Twenty-First Century Fox (FOXA) Issues Quarterly Earnings Results

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Twenty-First Century Fox (NASDAQ:FOXA) issued its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52, MarketWatch Earnings reports. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The company had revenue of $7.18 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.

Twenty-First Century Fox stock traded down $0.02 during mid-day trading on Wednesday, reaching $47.14. 465,297 shares of the company were exchanged, compared to its average volume of 10,258,846. The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89. The firm has a market cap of $86.22 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.81 and a beta of 1.21. Twenty-First Century Fox has a 12-month low of $27.29 and a 12-month high of $50.15.

Several equities research analysts have weighed in on FOXA shares. Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Credit Suisse Group assumed coverage on Twenty-First Century Fox in a research note on Tuesday, July 10th. They set an “overweight” rating and a $57.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 target price on shares of Twenty-First Century Fox in a research note on Monday, October 15th. Cowen reaffirmed a “hold” rating and set a $48.00 target price on shares of Twenty-First Century Fox in a research note on Wednesday, August 1st. Finally, Macquarie upped their target price on Twenty-First Century Fox from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.82.

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About Twenty-First Century Fox

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 for Twenty-First Century Fox (NASDAQ:FOXA)

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