Q3 2018 EPS Estimates for Twenty-First Century Fox Inc (FOXA) Decreased by Analyst

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Equities research analysts at KeyCorp decreased their Q3 2018 earnings estimates for shares of Twenty-First Century Fox in a research note issued on Wednesday. KeyCorp analyst A. Hargreaves now expects that the company will earn $0.57 per share for the quarter, down from their prior estimate of $0.60. KeyCorp 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 $0.56 EPS, FY2018 earnings at $2.03 EPS and FY2019 earnings at $2.10 EPS.

FOXA has been the subject of a number of other reports. B. Riley upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and raised their price target for the company from $38.00 to $46.00 in a research note on Tuesday, January 16th. BMO Capital Markets reiterated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Wednesday, November 22nd. Piper Jaffray Companies set a $40.00 target price on Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Saturday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. Finally, Atlantic Securities upgraded Twenty-First Century Fox from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Twenty-First Century Fox presently has a consensus rating of “Hold” and an average price target of $37.60.

Twenty-First Century Fox (NASDAQ:FOXA) traded up $0.27 during mid-day trading on Friday, reaching $34.83. The company’s stock had a trading volume of 5,269,137 shares, compared to its average volume of 10,264,521. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The company has a market capitalization of $66,802.16, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $39.13.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.94 billion. Twenty-First Century Fox had a return on equity of 19.77% and a net margin of 13.49%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in FOXA. Verition Fund Management LLC acquired a new position in shares of Twenty-First Century Fox in the 2nd quarter valued at about $365,000. Candriam Luxembourg S.C.A. grew its position in shares of Twenty-First Century Fox by 76.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock valued at $6,890,000 after acquiring an additional 113,484 shares during the period. Fort L.P. grew its position in shares of Twenty-First Century Fox by 831.1% during the 3rd quarter. Fort L.P. now owns 274,233 shares of the company’s stock valued at $7,234,000 after acquiring an additional 244,781 shares during the period. KBC Group NV grew its position in shares of Twenty-First Century Fox by 0.6% during the 3rd quarter. KBC Group NV now owns 930,207 shares of the company’s stock valued at $24,538,000 after acquiring an additional 5,364 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Twenty-First Century Fox by 37.7% during the 3rd quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after acquiring an additional 647,790 shares during the period. 54.26% of the stock is owned by hedge funds and other institutional investors.

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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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