FOX (FOXA) to Release Quarterly Earnings on Monday

FOX (NASDAQ:FOXA) is scheduled to be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a return on equity of 15.57% and a net margin of 10.74%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 2.0% 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 Performance

NASDAQ FOXA opened at $41.88 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $41.35 and its two-hundred day moving average is $37.20. FOX has a 12-month low of $28.28 and a 12-month high of $42.85. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.91 and a beta of 0.76.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on FOXA. Wells Fargo & Company upgraded FOX from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Barclays boosted their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.46.

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.