FOX (FOXA) to Release Quarterly Earnings on Monday

FOX (NASDAQ:FOXA) is set to post its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect FOX to post earnings of $1.12 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Trading Down 0.3 %

Shares of FOXA stock opened at $41.88 on Friday. FOX has a twelve month low of $28.28 and a twelve month high of $42.85. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.91 and a beta of 0.76. The firm has a 50-day moving average price of $41.35 and a 200 day moving average price of $37.15. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61.

Insider Buying and Selling at FOX

In other news, COO John Nallen sold 52,874 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Lachlan K. Murdoch acquired 119,705 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the acquisition, the chief executive officer now directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John Nallen sold 52,874 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FOXA. Bank of America boosted their target price on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Wells Fargo & Company upgraded shares of FOX from an “underweight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $46.00 in a report on Friday, August 16th. Rosenblatt Securities boosted their price objective on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Evercore ISI raised their target price on shares of FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Finally, Guggenheim increased their price target on FOX from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.46.

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.