Twenty-First Century Fox Inc (NASDAQ:FOXA) – Investment analysts at KeyCorp boosted their Q3 2018 earnings estimates for shares of Twenty-First Century Fox in a research note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings per share of $0.60 for the quarter, up from their previous forecast of $0.52. KeyCorp currently has a “Buy” rating and a $35.00 price target on the stock. KeyCorp also issued estimates for Twenty-First Century Fox’s Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.00 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.28 EPS.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The firm had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.
Other equities analysts also recently issued reports about the company. Piper Jaffray Companies set a $40.00 price objective on Twenty-First Century Fox and gave the stock a “buy” rating in a report on Saturday, December 16th. Pivotal Research raised their price objective on Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price objective on shares of Twenty-First Century Fox in a report on Monday, December 4th. BMO Capital Markets restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Wednesday, November 22nd. Finally, Jefferies Group raised their price objective on Twenty-First Century Fox from $30.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.73.
Shares of Twenty-First Century Fox (FOXA) traded up $0.67 during trading hours on Friday, reaching $36.40. The company’s stock had a trading volume of 12,425,241 shares, compared to its average volume of 10,799,381. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.98. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $39.13. The firm has a market cap of $66,190.82, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 13th. This represents a dividend yield of 0.00503778337531486%. Twenty-First Century Fox’s payout ratio is currently 16.82%.
Large investors have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new stake in shares of Twenty-First Century Fox during the 4th quarter valued at about $106,000. Mint Tower Capital Management B.V. purchased a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at about $110,000. Rockefeller Financial Services Inc. purchased a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at about $113,000. Zions Bancorporation raised its holdings in shares of Twenty-First Century Fox by 86.4% during the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after buying an additional 2,276 shares during the period. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 53.52% of the company’s stock.
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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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