21st Century Posts Big Q2 Profits, Tops Sales Estimates

21st Century Posts Big Q2 Profits, Tops Sales Estimates

21st Century Posts Big Q2 Profits, Tops Sales Estimates

A total of 11.83 Billion shares exchanged at hands and its average trading volume is standing at 13.47 Million shares. Pivotal Research lifted their price objective on Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a buy rating in a research report on Thursday, December 14th.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 8th.

For the current quarter, 21 analysts are projecting a mean EPS of $0.38/share.

Beat revenue estimates. The company saw revenue figures of $8.04 billion, topping our consensus estimate of $7.97 billion. Since Twenty-First Century Fox's return covers its cost in excess of 9.38%, its use of equity capital is efficient and likely to be sustainable. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Over the course of a year, the highest point for this stock was at $77.64 while the lowest price during that same timeframe was $54.29. Loop Capital cut Twenty-First Century Fox from a hold rating to a sell rating and set a $31.00 price objective for the company.in a research report on Thursday, December 21st. Atlantic Securities upgraded Twenty-First Century Fox from a "neutral" rating to an "overweight" rating in a report on Monday, January 22nd. Twenty-First Century Fox has a consensus rating of "Buy" and an average target price of $34.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The company P/S (price to Sales) ratio is 2.36, P/B (price to Book) ratio is 4.18, while its P/C (price to Cash) ratio stands at 9.92. But it said lower results were due to weak political revenues at the TV stations versus the high revenues of the presidential election period the year before, and declining revenue results, stemming from lower ratings, of its two major sports TV franchises: the National Football League and Major League Baseball's World Series.

A number of other hedge funds have also recently modified their holdings of FOXA. Insiders own 39.40% of the company's stock. Twenty-First Century Fox Inc had 99 analyst reports since August 6, 2015 according to SRatingsIntel. Brandes Investment Partners Lp bought 18,063 shares as the company's stock declined 10.68% while stock markets rallied.

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Twenty-First Century Fox, Inc. has been given an analysts' mean target of 40.58. We all know that when it comes to solving the questions posed by the stock market, there are no simple answers, especially when those questions involve uncertain investing climate.

Rr Advisors Llc, which manages about $1.13B and $736.50M US Long portfolio, upped its stake in Viper Energy Partners Lp (NASDAQ:VNOM) by 65,000 shares to 657,000 shares, valued at $12.23 million in 2017Q3, according to the filing. A 4 analysts rate it as either a buy or a strong buy, while 3 believe that investors should either steer clear of (NYSE:GE) or, if they already own its stock, sell it. Capital Research Global Investors grew its position in shares of Twenty-First Century Fox by 20.2% during the 2nd quarter.

General Electric Company (GE) pulled off a 2.41 percent gain and now trades for $15.27.

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Rupert Murdoch and his son Lachlan, who share the title of executive chairman, welcomed "solid top-line revenue growth" at the group, which includes the Fox studios in Hollywood, the Fox broadcast and cable operations, and other film and television operations.

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