FOX (FOXA) Expected to Announce Quarterly Earnings on Wednesday

FOX (NASDAQ:FOXA) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $4.78 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 11.1% 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 Up 1.5 %

Shares of FOXA opened at $51.95 on Tuesday. FOX has a 52-week low of $28.28 and a 52-week high of $52.14. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $48.35 and its two-hundred day moving average is $43.72. The stock has a market cap of $23.73 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.25 and a beta of 0.76.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FOXA. Guggenheim boosted their price target on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price target on FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley raised their target price on FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Bank of America lifted their target price on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.25.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the sale, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.77% of the stock is currently owned by corporate 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.