NASDAQ:FOXA

FOX - FOXA Stock Forecast, Price & News

$31.16

-0.38 (-1.20%)

(As of 10/6/2022 03:59 PM ET)

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Today's Range: $31.04
▼
$31.98
50-Day Range: $30.51
▼
$36.50
52-Week Range: $30.31
▼
$44.95

Volume: 271,632 shs
Average Volume: 2.70 million shs
Market Capitalization: $17.11 billion

P/E Ratio: 14.77
Dividend Yield: 1.55%
Price Target: $40.64

FOX MarketRank™ Forecast

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 29.5% Upside
$40.64 Price Target
Short Interest: Bearish
3.42% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.14
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -9.24%
From $3.68 to $3.34 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Consumer Discretionary Sector

123rd out of 276 stocks

Television Broadcasting Stations Industry

7th out of 15 stocks

4.3

Analyst's Opinion

Consensus Rating
FOX has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.64, FOX has a forecasted upside of 29.5% from its current price of $31.39.
Amount of Analyst Coverage
FOX has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
3.42% of the float of FOX has been sold short.
Short Interest Ratio / Days to Cover
FOX has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in FOX has recently increased by 10.14%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
FOX pays a meaningful dividend of 1.55%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
FOX has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of FOX is 23.70%. 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 14.97% next year. This indicates that FOX will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FOXA.

1.7

News and Social Media Coverage

News Sentiment
FOX has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for FOX this week, compared to 5 articles on an average week.
MarketBeat Follows
6 people have added FOX to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

1.7

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
19.86% of the stock of FOX is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.49% of the stock of FOX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for FOX are expected to decrease by -9.24% in the coming year, from $3.68 to $3.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FOX is 14.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of FOX is 14.88, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.70.
Price to Earnings Growth Ratio
FOX has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
FOX has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FOX (NASDAQ:FOXA) Stock

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S. 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; 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 programming. It operates The FOX Network, a national television broadcast network that broadcasts sports programming and entertainment; Tubi, an advertising-supported video-on-demand service; Fox Alternative Entertainment, a full-service production studio that develops and produces unscripted and alternative programming; MyNetworkTV, a programming distribution service; and Blockchain Creative Labs, which is focuses on the creation, distribution and monetization of Web3 content. 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, two broadcast studios, theaters and screening rooms, editing rooms, and other television and film production facilities in Los Angeles, California. The company was incorporated in 2018 and is based in New York, New York.

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FOXA Stock News Headlines

September 30, 2022 | finance.yahoo.com

Fox (FOXA) Adds Fox Weather to Fios TV & Amazon Freevee

September 29, 2022 | latimes.com

How Jessica Tarlov of 'The Five' became a liberal star on Fox News - Los Angeles Times

September 28, 2022 | washingtonpost.com

Bitten by fox, Rep. Bera introduces bill to reduce cost of rabies vaccine - The Washington Post

September 28, 2022 | abcnews.go.com

Judge green lights defamation lawsuit against Fox, Lou Dobbs - ABC News

September 27, 2022 | forbes.com

Fox News Dominates 3Q Cable News Ratings As All Networks See Declines In Prime Time - Forbes

September 23, 2022 | forbes.com

CNN’s Schedule Shakeup: New CEO Licht’s Attempt To Try And Catch Up To Fox, MSNBC - Forbes

September 22, 2022 | finance.yahoo.com

Fox (FOXA) Signs Trace Gallagher as Fox News Night Anchor

September 21, 2022 | latimes.com

Roseanne Barr finds a home on Fox News streaming service - Los Angeles Times

September 17, 2022 | ftw.usatoday.com

College football announcers 2022: Who's calling games for ESPN, ABC, FOX, NBC and more - For The Win

September 16, 2022 | finance.yahoo.com

Is It Too Late To Consider Buying Fox Corporation (NASDAQ:FOXA)?

September 16, 2022 | forbes.com

Shannon Bream Brings Legal Expertise—And 80s Music—To ‘Fox News Sunday’ - Forbes

September 12, 2022 | forbes.com

Insiders Have Been Buying At Intel And Fox, Should You?

September 10, 2022 | nbcnews.com

The queen is dead, King Charles III takes the throne and Fox News is wrong - NBC News

September 10, 2022 | usatoday.com

Shannon Bream shares 'Fox News Sunday' vision, Chris Wallace's message - USA TODAY

September 9, 2022 | finance.yahoo.com

Why Is Fox (FOXA) Down 8% Since Last Earnings Report?

September 9, 2022 | nasdaq.com

First Week of October 28th Options Trading For Fox

September 2, 2022 | cnn.com

William Barr, on Fox, says there's no legitimate reason for classified docs to be at Mar-a-Lago and doubts Trump declassified - CNN

September 2, 2022 | cnbc.com

Top Fox News personalities face questioning as Dominion Voting's defamation lawsuit moves forward - CNBC

August 30, 2022 | finance.yahoo.com

Fox Corporation Chief Financial Officer Steve Tomsic to Participate in Upcoming BofA Securities 2022 Media, Communications and Entertainment Conference

August 29, 2022 | nypost.com

Al Michaels' free agency: NBC, ESPN, Robert Kraft's Fox call - New York Post

August 27, 2022 | nypost.com

Tomon Fox now closing in on Giants roster spot after massive hit went viral - New York Post

August 25, 2022 | nytimes.com

Sean Hannity and Other Fox Stars Face Depositions in Defamation Suit - The New York Times

August 19, 2022 | usatoday.com

Urban Meyer returns to Fox Sports' college football show - USA TODAY

August 19, 2022 | nypost.com

NYC man accused of threatening Fox News anchors avoids prosecution — twice - New York Post

August 17, 2022 | golfweek.usatoday.com

After longtime ownership, sisters sell Michigan Fox Hills golf course - Golfweek

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30 days | 90 days | 365 days | Advanced Chart

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FOXA Company Calendar

Last Earnings: 8/10/2022
Ex-Dividend for 9/28 Dividend: 8/30/2022
Dividend Payable: 9/28/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Television broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:FOXA
Previous Symbol: NASDAQ:FOXAV
CUSIP: N/A
CIK: 1308161
Web: www.foxcorporation.com
Phone: (212) 852-7000
Fax: N/A
Employees: 10,600
Year Founded: 2019

Price Target and Rating

Average Stock Price Forecast: $40.64
High Stock Price Forecast: $46.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +30.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.11
Trailing P/E Ratio: 14.77
Forward P/E Ratio: 8.47
P/E Growth: 0.66
Net Income: $1.21 billion
Net Margins: 8.62%
Pretax Margin: 12.12%
Return on Equity: 14.05%
Return on Assets: 7.05%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 3.61
Quick Ratio: 3.26

Sales & Book Value

Annual Sales: $13.97 billion
Price / Sales: 1.22
Cash Flow: $3.46 per share
Price / Cash Flow: 9.00
Book Value: $20.66 per share
Price / Book: 1.51

Miscellaneous

Outstanding Shares: 549,120,000
Free Float: 440,063,000
Market Cap: $17.11 billion
Optionable: Optionable
Beta: 0.88

Social Links

Key Executives

Mr. Keith Rupert Murdoch AC (Age 91)
Exec. Chairman
Comp: $14.39M

Mr. Lachlan Keith Murdoch (Age 51)
Exec. Chairman & CEO
Comp: $14.04M

Mr. Steven Silvester Tomsic (Age 53)
Chief Financial Officer
Comp: $5.52M

Mr. John P. Nallen (Age 65)
Chief Operating Officer
Comp: $6.8M

Mr. Viet D. Dinh (Age 54)
Chief Legal & Policy Officer
Comp: $7.55M

Mr. Paul Cheesbrough
CTO & Pres of Digital

Ms. Gabrielle Brown
Exec. VP & Chief Investor Relations Officer

Mr. Nicholas Trutanich
Exec. VP of Litigation, Chief Ethics & Compliance Officer

Mr. Brian Nick
Chief Communications Officer & Exec. VP

Ms. Inae Wilson
Exec. VP of Broadcast Distribution & Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FOXA Stock - Frequently Asked Questions

Should I buy or sell FOX stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FOX in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FOXA shares.
View FOXA analyst ratings or view top-rated stocks.
What is FOX's stock price forecast for 2022?: 10 Wall Street analysts have issued 1-year target prices for FOX's stock. Their FOXA share price forecasts range from $30.00 to $46.00. On average, they predict the company's stock price to reach $40.64 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for FOXA or view top-rated stocks among Wall Street analysts.
How have FOXA shares performed in 2022?: FOX's stock was trading at $36.90 at the beginning of 2022. Since then, FOXA shares have decreased by 15.6% and is now trading at $31.16.
View the best growth stocks for 2022 here.
When is FOX's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our FOXA earnings forecast.
How were FOX's earnings last quarter?: Fox Co. (NASDAQ:FOXA) posted its quarterly earnings data on Wednesday, August, 10th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.05 billion. FOX had a trailing twelve-month return on equity of 14.05% and a net margin of 8.62%. FOX's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share.
Read the conference call transcript.
How often does FOX pay dividends? What is the dividend yield for FOX?: FOX declared a Semi-Annual dividend on Wednesday, August 10th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.25 per share on Wednesday, September 28th. This represents a yield of 1.4%. The ex-dividend date is Tuesday, August 30th. This is a positive change from the stock's previous Semi-Annual dividend of $0.24.
Read our dividend analysis for FOXA.
Is FOX a good dividend stock?: FOX (NASDAQ:FOXA) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.55%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FOXA will have a dividend payout ratio of 14.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FOXA.
What is Lachlan Murdoch's approval rating as FOX's CEO?: 8 employees have rated FOX Chief Executive Officer Lachlan Murdoch on Glassdoor.com. Lachlan Murdoch has an approval rating of 62% among the company's employees. This puts Lachlan Murdoch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Cisco Systems (CSCO), Boeing (BA), Intel (INTC), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), General Electric (GE), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).
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 many different institutional and retail investors. Top institutional investors include Csenge Advisory Group (0.00%).
How do I buy shares of FOX?: Shares of FOXA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is FOX's stock price today?: One share of FOXA stock can currently be purchased for approximately $31.16.
How much money does FOX make?: FOX (NASDAQ:FOXA) has a market capitalization of $17.11 billion and generates $13.97 billion in revenue each year. The company earns $1.21 billion in net income (profit) each year or $2.11 on an earnings per share basis.
How many employees does FOX have?: The company employs 10,600 workers across the globe.
Does FOX have any subsidiaries?: The following companies are subsidiares of FOX: Bento Box Entertainment LLC, Big Ten Network Services, Credible, Credible Labs Inc., FSG Services, Fox B10 Channel Partner, Fox Broadcasting Company, Fox News Network, Fox Sports 1, Fox Sports 2, Fox Sports Holdings, Fox Sports Productions, Fox Television Holdings, Fox Television Stations, Fox/UTV Holdings, Foxcorp Holdings LLC, KCOP Television, NW Communications of Phoenix, NW Communications of Texas, NWC Acquisition Corporation, NWC Holdings Corporation, NWC Sub I Holdings Corporation, NWC Sub II Holdings Corporation, New Fox Services LLC, New World Communications Group Incorporated, New World Communications of Atlanta, New World Communications of Detroit, New World Communications of Tampa, New World Television Incorporated, Sky, Tubi, and UTV of San Francisco.
Read More
How can I contact FOX?: FOX's mailing address is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.foxcorporation.com. The company can be reached via phone at (212) 852-7000.

This page (NASDAQ:FOXA) was last updated on 10/6/2022 by MarketBeat.com Staff

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FOX - FOXA Stock Forecast, Price & News

FOX MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month