FBR & Co Analysts Raise Earnings Estimates for Twenty-First Century Fox Inc (FOXA)
Twenty-First Century Fox Inc (NASDAQ:FOXA) – Equities researchers at FBR & Co boosted their FY2017 earnings per share (EPS) estimates for shares of Twenty-First Century Fox in a report released on Thursday. FBR & Co analyst B. Crockett now anticipates that the company will post earnings of $1.93 per share for the year, up from their previous forecast of $1.91. FBR & Co currently has a “Mkt Perform” rating and a $31.00 price target on the stock. FBR & Co also issued estimates for Twenty-First Century Fox’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.51 EPS, FY2018 earnings at $2.07 EPS and FY2019 earnings at $2.41 EPS.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. TRADEMARK VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/06/16/fbr-co-analysts-raise-earnings-estimates-for-twenty-first-century-fox-inc-foxa-updated-updated-updated.html.
Other equities research analysts have also recently issued research reports about the company. Guggenheim reaffirmed a “buy” rating and issued a $33.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, February 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, February 7th. Instinet increased their price target on Twenty-First Century Fox from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Moffett Nathanson upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Wednesday, January 18th. Five investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.52.
Twenty-First Century Fox (NASDAQ:FOXA) traded down 1.445% during trading on Monday, reaching $26.945. The company’s stock had a trading volume of 1,789,822 shares. The firm has a market capitalization of $49.93 billion, a P/E ratio of 16.531 and a beta of 1.31. Twenty-First Century Fox has a one year low of $23.33 and a one year high of $32.60. The stock has a 50-day moving average of $30.30 and a 200 day moving average of $29.55. Twenty-First Century Fox also was the recipient of some unusual options trading on Monday. Traders bought 10,063 put options on the stock. This is an increase of approximately 528% compared to the average daily volume of 1,602 put options.
Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Twenty-First Century Fox during the first quarter worth approximately $106,000. Synovus Financial Corp raised its position in Twenty-First Century Fox by 53.1% in the third quarter. Synovus Financial Corp now owns 4,965 shares of the company’s stock worth $120,000 after buying an additional 1,723 shares in the last quarter. Whittier Trust Co. raised its position in Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock worth $124,000 after buying an additional 697 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Twenty-First Century Fox during the first quarter worth about $134,000. Finally, TrimTabs Asset Management LLC raised its position in Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock worth $142,000 after buying an additional 2,064 shares in the last quarter. Institutional investors and hedge funds own 54.50% 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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