Stock Traders Purchase Large Volume of Put Options on 21st Century Fox (FOXA)
21st Century Fox (NASDAQ:FOXA) was the target of unusually large options trading activity on Thursday. Stock investors purchased 12,729 put options on the stock. This is an increase of 1,115% compared to the typical volume of 1,048 put options.
Shares of FOXA stock opened at $37.77 on Friday. 21st Century Fox has a 52 week low of $37.81 and a 52 week high of $38.07. The company has a market capitalization of $70.69 billion, a PE ratio of 21.68, a P/E/G ratio of 1.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.05 and a quick ratio of 1.65.
21st Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, May 9th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.40 billion. 21st Century Fox had a net margin of 13.76% and a return on equity of 17.50%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. equities research analysts anticipate that 21st Century Fox will post 1.96 EPS for the current fiscal year.
Several research analysts have issued reports on FOXA shares. Atlantic Securities raised shares of 21st Century Fox from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Piper Jaffray reaffirmed a “buy” rating and issued a $44.00 target price on shares of 21st Century Fox in a report on Friday, January 26th. ValuEngine raised shares of 21st Century Fox from a “hold” rating to a “buy” rating in a report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Finally, Loop Capital started coverage on shares of 21st Century Fox in a research note on Thursday, March 15th. They issued a “buy” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.15.
About 21st Century Fox
Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.
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