FOX (NASDAQ:FOX) Posts Earnings Results, Beats Estimates By $0.35 EPS

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

FOX Stock Performance

NASDAQ FOX opened at $51.55 on Wednesday. The company has a market capitalization of $23.54 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. FOX has a 52-week low of $25.82 and a 52-week high of $52.54. The company has a fifty day moving average of $46.10 and a 200-day moving average of $41.13.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.10%. FOX’s dividend payout ratio (DPR) is currently 13.20%.

Analyst Upgrades and Downgrades

FOX has been the topic of several analyst reports. Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 23.06% 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.