Q3 2019 EPS Estimates for Twenty-First Century Fox, Inc. Boosted by Analyst (FOXA)

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – Stock analysts at Jefferies Group upped their Q3 2019 earnings per share (EPS) estimates for Twenty-First Century Fox in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $0.51 per share for the quarter, up from their previous estimate of $0.50. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q4 2019 earnings at $0.58 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. COPYRIGHT VIOLATION WARNING: This story was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://sportsperspectives.com/2017/11/14/q3-2019-eps-estimates-for-twenty-first-century-fox-inc-boosted-by-analyst-foxa.html.

A number of other brokerages have also recently issued reports on FOXA. B. Riley restated a “hold” rating and set a $31.00 price objective on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $34.00 price objective (down previously from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Cowen and Company restated a “market perform” rating and set a $32.00 price objective (down previously from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. Finally, Piper Jaffray Companies began coverage on shares of Twenty-First Century Fox in a report on Friday, August 11th. They set an “overweight” rating and a $35.00 price objective for the company. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $33.40.

Shares of Twenty-First Century Fox (FOXA) traded down $0.29 during midday trading on Monday, reaching $28.55. 5,775,000 shares of the company were exchanged, compared to its average volume of 8,595,312. The firm has a market capitalization of $53,384.46, a PE ratio of 15.02, a P/E/G ratio of 1.98 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $32.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXA. Capital Research Global Investors raised its position in Twenty-First Century Fox by 20.2% during the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock worth $2,425,384,000 after acquiring an additional 14,398,422 shares in the last quarter. Independent Franchise Partners LLP raised its position in Twenty-First Century Fox by 19.6% during the second quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock worth $746,914,000 after acquiring an additional 4,315,548 shares in the last quarter. Northern Trust Corp raised its position in Twenty-First Century Fox by 17.4% during the second quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock worth $500,285,000 after acquiring an additional 2,621,748 shares in the last quarter. Boston Partners raised its position in Twenty-First Century Fox by 19.4% during the second quarter. Boston Partners now owns 15,926,008 shares of the company’s stock worth $451,343,000 after acquiring an additional 2,592,039 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Twenty-First Century Fox by 8.7% during 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 in the last quarter. 53.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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