Twenty-First Century Fox Inc (FOXA) to Post Q1 2019 Earnings of $0.60 Per Share, B. Riley Forecasts

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Stock analysts at B. Riley issued their Q1 2019 earnings estimates for Twenty-First Century Fox in a research report issued on Thursday. B. Riley analyst B. Crockett forecasts that the company will post earnings of $0.60 per share for the quarter. B. Riley has a “Buy” rating and a $46.00 price target on the stock. B. Riley also issued estimates for Twenty-First Century Fox’s Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.31 EPS.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $8.04 billion during the quarter, compared to analyst estimates of $7.94 billion. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share.

Several other equities research analysts have also issued reports on FOXA. Piper Jaffray Companies set a $35.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price target (down previously from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. KeyCorp reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, November 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.60.

Shares of Twenty-First Century Fox (FOXA) opened at $35.73 on Friday. The stock has a market capitalization of $66,190.82, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.87 and a beta of 1.32. Twenty-First Century Fox has a 52 week low of $24.81 and a 52 week high of $39.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.73 and a current ratio of 2.16.

Hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in shares of Twenty-First Century Fox by 1.2% in the 2nd quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock valued at $241,000 after acquiring an additional 99 shares during the last quarter. Intellectus Partners LLC lifted its stake in shares of Twenty-First Century Fox by 8.1% in the 2nd quarter. Intellectus Partners LLC now owns 14,127 shares of the company’s stock valued at $400,000 after acquiring an additional 1,058 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Twenty-First Century Fox by 36.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,282 shares of the company’s stock valued at $217,000 after acquiring an additional 1,684 shares during the last quarter. Creative Planning lifted its stake in shares of Twenty-First Century Fox by 4.1% in the 4th quarter. Creative Planning now owns 44,246 shares of the company’s stock valued at $1,528,000 after acquiring an additional 1,732 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Twenty-First Century Fox by 19.0% in the 3rd quarter. Private Advisor Group LLC now owns 11,355 shares of the company’s stock valued at $301,000 after acquiring an additional 1,813 shares during the last quarter. 54.26% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.18 per share. This represents a yield of 0.00503778337531486%. The ex-dividend date is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 16.82%.

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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.

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

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