FOX (FOXA) Projected to Post Quarterly Earnings on Monday

FOX (NASDAQ:FOXA - Get Free Report) is expected to be announcing its earnings results before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $4.14 billion for the quarter.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Trading Up 2.6 %

NASDAQ FOXA traded up $1.27 during trading on Wednesday, hitting $50.81. 4,209,251 shares of the company's stock traded hands, compared to its average volume of 3,417,741. The firm has a market cap of $23.04 billion, a P/E ratio of 10.88, a PEG ratio of 1.27 and a beta of 0.51. The stock has a fifty day moving average of $51.60 and a two-hundred day moving average of $49.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. FOX has a 12-month low of $31.71 and a 12-month high of $58.74.

Analyst Ratings Changes

FOXA has been the subject of several analyst reports. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and increased their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on shares of FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research report on Monday, April 7th. Barclays cut their price objective on FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley upped their price target on FOX from $55.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $51.65.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 21.77% of the company's stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.