KeyCorp Analysts Reduce Earnings Estimates for Twenty-First Century Fox, Inc. (FOXA)

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for Twenty-First Century Fox in a research note issued on Wednesday. KeyCorp analyst A. Hargreaves now expects that the company will earn $0.50 per share for the quarter, down from their previous estimate of $0.51. 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 $0.47 EPS, FY2018 earnings at $1.98 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $2.06 EPS.

A number of other analysts have also issued reports on the company. B. Riley reaffirmed a “hold” rating and issued a $31.00 target price on shares of Twenty-First Century Fox in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 target price (down previously from $35.00) on shares of Twenty-First Century Fox in a report on Thursday. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $35.00 target price on Twenty-First Century Fox and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 target price (down previously from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.40.

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Shares of Twenty-First Century Fox (FOXA) opened at $28.84 on Friday. The stock has a market capitalization of $53,384.46, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. The company has a quick ratio of 1.82, 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 $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS.

A number of hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in Twenty-First Century Fox by 1.2% in the 2nd quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock valued at $241,000 after buying an additional 99 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Twenty-First Century Fox by 4.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after buying an additional 200 shares in the last quarter. Midwest Investment Management LLC boosted its stake in Twenty-First Century Fox by 0.3% in the 2nd quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock valued at $1,858,000 after buying an additional 200 shares in the last quarter. Nordea Investment Management AB boosted its stake in Twenty-First Century Fox by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock valued at $1,565,000 after buying an additional 282 shares in the last quarter. Finally, CenturyLink Investment Management Co boosted its stake in Twenty-First Century Fox by 1.7% in the 2nd quarter. CenturyLink Investment Management Co now owns 22,424 shares of the company’s stock valued at $635,000 after buying an additional 372 shares in the last quarter. 53.56% of the stock is currently owned by institutional investors and hedge funds.

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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