FOX - FOXA Stock Forecast, Price & News

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. 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 multi-channel video programming 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; FOX Sports Racing, a video programming service that comprises motor sports programming; and FOX Soccer Plus, a video programming network for live soccer and rugby competitions; FOX Deportes, a Spanish-language sports programming service; and Big Ten Network, a national video programming service. 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; MyNetworkTV, a programming distribution service; Fox Alternative Entertainment, a full-service production studio that develops and produces unscripted and alternative programming; Bento Box, which develops and produces animated programing; and Tubi, a free advertising-supported video-on-demand service. This segment owns and operates 29 broadcast television stations. The Other, Corporate and Eliminations segment owns the FOX Studios lot that provides production and post-production services, including 15 sound stages, 2 broadcast studios, theaters and screening rooms, editing bays, and television and film production facilities in Los Angeles, California. The company was incorporated in 2018 and is based in New York, New York.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wolfe Research cut shares of FOX from an "outperform" rating to a "peer perform" rating and reduced their price target for the company from $52.00 to $39.00 in a research report on Thursday, June 2nd. Rosenblatt Securities assumed coverage on shares of FOX in a research report on Tuesday, April 19th. They set a "neutral" rating and a $38.00 price target on the stock. UBS Group reduced their price target on shares of FOX to $46.00 in a research report on Tuesday, July 26th. The Goldman Sachs Group reduced their price target on shares of FOX from $32.00 to $30.00 and set a "sell" rating on the stock in a research report on Tuesday, July 26th. Finally, Morgan Stanley cut shares of FOX from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $45.00 to $38.00 in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FOX presently has a consensus rating of "Hold" and a consensus price target of $41.22.

FOX Stock Up 0.8 %

Shares of NASDAQ:FOXA traded up $0.27 during trading on Tuesday, reaching $33.74. 2,526,228 shares of the stock traded hands, compared to its average volume of 2,982,062. The stock has a 50-day moving average of $33.36 and a two-hundred day moving average of $36.96. FOX has a 52-week low of $31.33 and a 52-week high of $44.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.36 and a current ratio of 3.73. The stock has a market cap of $18.78 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90.

FOX (NASDAQ:FOXA - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). FOX had a net margin of 8.33% and a return on equity of 13.84%. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that FOX will post 2.84 earnings per share for the current fiscal year.