Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – B. Riley decreased their Q2 2018 earnings per share (EPS) estimates for shares of Twenty-First Century Fox in a report released on Thursday. B. Riley analyst B. Crockett now anticipates that the company will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.58. B. Riley has a “Hold” rating and a $31.00 price target on the stock. B. Riley also issued estimates for Twenty-First Century Fox’s Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.96 EPS, FY2019 earnings at $2.30 EPS and FY2020 earnings at $2.71 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share 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 firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis.

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FOXA has been the subject of a number of other research reports. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a report on Friday, August 11th. They set an “overweight” rating and a $35.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating and set a $34.00 target price (down previously from $35.00) on shares of Twenty-First Century Fox in a report on Thursday. KeyCorp restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a report on Sunday, September 10th. Finally, Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.40.

Shares of Twenty-First Century Fox (NASDAQ FOXA) traded up $0.14 during trading on Friday, hitting $28.84. The company had a trading volume of 14,781,039 shares, compared to its average volume of 9,692,846. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.82 and a current ratio of 2.08. The company has a market capitalization of $53,125.31, a P/E ratio of 14.95, a PEG ratio of 1.94 and a beta of 1.26. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $32.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Twenty-First Century Fox in the second quarter worth $365,000. Louisiana State Employees Retirement System grew its stake in shares of Twenty-First Century Fox by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 65,300 shares of the company’s stock worth $1,851,000 after acquiring an additional 600 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Twenty-First Century Fox by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock worth $754,718,000 after acquiring an additional 2,140,568 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of Twenty-First Century Fox by 80.0% in the second quarter. Financial Counselors Inc. now owns 304,272 shares of the company’s stock worth $8,623,000 after acquiring an additional 135,241 shares during the last quarter. Finally, Vivaldi Asset Management LLC grew its stake in shares of Twenty-First Century Fox by 656.5% in the second quarter. Vivaldi Asset Management LLC now owns 290,500 shares of the company’s stock worth $8,233,000 after acquiring an additional 252,100 shares during the last quarter. 53.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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