KeyCorp Weighs in on Twenty-First Century Fox Inc’s Q2 2018 Earnings (FOXA)
Twenty-First Century Fox Inc (NASDAQ:FOXA) – KeyCorp reduced their Q2 2018 EPS estimates for shares of Twenty-First Century Fox in a research note issued on Wednesday. KeyCorp analyst A. Hargreaves now expects that the company will earn $0.35 per share for the quarter, down from their prior estimate of $0.50. KeyCorp has a “Buy” rating and a $35.00 price objective on the stock.
A number of other equities analysts also recently commented on the company. B. Riley upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $46.00 in a report on Tuesday, January 16th. Pivotal Research downgraded Twenty-First Century Fox from a “buy” rating to a “hold” rating and increased their price objective for the stock from $37.00 to $38.00 in a report on Tuesday, January 9th. Wells Fargo & Co upgraded Twenty-First Century Fox to a “market weight” rating in a report on Thursday, January 4th. Royal Bank of Canada increased their price objective on Twenty-First Century Fox to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Cowen restated a “hold” rating and issued a $39.00 price objective on shares of Twenty-First Century Fox in a report on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus target price of $36.36.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 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 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS.
A number of hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in shares of Twenty-First Century Fox by 372.0% in the fourth quarter. State of Alaska Department of Revenue now owns 106,373 shares of the company’s stock valued at $3,671,000 after acquiring an additional 83,838 shares during the period. Heritage Way Advisors LLC boosted its position in shares of Twenty-First Century Fox by 101.2% in the fourth quarter. Heritage Way Advisors LLC now owns 138,400 shares of the company’s stock valued at $4,779,000 after acquiring an additional 69,625 shares during the period. Oakbrook Investments LLC bought a new stake in shares of Twenty-First Century Fox in the fourth quarter valued at approximately $1,892,000. Fox Run Management L.L.C. bought a new stake in shares of Twenty-First Century Fox in the fourth quarter valued at approximately $739,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Twenty-First Century Fox in the fourth quarter valued at approximately $234,000. Institutional investors own 54.40% of the company’s stock.
Twenty-First Century Fox Company Profile
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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