FOX (NASDAQ:FOXA) Releases Earnings Results, Beats Expectations By $0.35 EPS

Key Points

• FOX beat quarterly expectations: The company reported EPS of $1.79 versus the $1.44 consensus and revenue of $4.21 billion versus expectations of $3.64 billion. Revenue increased 28.1% year over year, while EPS rose from $1.27 in the prior-year period.
• Shares gained 3.6% following the results, trading around $64.03. Analysts maintained a generally cautious outlook, with eight Buy, nine Hold and one Sell rating and an average price target of $73.56.
• FOX declared a $0.29-per-share dividend payable September 23 to shareholders of record September 2. Institutional investors own approximately 52.5% of the company.

FOX (NASDAQ:FOXA - Get Free Report) issued its earnings results on Thursday. The company reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.35, Briefing.com reports. The business had revenue of $4.21 billion during the quarter, compared to analysts' expectations of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. The company's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share.

FOX Trading Up 3.6%

Shares of FOXA stock traded up $2.24 during trading on Friday, hitting $64.03. 6,692,737 shares of the stock traded hands, compared to its average volume of 4,495,390. The firm has a market capitalization of $26.90 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.65. The firm's fifty day moving average price is $57.49 and its 200-day moving average price is $60.70. FOX has a 52-week low of $48.34 and a 52-week high of $76.39.

FOX Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, September 2nd. This represents a dividend yield of 94.0%. FOX's dividend payout ratio (DPR) is currently 14.78%.

Analyst Ratings Changes

Several analysts recently issued reports on FOXA shares. Wells Fargo & Company dropped their price objective on shares of FOX from $71.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, July 6th. Seaport Research Partners restated a "neutral" rating on shares of FOX in a research report on Friday. Evercore set a $73.00 price objective on FOX in a research report on Tuesday, May 12th. Barclays lowered their price objective on FOX from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, June 15th. Finally, Rothschild & Co Redburn set a $71.00 target price on FOX and gave the company a "buy" rating in a report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, FOX has an average rating of "Hold" and an average price target of $73.56.

Institutional Investors Weigh In On FOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXA. Ameriprise Financial Inc. grew its holdings in shares of FOX by 72.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company's stock worth $101,948,000 after purchasing an additional 762,645 shares during the period. California State Teachers Retirement System lifted its position in FOX by 11.5% in the fourth quarter. California State Teachers Retirement System now owns 417,901 shares of the company's stock valued at $30,536,000 after buying an additional 43,232 shares during the last quarter. Lazard Asset Management LLC boosted its stake in FOX by 624.5% during the second quarter. Lazard Asset Management LLC now owns 281,126 shares of the company's stock worth $15,753,000 after buying an additional 242,321 shares during the period. Marshall Wace LLP increased its position in shares of FOX by 20.1% during the third quarter. Marshall Wace LLP now owns 276,831 shares of the company's stock valued at $17,457,000 after acquiring an additional 46,261 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of FOX by 1.3% in the 4th quarter. New York State Common Retirement Fund now owns 128,984 shares of the company's stock valued at $9,425,000 after acquiring an additional 1,644 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly results exceeded expectations. Fox reported fiscal Q4 revenue of $4.21 billion, up 28.1% year over year and above the $3.64 billion consensus estimate. Adjusted EPS was $1.79, beating estimates ranging from $1.34 to $1.44 and increasing from $1.27 a year earlier. Fox fiscal 2026 results
• Positive Sentiment: World Cup significantly boosted advertising. FIFA Men’s World Cup coverage helped drive a 78% increase in advertising revenue, while total revenue, net income and adjusted EBITDA reached $4.21 billion, $696 million and $1.20 billion, respectively. Management’s commentary also supports optimism for fiscal 2027. Fox advertising and Tubi World Cup growth
• Positive Sentiment: Tubi and sports rights provide operating support. World Cup audiences and tournament content helped Fox’s free, ad-supported Tubi platform, while Fox expects to retain its NFL media rights agreement through 2029. This strengthens the company’s premium live-sports and advertising positioning. Fox NFL rights through 2029
• Positive Sentiment: Fox declared a $0.29-per-share dividend. Shareholders of record on September 2 are scheduled to receive payment on September 23, providing an additional shareholder return.
• Neutral Sentiment: Roku’s pending acquisition adds both opportunity and uncertainty. Roku reported quarterly results but provided no financial outlook because Fox has agreed to acquire the streaming company. The transaction could expand Fox’s streaming reach, but investors may remain focused on integration and deal-execution risks. Roku second-quarter results
• Negative Sentiment: Zacks Research downgraded FOXA from “strong buy” to “hold.” The call may limit some near-term upside, although it was outweighed by the company’s earnings and revenue beats.

FOX Company Profile

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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