What is Seaport Res Ptn's Estimate for FOX FY2026 Earnings?

Fox Corporation (NASDAQ:FOXA - Free Report) - Stock analysts at Seaport Res Ptn decreased their FY2026 earnings estimates for FOX in a research report issued to clients and investors on Tuesday, June 24th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $5.04 for the year, down from their previous estimate of $5.31. The consensus estimate for FOX's current full-year earnings is $4.38 per share. Seaport Res Ptn also issued estimates for FOX's FY2027 earnings at $5.26 EPS, FY2028 earnings at $5.55 EPS and FY2029 earnings at $4.55 EPS.

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

Other equities analysts have also recently issued reports about the company. Cowen restated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. UBS Group set a $65.00 price target on shares of FOX and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company upped their price objective on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Guggenheim restated a "buy" rating and issued a $62.00 target price (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and a consensus price target of $53.53.

FOX Trading Down 1.3%

NASDAQ FOXA traded down $0.74 during trading hours on Friday, hitting $56.05. 2,529,686 shares of the company's stock were exchanged, compared to its average volume of 3,579,702. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.20 and a beta of 0.51. The stock has a 50-day simple moving average of $53.34 and a 200 day simple moving average of $52.32. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. FOX has a 1-year low of $33.84 and a 1-year high of $59.46.

Insider Activity

In related news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in FOX during the fourth quarter valued at $26,000. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of FOX by 217.6% during the first quarter. Hemington Wealth Management now owns 524 shares of the company's stock worth $29,000 after purchasing an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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.