Q1 2018 Earnings Estimate for Twenty-First Century Fox, Inc. (FOXA) Issued By Jefferies Group
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – Equities researchers at Jefferies Group reduced their Q1 2018 earnings estimates for Twenty-First Century Fox in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $0.48 per share for the quarter, down from their prior estimate of $0.53. Jefferies Group has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.53 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.60 EPS and FY2020 earnings at $2.48 EPS.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.94% and a net margin of 10.36%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis.
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A number of other equities research analysts have also issued reports on the company. Rosenblatt Securities raised Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, May 11th. Guggenheim reissued a “buy” rating and issued a $35.00 target price (up previously from $34.00) on shares of Twenty-First Century Fox in a research report on Friday, April 14th. BMO Capital Markets set a $36.00 target price on Twenty-First Century Fox and gave the company a “buy” rating in a research report on Friday, June 16th. ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $37.00 target price on shares of Twenty-First Century Fox in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.23.
Twenty-First Century Fox (FOXA) traded up 1.15% during trading on Friday, reaching $28.20. The company had a trading volume of 3,554,817 shares. The company has a 50 day moving average price of $28.13 and a 200 day moving average price of $29.37. Twenty-First Century Fox has a 52-week low of $23.33 and a 52-week high of $32.60. The company has a market capitalization of $52.28 billion, a PE ratio of 17.72 and a beta of 1.27.
A number of hedge funds have recently added to or reduced their stakes in FOXA. State of Alaska Department of Revenue purchased a new stake in Twenty-First Century Fox during the first quarter valued at about $134,000. Oakbrook Investments LLC increased its stake in Twenty-First Century Fox by 91.9% in the first quarter. Oakbrook Investments LLC now owns 146,000 shares of the company’s stock valued at $4,729,000 after buying an additional 69,900 shares during the period. Hartford Financial Management Inc. increased its stake in Twenty-First Century Fox by 2.4% in the first quarter. Hartford Financial Management Inc. now owns 46,575 shares of the company’s stock valued at $1,508,000 after buying an additional 1,108 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Twenty-First Century Fox during the first quarter valued at about $1,811,000. Finally, DnB Asset Management AS increased its stake in Twenty-First Century Fox by 7.3% in the first quarter. DnB Asset Management AS now owns 117,150 shares of the company’s stock valued at $3,794,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 53.96% of the company’s stock.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.
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.
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