FOX (NASDAQ:FOXA) Given "Neutral" Rating at Seaport Research Partners

Key Points

• Seaport Research Partners reaffirmed a “neutral” rating on FOXA, while analysts’ consensus remains “Hold” with an average price target of $73.56.
• FOX reported a strong quarter, with earnings of $1.79 per share versus the $1.44 estimate and revenue of $4.21 billion versus $3.64 billion expected; revenue increased 28.1% year over year.
• FOXA shares opened at $61.77 after rising 5.3%, and institutional investors own 52.52% of the company’s stock.

FOX (NASDAQ:FOXA - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at Seaport Research Partners in a report issued on Friday, Marketbeat reports.

A number of other research analysts have also commented on FOXA. Evercore set a $73.00 price target on shares of FOX in a research note on Tuesday, May 12th. Rothschild & Co Redburn set a $71.00 price objective on FOX and gave the stock a "buy" rating in a report on Friday, July 10th. UBS Group reaffirmed a "neutral" rating on shares of FOX in a research report on Monday, June 15th. Wolfe Research raised FOX from a "peer perform" rating to an "outperform" rating and set a $71.00 target price on the stock in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company lowered their target price on FOX from $71.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $73.56.

FOX Trading Up 5.3%

FOXA stock opened at $61.77 on Friday. FOX has a one year low of $48.34 and a one year high of $76.39. The stock has a market cap of $25.96 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.54. The company has a fifty day moving average price of $57.48 and a two-hundred day moving average price of $60.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.64 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. The company's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. Equities analysts anticipate that FOX will post 4.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB raised its stake in FOX by 85.3% in the fourth quarter. Handelsbanken Fonder AB now owns 88,009 shares of the company's stock valued at $6,431,000 after purchasing an additional 40,515 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in FOX by 9.9% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 287,000 shares of the company's stock valued at $16,755,000 after buying an additional 25,900 shares during the period. Geode Capital Management LLC increased its holdings in FOX by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,534,627 shares of the company's stock valued at $476,248,000 after buying an additional 29,923 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of FOX in the 4th quarter valued at approximately $67,467,000. Finally, Strs Ohio raised its position in shares of FOX by 7.6% in the 4th quarter. Strs Ohio now owns 332,444 shares of the company's stock valued at $24,292,000 after buying an additional 23,475 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly results exceeded expectations. FOXA reported $1.79 in adjusted EPS versus the $1.44 analyst consensus and revenue of $4.21 billion versus expectations of $3.64 billion. Revenue increased 28.1% year over year, while full-year revenue reached $17.13 billion and adjusted EBITDA totaled $3.91 billion. FOX fiscal 2026 results
• Positive Sentiment: World Cup exposure drove advertising growth. FIFA World Cup broadcasts helped lift advertising revenue 78%, while the event also increased audiences and engagement for FOX’s Tubi streaming service. Distribution revenue rose 5%, supported by cable-network growth. FOX advertising and Tubi growth
• Positive Sentiment: FOX declared a $0.29-per-share dividend, payable September 23 to shareholders of record September 2. The payout provides continued shareholder returns, although investors should verify the reported dividend-yield figure, which appears inconsistent with the per-share payment.
• Neutral Sentiment: NFL rights remain relatively predictable. CEO Lachlan Murdoch said FOX will not renegotiate its current NFL media-rights agreement before the league’s potential opt-out period near 2030, limiting near-term cost uncertainty but leaving longer-term rights economics unresolved. FOX NFL rights plans
• Neutral Sentiment: Roku reported second-quarter results while its acquisition by FOXA remains pending. Roku did not provide financial guidance or hold an earnings call because of the transaction, limiting visibility into the streaming company’s standalone outlook. Roku second-quarter results
• Negative Sentiment: Zacks Research downgraded FOXA from “strong buy” to “hold,” potentially tempering investor enthusiasm after the earnings-driven advance.

About FOX

Fox Corporation NASDAQ: FOXA is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp's operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.

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