Seaport Res Ptn Has Negative Outlook for FOX FY2025 Earnings

Fox Co. (NASDAQ:FOXA) – Analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for FOX in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $3.21 per share for the year, down from their prior estimate of $3.46. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for FOX’s current full-year earnings is $3.69 per share.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities upped their target price on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. UBS Group raised their price objective on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday. TD Cowen increased their price objective on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, FOX has an average rating of “Hold” and an average target price of $44.00.

FOX Stock Up 4.3 %

NASDAQ FOXA opened at $45.48 on Wednesday. The stock’s 50 day simple moving average is $41.53 and its 200 day simple moving average is $37.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. FOX has a one year low of $28.28 and a one year high of $45.82. The firm has a market cap of $20.93 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76.

Institutional Trading of FOX

Institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its holdings in FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after purchasing an additional 461 shares during the period. Friedenthal Financial acquired a new position in shares of FOX during the second quarter worth approximately $51,000. Duncker Streett & Co. Inc. acquired a new position in shares of FOX during the second quarter worth approximately $52,000. Meeder Asset Management Inc. bought a new position in shares of FOX in the 1st quarter worth $66,000. Finally, Covestor Ltd grew its position in FOX by 283.0% in the 1st quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $90,000 after purchasing an additional 2,128 shares during the period. Institutional investors own 52.52% of the company’s stock.

Insider Activity

In other news, CEO Lachlan K. Murdoch acquired 119,705 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lachlan K. Murdoch bought 119,705 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 335,355 shares of company stock worth $14,244,865. Corporate insiders own 21.77% of the company’s stock.

FOX Company Profile

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.