Twenty-First Century Fox Inc. (NASDAQ:FOXA) – Stock analysts at Wedbush raised their Q2 2017 earnings per share (EPS) estimates for Twenty-First Century Fox in a report issued on Friday. Wedbush analyst J. Dix now anticipates that the brokerage will post earnings of $0.48 per share for the quarter, up from their prior forecast of $0.47. Wedbush currently has a “Outperform” rating and a $33.00 price objective on the stock. Wedbush also issued estimates for Twenty-First Century Fox’s Q3 2017 earnings at $0.50 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. Twenty-First Century Fox had a net margin of 10.45% and a return on equity of 23.28%. The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same quarter last 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.

Earnings History and Estimates for Twenty-First Century Fox (NASDAQ:FOXA)

Several other equities research analysts have also recently commented on FOXA. Brean Capital restated a “hold” rating on shares of Twenty-First Century Fox in a research note on Friday, July 22nd. Credit Suisse Group AG cut their price target on Twenty-First Century Fox from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. FBR & Co cut their price target on Twenty-First Century Fox from $42.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, August 4th. 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 for the company in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. Twenty-First Century Fox has a consensus rating of “Buy” and a consensus target price of $31.57.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 27.45 on Monday. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 18.14 and a beta of 1.28. Twenty-First Century Fox has a one year low of $22.66 and a one year high of $31.25. The firm has a 50-day moving average price of $25.64 and a 200-day moving average price of $26.64.

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in 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 period. Yacktman Asset Management LP raised its stake in 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 period. BlackRock Institutional Trust Company N.A. raised its stake in Twenty-First Century Fox by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,667,198 shares of the company’s stock worth $718,540,000 after buying an additional 1,582,731 shares during the period. Independent Franchise Partners LLP bought a new stake in Twenty-First Century Fox during the third quarter worth about $496,728,000. Finally, Morgan Stanley raised its stake in shares of Twenty-First Century Fox by 8.6% in the third quarter. Morgan Stanley now owns 16,165,068 shares of the company’s stock worth $391,517,000 after buying an additional 1,278,170 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

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.

5 Day Chart for NASDAQ:FOXA

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