenty-First Century Fox by 172.5% during the third quarter. PGGM Investments now owns 1,796,101 shares of the company’s stock valued at $47,381,000 after acquiring an additional 1,136,925 shares during the last quarter. 53.52% of the stock is owned by hedge funds and other institutional investors.

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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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