Seaport Res Ptn Has Bearish Estimate for FOX FY2025 Earnings

Fox Corporation (NASDAQ:FOXA - Free Report) - Investment analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for shares of FOX in a report issued on Tuesday, June 24th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $4.62 per share for the year, down from their previous forecast of $4.64. The consensus estimate for FOX's current full-year earnings is $4.38 per share. Seaport Res Ptn also issued estimates for FOX's Q4 2025 earnings at $1.12 EPS.

A number of other equities analysts also recently issued reports on FOXA. Guggenheim raised their price objective on shares of FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Bank of America upped their price objective on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley raised their target price on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, UBS Group boosted their price target on FOX from $63.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.53.

FOX Trading Up 0.2%

FOX stock opened at $55.99 on Thursday. FOX has a 52-week low of $33.82 and a 52-week high of $58.74. The company has a market cap of $25.17 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.18 and a beta of 0.51. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $52.99 and a two-hundred day simple moving average of $52.10.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 17.99% and a net margin of 11.58%. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. FOX's revenue for the quarter was up 26.8% compared to the same quarter last year.

Institutional Investors Weigh In On FOX

Several large investors have recently added to or reduced their stakes in the stock. Greenleaf Trust boosted its holdings in shares of FOX by 3.1% in the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock worth $384,000 after purchasing an additional 205 shares during the period. DnB Asset Management AS raised its holdings in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after buying an additional 245 shares during the period. Jones Financial Companies Lllp lifted its position in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Finally, Allworth Financial LP boosted its stake in FOX by 55.2% during the first quarter. Allworth Financial LP now owns 787 shares of the company's stock worth $45,000 after buying an additional 280 shares during the period. 52.52% of the stock is owned by institutional investors.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the transaction, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 21.77% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.