FOX (NASDAQ:FOX) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

FOX (NASDAQ:FOX - Get Free Report) posted its earnings results on Monday. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.14, Zacks reports. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%.

FOX Stock Up 1.5%

FOX stock traded up $0.77 during midday trading on Thursday, reaching $51.31. The stock had a trading volume of 1,436,425 shares, compared to its average volume of 1,261,824. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm's fifty day simple moving average is $47.53 and its 200-day simple moving average is $46.95. The stock has a market capitalization of $23.27 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. FOX has a 1-year low of $30.10 and a 1-year high of $55.00.

Insider Buying and Selling

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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

FOX Company Profile

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.