FOX (FOXA) Expected to Post Earnings on Monday

Key Points

• FOX is expected to report earnings before the market opens Monday, November 2. Analysts project $2.02 in earnings per share and $4.32 billion in quarterly revenue.
• In its previous quarter, FOX exceeded expectations with $1.79 EPS versus the $1.44 consensus and $4.21 billion in revenue, up 28.1% year over year.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $78.12 price target, although several firms recently downgraded the stock to neutral or market perform.

FOX (NASDAQ:FOXA - Get Free Report) is anticipated to release its results before the market opens on Monday, November 2nd. Analysts expect the company to post earnings of $2.02 per share and revenue of $4.32 billion for the quarter.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%. The firm's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. On average, analysts expect FOX to post $6.06 EPS for the current fiscal year and $5.94 EPS for the next fiscal year.

FOX Stock Performance

FOXA stock opened at $66.60 on Monday. FOX has a 1-year low of $48.34 and a 1-year high of $76.39. The company has a current ratio of 3.17, a quick ratio of 2.99 and a debt-to-equity ratio of 0.56. The firm has a market cap of $27.95 billion, a PE ratio of 17.39, a P/E/G ratio of 1.16 and a beta of 0.60. The business's 50-day moving average price is $65.46 and its two-hundred day moving average price is $62.23.

FOX Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a dividend yield of 86.0%. FOX's dividend payout ratio (DPR) is currently 15.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. KeyCorp cut FOX to a "sector weight" rating in a report on Friday, October 16th. Wells Fargo & Company upgraded FOX from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $65.00 to $80.00 in a research report on Friday, August 14th. Guggenheim reissued a "buy" rating and set a $85.00 target price on shares of FOX in a research note on Wednesday, September 23rd. Oppenheimer cut FOX to a "market perform" rating in a research note on Friday, October 16th. Finally, Seaport Research Partners downgraded shares of FOX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.12.

Insider Transactions at FOX

In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $68.53 per share, with a total value of $10,274,977.02. Following the transaction, the chief executive officer directly owned 1,401,713 shares of the company's stock, valued at $96,059,391.89. This represents a 11.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.89% of the company's stock.

FOX Company Profile

Fox Corporation NASDAQ: FOXA is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.

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