Trading Report: Today, Q1 2018 EPS Estimates for Twenty-First Century Fox Inc. Boosted by Analyst (FOXA)

Today, Q1 2018 EPS Estimates for Twenty-First Century Fox Inc. Boosted by Analyst (FOXA)

Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings per share estimates for shares of Twenty-First Century Fox in a report released on Tuesday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.54. Jefferies Group currently has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q2 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $2.12 EPS and Q1 2019 earnings at $0.63 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Twenty-First Century Fox had a net margin of 10.45% and a return on equity of 23.28%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share.

Several other brokerages have also recently issued reports on FOXA. Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 21st. Citigroup Inc. decreased their target price on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating for the company in a report on Monday, August 15th. Barclays PLC cut shares of Twenty-First Century Fox from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $33.00 to $29.00 in a report on Monday, August 8th. Deutsche Bank AG decreased their target price on shares of Twenty-First Century Fox from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, August 5th. Finally, TheStreet upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.69.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.28% during trading on Wednesday, reaching $28.32. 1,324,182 shares of the company traded hands. The firm has a market capitalization of $52.54 billion, a PE ratio of 18.72 and a beta of 1.28. Twenty-First Century Fox has a 12 month low of $22.66 and a 12 month high of $31.25. The firm has a 50-day moving average price of $26.23 and a 200-day moving average price of $26.58.

Large investors have recently made changes to their positions in the stock. Whalerock Point Partners LLC acquired a new stake in shares of Twenty-First Century Fox during the third quarter valued at about $289,000. Iowa State Bank acquired a new stake in shares of Twenty-First Century Fox during the second quarter valued at about $126,000. NEXT Financial Group Inc raised its stake in shares of Twenty-First Century Fox by 93.7% in the third quarter. NEXT Financial Group Inc now owns 4,697 shares of the company’s stock valued at $114,000 after buying an additional 2,272 shares during the period. Capital Analysts LLC raised its stake 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 valued at $192,000 after buying an additional 1,309 shares during the period. Finally, Johnson Financial Group Inc. raised its stake 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 valued at $128,000 after buying an additional 4,650 shares during the period. 54.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

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