Research Analysts Issue Forecasts for Fox Co.’s FY2025 Earnings (NASDAQ:FOXA)

Fox Co. (NASDAQ:FOXA) – Analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for FOX in a note issued to investors on Tuesday, August 6th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn $3.46 per share for the year, down from their prior estimate of $3.51. The consensus estimate for FOX’s current full-year earnings is $3.33 per share.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. FOX had a net margin of 11.19% and a return on equity of 15.90%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FOX from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America upgraded shares of FOX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $40.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Rosenblatt Securities increased 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.62.

FOX Trading Up 0.1 %

FOX stock traded up $0.03 during mid-day trading on Thursday, hitting $39.33. The company’s stock had a trading volume of 2,618,659 shares, compared to its average volume of 3,055,185. The stock’s fifty day moving average is $35.64 and its two-hundred day moving average is $32.72. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $18.36 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.77. FOX has a 1 year low of $28.28 and a 1 year high of $39.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FOXA. Massmutual Trust Co. FSB ADV raised its position in shares of FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after purchasing an additional 461 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the last quarter. UMB Bank n.a. raised its stake in shares of FOX by 254.4% in the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock valued at $35,000 after purchasing an additional 809 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of FOX during the fourth quarter worth about $43,000. Finally, Friedenthal Financial acquired a new position in FOX in the second quarter worth about $51,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $34.26, for a total value of $1,027,800.00. Following the transaction, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at approximately $3,788,059.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the transaction, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the sale, the chief financial officer now owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.27 per share. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. This represents a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 4th. FOX’s payout ratio is currently 16.30%.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.