Q3 2018 Earnings Forecast for Twenty-First Century Fox Inc (FOXA) Issued By Jefferies Group
Twenty-First Century Fox Inc (NASDAQ:FOXA) – Jefferies Group decreased their Q3 2018 EPS estimates for shares of Twenty-First Century Fox in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.56. Jefferies Group currently has a “Buy” rating and a $43.00 price target on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q3 2019 earnings at $0.54 EPS, FY2019 earnings at $2.21 EPS, Q1 2020 earnings at $0.67 EPS and FY2020 earnings at $2.59 EPS.
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday. ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, January 26th. Atlantic Securities upgraded shares of Twenty-First Century Fox from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. Finally, B. Riley upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $46.00 in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.73.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The company’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 $0.53 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC bought a new stake in Twenty-First Century Fox in the second quarter worth $365,000. Candriam Luxembourg S.C.A. increased its position in Twenty-First Century Fox by 76.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock worth $6,890,000 after purchasing an additional 113,484 shares during the last quarter. Fort L.P. increased its position in Twenty-First Century Fox by 831.1% in the third quarter. Fort L.P. now owns 274,233 shares of the company’s stock worth $7,234,000 after purchasing an additional 244,781 shares during the last quarter. KBC Group NV increased its position in Twenty-First Century Fox by 0.6% in the third quarter. KBC Group NV now owns 930,207 shares of the company’s stock worth $24,538,000 after purchasing an additional 5,364 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Twenty-First Century Fox by 37.7% in the third quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock worth $62,410,000 after purchasing an additional 647,790 shares during the last quarter. Institutional investors own 53.52% of the company’s stock.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be given a $0.18 dividend. This represents a yield of 0.00503778337531486%. The ex-dividend date is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is presently 16.82%.
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.
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.