FOX (FOXA) to Release Earnings on Monday

FOX (NASDAQ:FOXA - Get Free Report) will be issuing its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

FOX (NASDAQ:FOXA - Get Free Report) 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 firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Stock Up 0.7 %

Shares of FOXA stock traded up $0.30 on Monday, reaching $42.01. 2,027,280 shares of the company were exchanged, compared to its average volume of 2,951,896. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The company has a 50-day moving average of $41.19 and a 200-day moving average of $36.84. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.92 and a beta of 0.76. FOX has a one year low of $28.28 and a one year high of $42.85.

FOX Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.27 dividend. The ex-dividend date was Wednesday, September 4th. This represents a yield of 1.4%. This is a positive change from FOX's previous Semi-Annual dividend of $0.26. FOX's dividend payout ratio is presently 16.93%.

Insider Activity at FOX

In other news, COO John Nallen sold 52,874 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of 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 disclosure for this purchase can be found here. 21.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

FOXA has been the topic of a number of research reports. Macquarie upped their target price on FOX from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Barclays upped their price objective on shares of FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Loop Capital lifted their price objective on shares of FOX from $43.00 to $46.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of FOX from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Finally, Guggenheim boosted their price objective on FOX from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.08.

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.