NASDAQ:FOXAFOX Stock Price, Forecast & News

$30.53

-0.24 (-0.78 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$30.08

Now: $30.53▼

$31.05

50-Day Range

$24.77

MA: $26.77▼

$30.77

52-Week Range

$19.81

Now: $30.53▼

$39.74

Volume3.67 million shs

Average Volume4.85 million shs

Market Capitalization$18.43 billion

P/E Ratio14.27

Dividend Yield1.49%

Beta1.47

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It operates FOX News, a national cable news channel; FOX Business, a business news national cable channel; FS1 and FS2 multi-sport national networks; and Big Ten Network. The Television segment acquires, produces, markets, and distributes broadcast network programming. It operates The FOX Network, a national television broadcast network that broadcasts sports programming and entertainment. This segment owns and operates 28 broadcast television stations. The Other, Corporate and Eliminations segment owns the FOX Studios lot that provides production services, including 15 sound stages, 4 scoring and mixing stages, 2 broadcast studios, theaters, editing bays, and other production facilities in Los Angeles, California. The company was founded in 2018 and is based in New York, New York. Fox Corporation operates independently of Twenty-First Century Fox, Inc. as of March 19, 2019.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
FOX has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 8 buy ratings, 9 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.26, FOX has a potential upside of 2.4% from its current price of $30.53.
Amount of Analyst Coverage
FOX has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
FOX has received 927 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
FOX has received 549 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
FOX has received 62.80% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about FOX and other stocks. Vote “Outperform” if you believe FOXA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FOXA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
FOX is a leading dividend payer. It pays a dividend yield of 1.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
FOX has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of FOX is 17.49 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, FOX will have a dividend payout ratio of 20.18 % next year. This indicates that FOX will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FOX insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 17.45% of the stock of FOX is held by insiders.
Percentage Held by Institutions
56.65% of the stock of FOX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for FOX are expected to decrease by -4.60% in the coming year, from $2.39 to $2.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FOX is 14.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of FOX is 14.27, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 28.59.
Price to Book Value per Share Ratio
FOX has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.16 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Television broadcasting stations

Sub-IndustryN/A

SectorConsumer Discretionary

Current SymbolNASDAQ:FOXA

Previous SymbolNASDAQ:FOXAV

CUSIPN/A

CIK1308161

Webwww.foxcorporation.com

Phone212-852-7000

Debt

Debt-to-Equity Ratio0.67

Current Ratio3.79

Quick Ratio3.24

Price-To-Earnings

Trailing P/E Ratio14.27

Forward P/E Ratio12.77

P/E GrowthN/A

Sales & Book Value

Annual Sales$11.39 billion

Price / Sales1.62

Cash Flow$3.16 per share

Price / Cash Flow9.65

Book Value$16.05 per share

Price / Book1.90

Profitability

EPS (Most Recent Fiscal Year)$2.63

Net Income$1.60 billion

Net Margins10.74%

Return on Equity15.13%

Return on Assets7.64%

Miscellaneous

Employees22,400

Outstanding Shares603,720,000

Market Cap$18.43 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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FOX (NASDAQ:FOXA) Frequently Asked Questions

How has FOX's stock been impacted by COVID-19 (Coronavirus)?

FOX's stock was trading at $27.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FOXA shares have increased by 9.9% and is now trading at $30.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of FOX?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FOX in the last year. There are currently 3 sell ratings, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for FOX.

When is FOX's next earnings date?

FOX is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for FOX.

How were FOX's earnings last quarter?

Fox Corp (NASDAQ:FOXA) released its quarterly earnings data on Wednesday, May, 6th. The company reported $0.93 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.23. The firm earned $3.44 billion during the quarter, compared to the consensus estimate of $3.32 billion. FOX had a net margin of 10.74% and a return on equity of 15.13%. The company's revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. View FOX's earnings history.

How often does FOX pay dividends? What is the dividend yield for FOX?

FOX declared a Semi-Annual dividend on Wednesday, February 5th. Investors of record on Wednesday, March 4th will be given a dividend of $0.23 per share on Wednesday, April 1st. This represents a dividend yield of 1.2%. The ex-dividend date is Tuesday, March 3rd. View FOX's dividend history.

What price target have analysts set for FOXA?

20 analysts have issued 12-month price objectives for FOX's stock. Their forecasts range from $21.00 to $46.00. On average, they anticipate FOX's share price to reach $31.26 in the next year. This suggests a possible upside of 2.4% from the stock's current price. View analysts' price targets for FOX.

Has FOX been receiving favorable news coverage?

Headlines about FOXA stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. FOX earned a news impact score of -2.6 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutFOX.

Are investors shorting FOX?

FOX saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,700,000 shares, an increase of 8.1% from the April 30th total of 17,300,000 shares. Based on an average daily volume of 5,120,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 5.5% of the company's stock are sold short. View FOX's Current Options Chain.

Who are some of FOX's key competitors?

Some companies that are related to FOX include FOX (FOX), ViacomCBS (VIAC), Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), CBS (CBS.A), Nexstar Media Group (NXST), Grupo Televisa SAB (TV), PROSIEBENSAT 1/ADR (PBSFY), TEGNA (TGNA), Sinclair Broadcast Group (SBGI), Gray Television (GTN), Gray Television (GTN.A), Television Francaise 1 (TVFCF) and Central European Media Enterprises (CETV). View all competitors.

What other stocks do shareholders of FOX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FOX investors own include Walt Disney (DIS), Netflix (NFLX), AT&T (T), Comcast (CMCSA), Intel (INTC), Cisco Systems (CSCO), General Electric (GE), Gilead Sciences (GILD), NVIDIA (NVDA) and JPMorgan Chase & Co. (JPM).

Who are FOX's key executives?

FOX's management team includes the following people:

Mr. Lachlan Keith Murdoch, Chairman & CEO (Age 48)
Mr. Steven Silvester Tomsic, Chief Financial Officer (Age 50)
Mr. John P. Nallen, Chief Operating Officer (Age 62)
Mr. Paul Cheesbrough, Chief Technology Officer & Head of Direct to Consumer Platforms
Ms. Hope Hicks, Exec. VP & Chief Communications Officer

What is FOX's stock symbol?

FOX trades on the NASDAQ under the ticker symbol "FOXA."

Who are FOX's major shareholders?

FOX's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.80%), State Street Corp (2.85%), Morgan Stanley (1.97%), Rothschild & Co Wealth Management UK Ltd (1.94%), Capital International Investors (1.92%) and Yacktman Asset Management LP (1.38%).

Which institutional investors are selling FOX stock?

FOXA stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Two Sigma Advisers LP, APG Asset Management N.V., First Trust Advisors LP, Schroder Investment Management Group, California Public Employees Retirement System, Voloridge Investment Management LLC, and BlackRock Inc..

Which institutional investors are buying FOX stock?

FOXA stock was acquired by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Morgan Stanley, Rothschild & Co Wealth Management UK Ltd, APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Lord Abbett & CO. LLC, and London Co. of Virginia.

How do I buy shares of FOX?

Shares of FOXA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is FOX's stock price today?

One share of FOXA stock can currently be purchased for approximately $30.53.

How big of a company is FOX?

FOX has a market capitalization of $18.43 billion and generates $11.39 billion in revenue each year. The company earns $1.60 billion in net income (profit) each year or $2.63 on an earnings per share basis. FOX employs 22,400 workers across the globe.

What is FOX's official website?

The official website for FOX is www.foxcorporation.com.

How can I contact FOX?

FOX's mailing address is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The company can be reached via phone at 212-852-7000.

This page was last updated on 6/4/2020 by MarketBeat.com Staff