Seaport Research Partners Reaffirms "Neutral" Rating for FOX (NASDAQ:FOX)

Key Points

• Seaport Research Partners reaffirmed its “Neutral” rating on FOX. Overall analyst sentiment remains a “Moderate Buy,” with an average price target of $74.33.
• FOX beat quarterly expectations, reporting $1.79 in EPS versus the $1.44 consensus and $4.21 billion in revenue versus $3.64 billion expected. Advertising revenue benefited significantly from FIFA World Cup coverage, while adjusted EBITDA rose 27% to $1.20 billion.
• Shareholder returns and digital growth remain positives, with a $0.29 semiannual dividend, $3.4 billion remaining in buyback authorization, and continued momentum at Tubi and FOX One. However, insider selling and lower full-year net income are potential concerns.

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

A number of other equities analysts have also weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of FOX in a research report on Friday, July 17th. Rothschild & Co Redburn set a $71.00 price objective on FOX in a report on Friday, July 10th. Zacks Research upgraded FOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of FOX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.33.

FOX Trading Up 6.1%

Shares of FOX stock opened at $55.37 on Friday. The company has a market cap of $23.27 billion, a P/E ratio of 14.61, a PEG ratio of 1.49 and a beta of 0.57. FOX has a fifty-two week low of $44.08 and a fifty-two week high of $68.18. The stock has a 50 day simple moving average of $51.64 and a two-hundred day simple moving average of $54.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.35. FOX had a net margin of 10.56% and a return on equity of 18.90%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $3.64 billion. Research analysts forecast that FOX will post 4.78 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its stake in FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company's stock valued at $35,000 after acquiring an additional 475 shares during the period. Versant Capital Management Inc boosted its position in FOX by 42.3% during the second quarter. Versant Capital Management Inc now owns 844 shares of the company's stock worth $40,000 after purchasing an additional 251 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of FOX by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company's stock worth $76,000 after purchasing an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of FOX by 130.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company's stock worth $119,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of FOX by 143.9% in the first quarter. Glenmede Trust Co. NA now owns 2,697 shares of the company's stock valued at $143,000 after purchasing an additional 1,591 shares during the period. Institutional investors own 26.41% of the company's stock.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fourth-quarter results beat expectations. FOX reported $1.79 in adjusted EPS versus the $1.44 consensus estimate, while revenue reached $4.21 billion compared with expectations of $3.64 billion. Adjusted EBITDA increased 27% to $1.20 billion. Fox earnings report
• Positive Sentiment: World Cup advertising provided a major boost. Quarterly revenue rose 28% year over year, while advertising revenue jumped 78%, led by broadcasts of the FIFA Men’s World Cup and digital growth. Television revenue increased 45%, and television-segment EBITDA more than doubled. Fox advertising and Tubi World Cup article
• Positive Sentiment: Shareholder returns remain supportive. FOX declared a semi-annual dividend of $0.29 per share, payable September 23 to shareholders of record September 2, and had $3.4 billion remaining under its share-repurchase authorization. FOX fiscal 2026 results release
• Neutral Sentiment: Longer-term growth initiatives remain in focus. FOX highlighted Tubi’s digital momentum and the launch of FOX One. Full-year fiscal 2026 revenue rose 5% to $17.13 billion, although net income declined to $1.73 billion from $2.29 billion a year earlier.
• Neutral Sentiment: NFL rights costs are not expected to change immediately. CEO Lachlan Murdoch said FOX does not plan to renegotiate its NFL media-rights agreement before the league’s current deal expires or reaches its potential opt-out period near 2030. Fox NFL rights article
• Negative Sentiment: Insider selling may temper sentiment. Recent data showed substantially more FOX insider sales than purchases, including sales by senior executives, though these transactions may reflect personal or compensation-related decisions rather than a view on fundamentals.

FOX Company Profile

Fox Corporation NASDAQ: FOX is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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