Seaport Res Ptn Has Bearish Estimate for FOX FY2026 Earnings

Fox Corporation (NASDAQ:FOXA - Free Report) - Investment analysts at Seaport Res Ptn dropped their FY2026 earnings estimates for FOX in a research note issued to investors on Tuesday, June 24th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $5.04 per share for the year, down from their prior forecast 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.

Several other analysts have also recently weighed in on FOXA. Barclays reissued an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reissued a "buy" rating and set a $62.00 target price (up previously from $60.00) on shares of FOX in a report on Wednesday. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Bank of America raised their price target on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Cowen reissued a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, FOX has an average rating of "Hold" and an average price target of $53.53.

FOX Trading Up 1.2%

Shares of NASDAQ:FOXA opened at $56.68 on Friday. FOX has a 12-month low of $33.82 and a 12-month high of $58.74. The business has a 50 day moving average of $53.17 and a 200-day moving average of $52.17. 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 stock has a market cap of $25.48 billion, a PE ratio of 14.10, a P/E/G ratio of 1.19 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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 company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. FOX's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS.

Institutional Investors Weigh In On FOX

Several hedge funds have recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC bought a new position in shares of FOX during the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its holdings in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the period. Hemington Wealth Management raised its position in FOX by 217.6% during the 1st quarter. Hemington Wealth Management now owns 524 shares of the company's stock worth $29,000 after purchasing an additional 359 shares during the last quarter. Jones Financial Companies Lllp raised its position in FOX by 61.5% during the 4th 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 lifted its holdings in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the sale, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.77% of the stock is currently owned by insiders.

About FOX

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.

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