Equities research analysts predict that Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) will report $7.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Twenty-First Century Fox Inc Class A’s earnings. The lowest sales estimate is $7.09 billion and the highest is $7.45 billion. Twenty-First Century Fox Inc Class A reported sales of $7.00 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to issue its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Twenty-First Century Fox Inc Class A will report full year sales of $31.91 billion for the current fiscal year, with estimates ranging from $31.19 billion to $32.53 billion. For the next financial year, analysts expect that the firm will report sales of $33.45 billion per share, with estimates ranging from $32.80 billion to $34.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Twenty-First Century Fox Inc Class A.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Twenty-First Century Fox Inc Class A had a return on equity of 18.71% and a net margin of 14.68%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the business earned $0.36 EPS. Twenty-First Century Fox Inc Class A’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Several equities research analysts have issued reports on FOXA shares. Credit Suisse Group started coverage on Twenty-First Century Fox Inc Class A in a report on Tuesday, July 10th. They set an “overweight” rating and a $57.00 price objective on the stock. Cowen reiterated a “hold” rating and issued a $48.00 price target on shares of Twenty-First Century Fox Inc Class A in a report on Wednesday, August 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 price target on shares of Twenty-First Century Fox Inc Class A in a report on Friday, August 10th. Royal Bank of Canada downgraded Twenty-First Century Fox Inc Class A from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $45.00 to $49.00 in a report on Thursday, August 9th. They noted that the move was a valuation call. Finally, B. Riley boosted their price target on Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Twenty-First Century Fox Inc Class A presently has a consensus rating of “Buy” and an average target price of $44.00.

FOXA stock traded down $0.09 during midday trading on Thursday, hitting $45.31. 8,915,200 shares of the company’s stock were exchanged, compared to its average volume of 11,456,872. The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89. Twenty-First Century Fox Inc Class A has a 12-month low of $24.81 and a 12-month high of $50.15. The company has a market capitalization of $84.11 billion, a PE ratio of 23.05, a P/E/G ratio of 2.34 and a beta of 1.32.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox Inc Class A’s dividend payout ratio (DPR) is 18.27%.

A number of institutional investors and hedge funds have recently modified their holdings of FOXA. Hound Partners LLC bought a new position in Twenty-First Century Fox Inc Class A during the 1st quarter worth $623,227,000. Egerton Capital UK LLP grew its stake in Twenty-First Century Fox Inc Class A by 93.4% during the 2nd quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock worth $1,333,357,000 after buying an additional 12,957,606 shares during the last quarter. Morgan Stanley grew its stake in Twenty-First Century Fox Inc Class A by 48.6% during the 2nd quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock worth $1,092,706,000 after buying an additional 7,189,693 shares during the last quarter. Senator Investment Group LP bought a new position in Twenty-First Century Fox Inc Class A during the 2nd quarter worth $238,415,000. Finally, Arrowgrass Capital Partners US LP bought a new position in Twenty-First Century Fox Inc Class A during the 2nd quarter worth $147,582,000. Hedge funds and other institutional investors own 54.08% of the company’s stock.

Twenty-First Century Fox Inc Class A Company Profile

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

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