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.

FOX Stock Up 0.2 %

Shares of FOX stock opened at $36.50 on Friday. FOX has a 1 year low of $31.33 and a 1 year high of $44.95. The business has a 50-day moving average of $33.45 and a two-hundred day moving average of $36.91. The company has a market capitalization of $20.32 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.61 and a quick ratio of 3.36.

FOX (NASDAQ:FOXA - Get Rating) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.05 billion. FOX had a return on equity of 14.05% and a net margin of 8.62%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, equities analysts predict that FOX will post 3.68 EPS for the current year.

FOX Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.25 per share. This is a boost from FOX's previous Semi-Annual dividend of $0.24. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 30th. FOX's dividend payout ratio is currently 22.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FOXA shares. Wells Fargo & Company dropped their price objective on FOX from $49.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley downgraded FOX from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $45.00 to $38.00 in a report on Monday, July 18th. Wolfe Research downgraded FOX from an "outperform" rating to a "peer perform" rating and dropped their price objective for the company from $52.00 to $39.00 in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on FOX from $48.00 to $46.00 in a report on Wednesday, May 25th. Finally, Rosenblatt Securities upped their price objective on FOX from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.30.