Twenty-First Century Fox (FOXA) Announces Quarterly Earnings Results
Twenty-First Century Fox (NASDAQ:FOXA) released its earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04, Briefing.com reports. The company had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.94 billion. Twenty-First Century Fox had a return on equity of 19.77% and a net margin of 13.49%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share.
Shares of Twenty-First Century Fox (FOXA) opened at $34.56 on Friday. The company has a market capitalization of $66,802.16, a PE ratio of 19.92, a P/E/G ratio of 1.90 and a beta of 1.32. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox has a fifty-two week low of $24.81 and a fifty-two week high of $39.13.
A number of equities research analysts have recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and set a $44.00 target price on shares of Twenty-First Century Fox in a research report on Friday, January 26th. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Jefferies Group boosted their target price on 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. Finally, Telsey Advisory Group restated a “market perform” rating and set a $34.00 target price (up previously from $28.00) on shares of Twenty-First Century Fox in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.60.
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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