Today, FBR & Co Weighs in on Twenty-First Century Fox Inc.’s Q1 2017 Earnings (FOXA)

Today, FBR & Co Weighs in on Twenty-First Century Fox Inc.’s Q1 2017 Earnings (FOXA)

Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Research analysts at FBR & Co lowered their Q1 2017 earnings per share (EPS) estimates for Twenty-First Century Fox in a research report issued to clients and investors on Friday. FBR & Co analyst B. Crockett now anticipates that the firm will earn $0.43 per share for the quarter, down from their prior forecast of $0.48. FBR & Co currently has a “Market Perform” rating and a $38.00 price objective on the stock. FBR & Co also issued estimates for Twenty-First Century Fox’s Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.46 EPS, FY2017 earnings at $1.74 EPS, FY2018 earnings at $1.95 EPS, FY2019 earnings at $2.19 EPS and FY2020 earnings at $2.36 EPS.

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

FOXA has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on Twenty-First Century Fox from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Nomura restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Saturday, July 9th. Brean Capital began coverage on Twenty-First Century Fox in a research note on Wednesday, July 6th. They set a “hold” rating on the stock. Moffett Nathanson restated 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. Finally, Pivotal Research decreased their price target on Twenty-First Century Fox from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.61.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.73 on Monday. Twenty-First Century Fox has a 52 week low of $22.66 and a 52 week high of $31.40. The stock has a market capitalization of $46.06 billion, a P/E ratio of 17.46 and a beta of 1.34. The company’s 50-day moving average price is $24.30 and its 200 day moving average price is $27.17.

The business also recently declared a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. This is a positive change from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 25.35%.

Institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division raised its stake in shares of Twenty-First Century Fox by 0.4% in the second quarter. Moody National Bank Trust Division now owns 10,580 shares of the company’s stock worth $286,000 after buying an additional 45 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Twenty-First Century Fox by 0.8% in the second quarter. Cadence Capital Management LLC now owns 8,731 shares of the company’s stock worth $236,000 after buying an additional 71 shares in the last quarter. Quadrant Capital Group LLC raised its stake 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 in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Twenty-First Century Fox by 0.8% in the second quarter. Commonwealth Equity Services Inc now owns 21,546 shares of the company’s stock worth $583,000 after buying an additional 163 shares in the last quarter. Finally, Private Bank & Trust Co. raised its stake in shares of Twenty-First Century Fox by 1.6% in the third quarter. Private Bank & Trust Co. now owns 11,250 shares of the company’s stock worth $272,000 after buying an additional 175 shares in the last quarter. 53.33% of the stock is currently owned by hedge funds and other institutional investors.

Twenty-First Century Fox Company Profile

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