FOX (FOXA) Expected to Announce Quarterly Earnings on Wednesday

FOX (NASDAQ:FOXA) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect FOX to post earnings of $0.62 per share and revenue of $4.78 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Stock Up 1.5 %

NASDAQ FOXA opened at $51.95 on Tuesday. FOX has a 1-year low of $28.28 and a 1-year high of $52.14. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.25 and a beta of 0.76. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $48.35 and a 200-day moving average of $43.72.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of research reports. TD Cowen boosted their target price on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and raised their price target for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Morgan Stanley boosted their price objective on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Bank of America lifted their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of FOX from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, FOX currently has an average rating of “Hold” and an average target price of $48.25.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.77% of the company’s stock.

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.