Twenty-First Century Fox (FOXA) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Twenty-First Century Fox (NASDAQ:FOXA) posted its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04, Briefing.com reports. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.94 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS.
Shares of Twenty-First Century Fox (FOXA) traded down $0.31 during trading on Thursday, reaching $35.75. The company had a trading volume of 3,949,226 shares, compared to its average volume of 10,171,213. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $39.13. The company has a market cap of $68,173.02, a PE ratio of 22.30, a P/E/G ratio of 1.94 and a beta of 1.32. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 1.09.
Several analysts recently weighed in on FOXA shares. Credit Suisse Group restated an “outperform” rating and issued a $35.00 price target (down previously from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. Piper Jaffray Companies set a $40.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a research report on Saturday, December 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Twenty-First Century Fox in a research report on Monday, December 4th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, November 19th. Finally, Cowen reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.
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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