FOX (NASDAQ:FOX) Issues Earnings Results

FOX (NASDAQ:FOX) posted its earnings results on Tuesday. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.35, RTT News reports. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the prior year, the business earned $0.34 earnings per share.

FOX Stock Up 4.0 %

Shares of FOX traded up $1.95 during mid-day trading on Tuesday, reaching $51.14. The company had a trading volume of 201,789 shares, compared to its average volume of 961,151. FOX has a 52 week low of $25.82 and a 52 week high of $52.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The firm has a 50-day moving average price of $45.83 and a 200 day moving average price of $40.90.

FOX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.11%. FOX’s dividend payout ratio (DPR) is currently 13.20%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FOX shares. Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.06% of the stock is owned by insiders.

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.