Brokerages forecast that Twenty-First Century Fox Inc (NASDAQ:FOXA) will report sales of $8.62 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Twenty-First Century Fox’s earnings. The lowest sales estimate is $8.41 billion and the highest is $8.88 billion. Twenty-First Century Fox posted sales of $8.04 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is expected to report its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Twenty-First Century Fox will report full year sales of $31.34 billion for the current year, with estimates ranging from $30.40 billion to $32.42 billion. For the next fiscal year, analysts forecast that the business will report sales of $33.03 billion, with estimates ranging from $31.40 billion to $34.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Twenty-First Century Fox.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $7.18 billion during the quarter, compared to analyst estimates of $7.23 billion. Twenty-First Century Fox had a return on equity of 18.01% and a net margin of 16.01%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share.

Several research firms have recently issued reports on FOXA. Zacks Investment Research raised Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Evercore ISI began coverage on Twenty-First Century Fox in a research report on Monday, November 5th. They issued an “outperform” rating and a $52.00 price target for the company. Royal Bank of Canada lowered Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $45.00 to $49.00 in a research report on Thursday, August 9th. They noted that the move was a valuation call. Cowen reaffirmed a “hold” rating and issued a $49.00 price target on shares of Twenty-First Century Fox in a research report on Sunday, August 12th. Finally, Gabelli reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, November 27th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Twenty-First Century Fox has a consensus rating of “Buy” and an average price target of $47.20.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Twenty-First Century Fox by 47.2% in the 3rd quarter. Vanguard Group Inc. now owns 106,152,247 shares of the company’s stock worth $4,901,046,000 after buying an additional 34,038,507 shares during the last quarter. BlackRock Inc. raised its position in Twenty-First Century Fox by 4.0% in the 3rd quarter. BlackRock Inc. now owns 62,450,677 shares of the company’s stock worth $2,893,340,000 after buying an additional 2,385,303 shares during the last quarter. Baupost Group LLC MA raised its position in Twenty-First Century Fox by 31.9% in the 3rd quarter. Baupost Group LLC MA now owns 52,001,167 shares of the company’s stock worth $2,409,214,000 after buying an additional 12,585,338 shares during the last quarter. Independent Franchise Partners LLP raised its position in Twenty-First Century Fox by 11.0% in the 3rd quarter. Independent Franchise Partners LLP now owns 28,962,748 shares of the company’s stock worth $1,341,844,000 after buying an additional 2,880,981 shares during the last quarter. Finally, FMR LLC raised its position in Twenty-First Century Fox by 96.2% in the 3rd quarter. FMR LLC now owns 28,789,989 shares of the company’s stock worth $1,333,840,000 after buying an additional 14,117,855 shares during the last quarter. 52.93% of the stock is owned by institutional investors and hedge funds.

Shares of Twenty-First Century Fox stock opened at $49.50 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.45 and a debt-to-equity ratio of 0.84. The firm has a market cap of $91.00 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.64 and a beta of 1.25. Twenty-First Century Fox has a 12 month low of $32.35 and a 12 month high of $50.15.

About Twenty-First Century Fox

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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

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