Twenty-First Century Fox (NASDAQ:FOXA) released its quarterly earnings data on Wednesday. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52, MarketWatch Earnings reports. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The business had revenue of $7.18 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 2.5% on a year-over-year basis.
Shares of NASDAQ FOXA traded up $0.35 during mid-day trading on Wednesday, hitting $47.51. 794,920 shares of the company’s stock traded hands, compared to its average volume of 10,258,846. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $86.22 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.81 and a beta of 1.21. Twenty-First Century Fox has a 1 year low of $27.29 and a 1 year high of $50.15.
FOXA has been the subject of several research reports. Buckingham Research dropped their price objective on shares of Twenty-First Century Fox to $52.00 and set a “buy” rating for the company in a report on Tuesday, August 7th. Jefferies Financial Group reissued a “buy” rating and set a $50.00 price objective on shares of Twenty-First Century Fox in a report on Friday, August 10th. ValuEngine downgraded shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Cowen reissued a “hold” rating and set a $49.00 price objective on shares of Twenty-First Century Fox in a report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.82.
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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