Jefferies Group Equities Analysts Boost Earnings Estimates for Twenty-First Century Fox Inc (FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) – Stock analysts at Jefferies Group boosted their FY2017 earnings estimates for Twenty-First Century Fox in a research note issued on Monday, Zacks Investment Research reports. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $1.92 for the year, up from their previous estimate of $1.91. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.72 billion. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share.

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

FOXA has been the topic of several other reports. Credit Suisse Group AG restated an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of Twenty-First Century Fox in a report on Tuesday, January 10th. Pivotal Research restated a “buy” rating and set a $36.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, February 7th. Guggenheim restated a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Twenty-First Century Fox in a report on Friday, April 14th. Needham & Company LLC restated a “hold” rating on shares of Twenty-First Century Fox in a report on Tuesday, February 7th. Finally, Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.59.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 29.04 on Wednesday. The company has a 50 day moving average price of $30.97 and a 200 day moving average price of $29.34. The stock has a market capitalization of $53.75 billion, a price-to-earnings ratio of 17.70 and a beta of 1.31. Twenty-First Century Fox has a 12 month low of $23.33 and a 12 month high of $32.60.

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 13th. This represents a dividend yield of 1.18%. This is a positive change from Twenty-First Century Fox’s previous semiannual dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is currently 21.95%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dodge & Cox bought a new position in shares of Twenty-First Century Fox during the fourth quarter worth approximately $1,932,490,000. Capital Research Global Investors raised its position in shares of Twenty-First Century Fox by 8.4% in the third quarter. Capital Research Global Investors now owns 57,390,778 shares of the company’s stock worth $1,390,005,000 after buying an additional 4,436,459 shares in the last quarter. Yacktman Asset Management LP raised its position in shares of Twenty-First Century Fox by 18.8% in the third quarter. Yacktman Asset Management LP now owns 47,597,094 shares of the company’s stock worth $1,152,802,000 after buying an additional 7,533,408 shares in the last quarter. State Street Corp raised its position in shares of Twenty-First Century Fox by 1.0% in the fourth quarter. State Street Corp now owns 44,749,259 shares of the company’s stock worth $1,254,767,000 after buying an additional 458,045 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Twenty-First Century Fox during the fourth quarter worth approximately $871,660,000. 54.50% of the stock is owned by institutional investors and hedge funds.

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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