Equities analysts predict that Twenty-First Century Fox Inc (NASDAQ:FOXA) will announce $7.33 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Twenty-First Century Fox’s earnings, with the lowest sales estimate coming in at $7.09 billion and the highest estimate coming in at $7.45 billion. Twenty-First Century Fox reported sales of $7.00 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The business is scheduled to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Twenty-First Century Fox will report full year sales of $31.93 billion for the current financial year, with estimates ranging from $31.29 billion to $32.53 billion. For the next fiscal year, analysts anticipate that the company will post sales of $33.46 billion, with estimates ranging from $32.80 billion to $34.71 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Twenty-First Century Fox.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.52 billion. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share.

Several equities analysts have commented on FOXA shares. Credit Suisse Group started coverage on shares of Twenty-First Century Fox in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $57.00 price target for the company. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Macquarie boosted their price target on shares of Twenty-First Century Fox from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Cowen restated a “hold” rating and issued a $48.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, August 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $53.00 price target on shares of Twenty-First Century Fox in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.44.

Several hedge funds have recently modified their holdings of the stock. Egerton Capital UK LLP boosted its stake in Twenty-First Century Fox by 93.4% in the second quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock valued at $1,333,357,000 after acquiring an additional 12,957,606 shares in the last quarter. Morgan Stanley boosted its stake in Twenty-First Century Fox by 48.6% in the second quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock valued at $1,092,706,000 after acquiring an additional 7,189,693 shares in the last quarter. Senator Investment Group LP acquired a new position in Twenty-First Century Fox in the second quarter valued at $238,415,000. Arrowgrass Capital Partners US LP acquired a new position in Twenty-First Century Fox in the second quarter valued at $147,582,000. Finally, Numen Capital LLP acquired a new position in Twenty-First Century Fox in the second quarter valued at $98,496,000. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Shares of NASDAQ FOXA opened at $45.84 on Friday. The company has a market capitalization of $84.90 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $50.15.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox’s payout ratio is currently 18.27%.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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

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