Todays Report: The FY2017 Earnings Estimate for Twenty-First Century Fox Inc. (FOXA) Issued By Credit Agricole SA

The FY2017 Earnings Estimate for Twenty-First Century Fox Inc. (FOXA) Issued By Credit Agricole SA

Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Analysts at Credit Agricole SA reduced their FY2017 earnings per share estimates for Twenty-First Century Fox in a report released on Friday. Credit Agricole SA analyst V. Karasyov now expects that the brokerage will earn $1.85 per share for the year, down from their prior forecast of $1.86.

Several other research firms also recently issued reports on FOXA. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Twenty-First Century Fox in a research note on Friday, June 17th. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Moffett Nathanson reaffirmed a “buy” rating and set a $32.00 price target on shares of Twenty-First Century Fox in a research note on Tuesday, July 12th. Nomura reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research note on Saturday, July 9th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Twenty-First Century Fox in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.61.

Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.37% during trading on Monday, hitting $24.55. 6,131,181 shares of the company traded hands. The company’s 50-day moving average is $24.31 and its 200 day moving average is $27.23. The firm has a market cap of $45.73 billion, a price-to-earnings ratio of 17.34 and a beta of 1.34. Twenty-First Century Fox has a 52-week low of $22.66 and a 52-week high of $31.40.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. The firm earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was up 7.1% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the stock. Iowa State Bank acquired a new position in shares of Twenty-First Century Fox during the second quarter worth about $126,000. Capital Analysts LLC raised its position in shares of Twenty-First Century Fox by 38.6% in the second quarter. Capital Analysts LLC now owns 4,699 shares of the company’s stock worth $192,000 after buying an additional 1,309 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Twenty-First Century Fox by 5,109.9% in the second quarter. Johnson Financial Group Inc. now owns 4,741 shares of the company’s stock worth $128,000 after buying an additional 4,650 shares during the last quarter. SevenBridge Financial Group LLC acquired a new position in shares of Twenty-First Century Fox during the second quarter worth about $166,000. Finally, Quadrant Capital Group LLC raised its position in shares of Twenty-First Century Fox by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,713 shares of the company’s stock worth $171,000 after buying an additional 159 shares during the last quarter. 53.31% of the stock is currently owned by institutional investors.

The firm also recently announced a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be given a $0.18 dividend. This is a positive change from Twenty-First Century Fox’s previous dividend of $0.15. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio is presently 25.35%.

Twenty-First Century Fox Company Profile

Related posts

Leave a Comment