Q3 2018 EPS Estimates for Twenty-First Century Fox Inc Increased by KeyCorp (FOXA)
Twenty-First Century Fox Inc (NASDAQ:FOXA) – Research analysts at KeyCorp boosted their Q3 2018 earnings estimates for Twenty-First Century Fox in a research note issued to investors on Wednesday. KeyCorp analyst A. Hargreaves now forecasts that the company will earn $0.60 per share for the quarter, up from their previous forecast of $0.52. 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 Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.00 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.28 EPS.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year.
Twenty-First Century Fox (FOXA) opened at $36.65 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $68,460.00, a PE ratio of 22.62, a PEG ratio of 2.05 and a beta of 1.44. Twenty-First Century Fox has a 1-year low of $24.81 and a 1-year high of $37.13.
Several institutional investors and hedge funds have recently modified their holdings of FOXA. Schroder Investment Management Group purchased a new stake in shares of Twenty-First Century Fox in the second quarter worth about $235,000. Ameriprise Financial Inc. boosted its position in Twenty-First Century Fox by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 643,510 shares of the company’s stock worth $18,237,000 after purchasing an additional 1,997 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Twenty-First Century Fox during the second quarter worth approximately $206,000. BT Investment Management Ltd purchased a new position in Twenty-First Century Fox during the second quarter worth approximately $373,000. Finally, Thrivent Financial For Lutherans boosted its position in Twenty-First Century Fox by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 39,690 shares of the company’s stock worth $1,125,000 after purchasing an additional 1,030 shares in the last quarter. Hedge funds and other institutional investors own 54.44% of the company’s stock.
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.
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