Twenty-First Century Fox, Inc. (NASDAQ:FOXA) – CLSA lifted their FY2018 earnings estimates for Twenty-First Century Fox in a research note issued to investors on Monday. CLSA analyst V. Karasyov now anticipates that the firm will post earnings of $2.06 per share for the year, up from their prior estimate of $2.04. CLSA also issued estimates for Twenty-First Century Fox’s FY2019 earnings at $2.25 EPS.

Several other equities analysts have also commented on the stock. Brean Capital restated a “hold” rating on shares of Twenty-First Century Fox in a research report on Thursday, November 3rd. Barclays PLC restated a “hold” rating and set a $29.00 price target on shares of Twenty-First Century Fox in a research report on Thursday, November 3rd. FBR & Co restated a “hold” rating on shares of Twenty-First Century Fox in a research report on Thursday, November 3rd. Telsey Advisory Group lowered shares of Twenty-First Century Fox from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $35.00 to $28.00 in a research report on Monday, December 12th. Finally, TheStreet upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.07.

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

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Twenty-First Century Fox (NASDAQ:FOXA) traded up 1.38% during mid-day trading on Wednesday, hitting $30.08. 8,061,989 shares of the stock traded hands. The firm’s 50-day moving average is $28.17 and its 200-day moving average is $26.39. 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 cap of $55.81 billion, a price-to-earnings ratio of 19.88 and a beta of 1.29.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly 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 net margin of 10.45% and a return on equity of 23.28%. The business earned $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in FOXA. D.A. Davidson & CO. increased its position in Twenty-First Century Fox by 52.4% in the third quarter. D.A. Davidson & CO. now owns 182,250 shares of the company’s stock worth $4,413,000 after buying an additional 62,678 shares in the last quarter. Whalerock Point Partners LLC purchased a new position in Twenty-First Century Fox during the third quarter worth approximately $289,000. Brinker Capital Inc. purchased a new position in Twenty-First Century Fox during the third quarter worth approximately $577,000. Piedmont Investment Advisors LLC purchased a new position in Twenty-First Century Fox during the third quarter worth approximately $5,419,000. Finally, Price T Rowe Associates Inc. MD increased its position in Twenty-First Century Fox by 42.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,654,982 shares of the company’s stock worth $258,064,000 after buying an additional 3,177,628 shares in the last quarter. Hedge funds and other institutional investors own 52.84% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “FY2018 Earnings Estimate for Twenty-First Century Fox, Inc. (FOXA) Issued By CLSA” was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of US & international copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/01/11/fy2018-earnings-estimate-for-twenty-first-century-fox-inc-foxa-issued-by-clsa.html.

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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