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

Fox Corporation (NASDAQ:FOX - Free Report) - Investment analysts at Seaport Res Ptn decreased their FY2026 earnings per share (EPS) estimates for FOX in a research note issued to investors on Tuesday, June 24th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $5.04 per share for the year, down from their previous forecast of $5.31. The consensus estimate for FOX's current full-year earnings is $4.25 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 Trading Up 1.6%

NASDAQ FOX opened at $52.21 on Friday. The stock has a market cap of $23.47 billion, a PE ratio of 12.99, a PEG ratio of 1.12 and a beta of 0.56. FOX has a 12 month low of $31.55 and a 12 month high of $55.00. The company's 50-day moving average price is $49.04 and its 200-day moving average price is $48.65. 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 (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. 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 $4.19 billion.

Hedge Funds Weigh In On FOX

Several institutional investors have recently made changes to their positions in FOX. Federated Hermes Inc. increased its position in FOX by 66.2% during the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc boosted its stake in shares of FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after purchasing an additional 572 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of FOX by 183.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock valued at $42,000 after purchasing an additional 518 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares during the period. Finally, Principal Securities Inc. raised its stake in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.06% of the stock is owned by corporate 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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