More heavy lifting for 21st Century Fox Inc. Cl A (NASDAQ:FOXA)?


Twenty-First Century Fox, Inc. shares closed down 1.17% on Wednesday on significant volume traded after the company released its first quarter earnings ended March 31. The company posted 54 cents per share, excluding items, which was better than the 48 cents that analysts on average had looked for. Revenues at $7.56 billion were lower than the $7.63 billion that analysts expected, according to Thomson Reuters.

The EPS of $0.46 that 21st Century Fox Inc. Cl A (NASDAQ:FOXA) reported in the latest quarter came from sales of 7.68B%. Sales increased 4.20% from the prior quarter, while EPS increased 34.30% also from the prior quarter.

To generate 7.68B% in sales, the company invested $4.98B, with that being the cost of goods sold. Its gross margin for the quarter came to $2.7B after deducting the cost of goods sold from the sales figure.

Let?s look into the charts of the stock

The Barchart Technical Opinion rating is a 72% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

Can 21st Century Fox Inc. Cl A fund its operations in the foreseeable future? The company finished the latest quarter with cash balance of 4.53B%. It generated free cash flow of $179M in the quarter, with operating activities producing $243M in net cash flow.

Looking deeper into 21st Century Fox Inc. Cl A’s liquidity, you see that its current ratio exiting the most recent quarter was 2.30, which quick ratio for the same period was 1.80.

21st Century Fox Inc. Cl A concluded the quarter with debt totaling 80M%, implying that debt increased/decreased by falling from the past quarter.

That said, the company’s long-term debt/equity ratio and debt/equity ratios were at 1.38 and 1.39, respectively.

21st Century Fox Inc. Cl A?s total assets at the end of the latest quarter were $49.21B, while total liabilities were $33.07B.

Analysts on the average have a recommendation of 2.10 on the stock 21st Century Fox Inc. Cl A. In deciphering the analyst recommendation, investors should keep in mind that a recommendation of 1 signifies BUY, 3 indicates HOLD and 5 implies SELL.

As for the price target, analysts are expecting the stock to hit $34.55 by the end of the next 12 months. Considering the stock?s prevailing price of $28.52, you can see what analyst expect to happen to the price down the line.

To trade at the current price of $28.52, the stock has over the last 12 months traded in the range of a low of $22.97% and a high of $-12.52%.