FOX (FOXA) to Release Quarterly Earnings on Wednesday

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FOX (NASDAQ:FOXA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.12. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts expect FOX to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ FOXA opened at $36.05 on Tuesday. FOX has a one year low of $33.78 and a one year high of $41.95. The firm has a 50 day simple moving average of $36.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.77 and a current ratio of 4.60.

FOXA has been the topic of several research reports. Credit Suisse Group cut their price target on shares of FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Guggenheim lowered shares of FOX from a “buy” rating to a “neutral” rating and cut their price target for the company from $43.00 to $38.00 in a report on Monday, July 1st. Barclays restated a “hold” rating and issued a $38.00 price target on shares of FOX in a report on Friday, July 12th. BMO Capital Markets initiated coverage on shares of FOX in a report on Wednesday, April 10th. They issued a “market perform” rating and a $37.00 price target on the stock. Finally, Citigroup initiated coverage on shares of FOX in a report on Tuesday, April 9th. They issued a “neutral” rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.09.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

Earnings History for FOX (NASDAQ:FOXA)

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