FBR & Co Weighs in on Twenty-First Century Fox Inc.’s Q1 2017 Earnings (FOXA)
Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Stock analysts at FBR & Co lowered their Q1 2017 earnings estimates for Twenty-First Century Fox in a research report issued on Friday. FBR & Co analyst B. Crockett now forecasts that the firm will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.48. FBR & Co 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.
Other equities analysts have also recently issued reports about the stock. Nomura reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Saturday, July 9th. Zacks Investment Research raised shares of Twenty-First Century Fox from a “strong sell” rating to a “hold” rating in a report on Monday. Jefferies Group cut their target price on shares of Twenty-First Century Fox from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Pivotal Research cut their target price on shares of Twenty-First Century Fox from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Twenty-First Century Fox in a report on Friday, August 5th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.61.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.68 on Monday. The firm has a market capitalization of $45.97 billion, a PE ratio of 17.43 and a beta of 1.34. Twenty-First Century Fox has a 12 month low of $22.66 and a 12 month high of $31.40. The stock has a 50 day moving average of $24.30 and a 200-day moving average of $27.14.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The business earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of FOXA. Waddell & Reed Financial Inc. bought a new position in Twenty-First Century Fox during the second quarter worth approximately $230,114,000. Capital Research Global Investors increased its position in Twenty-First Century Fox by 4.1% in the second quarter. Capital Research Global Investors now owns 52,954,319 shares of the company’s stock worth $1,432,414,000 after buying an additional 2,101,098 shares in the last quarter. Wellington Management Group LLP increased its position in Twenty-First Century Fox by 4.9% in the first quarter. Wellington Management Group LLP now owns 43,589,924 shares of the company’s stock worth $1,215,287,000 after buying an additional 2,030,457 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Twenty-First Century Fox by 1,098.5% in the second quarter. Riverhead Capital Management LLC now owns 1,954,562 shares of the company’s stock worth $52,872,000 after buying an additional 1,791,477 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Twenty-First Century Fox during the first quarter worth about $46,777,000. 53.33% of the stock is owned by institutional investors.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, September 12th. This is an increase from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is currently 25.35%.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.
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