Jefferies Group Analysts Lift Earnings Estimates for Twenty-First Century Fox Inc (FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Jefferies Group increased their FY2018 earnings per share estimates for Twenty-First Century Fox in a research note issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $2.01 per share for the year, up from their prior estimate of $1.98. Jefferies Group currently has a “Buy” rating and a $43.00 target price on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q4 2018 earnings at $0.58 EPS, Q2 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.49 EPS and FY2021 earnings at $2.96 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The business had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the business posted $0.53 EPS. Twenty-First Century Fox’s revenue was up 4.6% on a year-over-year basis.

FOXA has been the subject of several other reports. Piper Jaffray Companies set a $40.00 target price on shares of Twenty-First Century Fox and gave the company a “buy” rating in a research note on Saturday, December 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Twenty-First Century Fox in a research note on Monday, December 4th. KeyCorp restated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, November 19th. Cowen restated a “hold” rating and set a $37.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, December 22nd. Finally, Pivotal Research downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating and raised their price objective for the stock from $37.00 to $38.00 in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus price target of $37.60.

Shares of Twenty-First Century Fox (FOXA) opened at $35.73 on Friday. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $39.13. The stock has a market cap of $67,990.00, a PE ratio of 16.62, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 1.73, a current ratio of 2.16 and a debt-to-equity ratio of 0.98.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 13th. This represents a yield of 0.00503778337531486%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 16.74%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOXA. Renaissance Technologies LLC raised its position in shares of Twenty-First Century Fox by 240.8% in the second quarter. Renaissance Technologies LLC now owns 428,500 shares of the company’s stock valued at $12,144,000 after buying an additional 302,769 shares in the last quarter. QS Investors LLC raised its position in shares of Twenty-First Century Fox by 24.1% in the second quarter. QS Investors LLC now owns 25,675 shares of the company’s stock valued at $728,000 after buying an additional 4,994 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Twenty-First Century Fox by 185.7% in the second quarter. Janus Henderson Group PLC now owns 384,641 shares of the company’s stock valued at $10,900,000 after buying an additional 250,011 shares in the last quarter. Intellectus Partners LLC raised its position in shares of Twenty-First Century Fox by 8.1% in the second quarter. Intellectus Partners LLC now owns 14,127 shares of the company’s stock valued at $400,000 after buying an additional 1,058 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Twenty-First Century Fox by 1.2% in the second 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. Institutional investors own 54.26% 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.

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

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