Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Analysts at Jefferies Group lifted their Q3 2018 EPS estimates for Twenty-First Century Fox in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the brokerage will earn $0.54 per share for the quarter, up from their prior estimate of $0.53. Jefferies Group currently has a “Buy” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s FY2019 earnings at $2.40 EPS.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded Twenty-First Century Fox from a “strong sell” rating to a “hold” rating in a report on Monday, October 17th. Sanford C. Bernstein lowered Twenty-First Century Fox from an “outperform” rating to a “market perform” rating and cut their price target for the company from $33.00 to $26.00 in a report on Thursday, September 15th. FBR & Co restated a “hold” rating on shares of Twenty-First Century Fox in a report on Thursday, November 3rd. Brean Capital restated a “hold” rating on shares of Twenty-First Century Fox in a report on Thursday, November 3rd. Finally, Royal Bank Of Canada cut their price target on Twenty-First Century Fox from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. 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. The stock has a consensus rating of “Buy” and an average target price of $31.69.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.299% during mid-day trading on Thursday, reaching $28.315. The company had a trading volume of 1,525,849 shares. The firm’s 50-day moving average is $26.23 and its 200 day moving average is $26.58. Twenty-First Century Fox has a 12 month low of $22.66 and a 12 month high of $31.25. The company has a market capitalization of $52.53 billion, a price-to-earnings ratio of 18.714 and a beta of 1.28.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 2nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. Twenty-First Century Fox had a return on equity of 23.28% and a net margin of 10.45%. The firm earned $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in FOXA. Independent Franchise Partners LLP acquired a new stake in Twenty-First Century Fox during the third quarter valued at $496,728,000. Waddell & Reed Financial Inc. acquired a new stake in Twenty-First Century Fox during the second quarter valued at $230,114,000. Yacktman Asset Management LP boosted its position in shares of Twenty-First Century Fox by 18.8% in the third quarter. Yacktman Asset Management LP now owns 47,597,094 shares of the company’s stock worth $1,152,802,000 after buying an additional 7,533,408 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Twenty-First Century Fox by 8.4% in the third quarter. Capital Research Global Investors now owns 57,390,778 shares of the company’s stock worth $1,390,005,000 after buying an additional 4,436,459 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Twenty-First Century Fox during the third quarter worth approximately $90,122,000. Hedge funds and other institutional investors own 54.33% of the company’s stock.
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.
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