FOX (FOXA) Expected to Post Earnings on Monday

FOX (NASDAQ:FOXA) will likely be issuing its results before the market opens on Monday, November 2nd. Analysts expect the company to post earnings of $2.02 per share and revenue of $4.32 billion for the quarter.

FOX (NASDAQ:FOXA) last released its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the company earned $1.27 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts expect FOX to post $6.06 EPS for the current fiscal year and $5.94 EPS for the next fiscal year.

FOX Price Performance

FOX stock opened at $63.24 on Friday. FOX has a 1 year low of $48.34 and a 1 year high of $76.39. The firm has a 50 day moving average price of $65.09 and a 200 day moving average price of $62.32. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17.

FOX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were issued a $0.29 dividend. This represents a dividend yield of 86.0%. The ex-dividend date was Wednesday, September 2nd. FOX’s dividend payout ratio (DPR) is 15.14%.

Insiders Place Their Bets

In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $68.53 per share, with a total value of $10,274,977.02. Following the transaction, the chief executive officer owned 1,401,713 shares in the company, valued at approximately $96,059,391.89. This trade represents a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FOXA shares. Fox Advisors set a $85.00 price objective on shares of FOX in a research note on Friday, October 16th. KeyCorp lowered FOX to a “sector weight” rating in a research report on Friday, October 16th. Citigroup began coverage on FOX in a report on Monday, September 14th. They issued an “outperform” rating on the stock. Raymond James Financial upgraded FOX to a “strong-buy” rating in a report on Friday, October 16th. Finally, Weiss Ratings upgraded FOX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.94.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.