Published: Wed, February 08, 2017
Markets | By Terence Owen

21st Century Fox beats earnings forecasts thanks to United States election boost

Wells Fargo analysts disclosed their opinion on Twenty-First Century Fox, Inc. The most recent short interest data show 0% of the company's stock are short sold.

Fox's report gave analyst Todd Juenger reason to expect "no sequential change or a fractional negative change in Disney's domestic affiliate fee growth rate". Yacktman Asset Management LP raised its stake in shares of Twenty-First Century Fox by 18.8% in the third quarter.

The New York-based company said it had profit of 46 cents per share. Expected growth of Twenty-First Century Fox, Inc. The insider owns 541,762 shares which have current market value of around $16827127.72.Mr. James R. Murdoch is another major inside shareholder in the company. Twenty-First Century Fox has a 52 week low of $22.65 and a 52 week high of $31.30. The firm has a 50-day moving average of $29.15 and a 200-day moving average of $26.85.

In the profitability analysis, net profit margin of the firm was recorded at 10.50% and operating profit margin was calculated at 15.60% while gross profit margin was measured as 37.60%. Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $N/A earnings per share. The stock dropped -0.84% beyond one week and climbed 8.40% during previous one month session.

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In case of Revenue Estimates, 23 analysts have provided their consensus Average Revenue Estimates for Twenty-First Century Fox, 7.72 Billion.

A number of analysts have commented on the stock. TheStreet upgraded shares of Twenty-First Century Fox from a "hold" rating to a "buy" rating in a research note on Monday, November 21st. "Outperform View" rating was revealed by 8 and "Underperform Signal" rating was issued by 0.

Twenty-First Century Fox Inc closed down -0.06 points or -0.19% at $31.4 with 75,20,514 shares getting traded on Friday. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at $871,660,000.

Finally, Needham & Company LLC reissued a "hold" rating on shares of Twenty-First Century Fox in a report on Tuesday, January 24th. The analyst recommendations from a month ago are 0 Buy, 1 Strong Buy, 0 Sell, 0 Hold and 0. He's rating Market Perform and has goosed his price target to $34 from $33, implying 11% upside. Given the persistent increase in competition for consumers' time, Pacific Crest continues to believe Fox's exposure to news and regional sports are advantageous relative to peers with greater exposure to general entertainment and national sports. The Company operates through segments: Cable Network Programming Television Filmed Entertainment and Other Corporate and Eliminations. The company has also shaken up its Fox News talent lineup in recent months after the departure of anchor Megyn Kelly, and signed a new programming deal with Comcast Corp. that restored the YES Network, a sports outlet, in some markets.

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