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These Factors Are Affecting 21st Century Fox’s Stock Price


Apr. 24 2017, Published 3:13 p.m. ET

Rise in 21st Century Fox’s stock price

On April 21, 2017, 21st Century Fox’s (FOXA) stock closed at $30.70. The company’s stock has risen 9.5% YTD (year-to-date). Time Warner (TWX) also saw its stock price rise 3.4%. Comcast (CMCSA) and the Walt Disney Company (DIS) have seen their stock prices rise 10.5% and 9.8%, respectively, YTD.

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Factors driving 21st Century Fox’s stock

21st Century Fox’s cable networks continue to have high program ratings with its Fox News channel. The company’s sports programming also continues to be popular. Fox stated during its fiscal 2Q17 earnings call that its broadcast of the Super Bowl had helped it reach revenues of $0.5 billion, which will be reflected in fiscal 3Q17.

The company has also announced that it intends to consolidate Sky, a popular pay-TV operator in Europe. We’ll discuss this development in detail in a later part of this series.

In fiscal 2Q17, 21st Century Fox had revenues of $7.7 billion, up by 4% year-over-year with total EBITDA (earnings before interest, taxes, depreciation, and amortization) of $1.9 billion, up 15% year-over-year.

Series snapshot

In this series, we’ll take a closer look at 21st Century Fox’s strategic business priorities for 2017. First, let’s see how analysts are rating 21st Century Fox.

21st Century Fox makes up 0.2% of the SPDR S&P 500 ETF (SPY). SPY has an exposure of 4.1% to the computers sector.


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