Seaport Res Ptn Issues Pessimistic Estimate for FOX Earnings

Fox Co. (NASDAQ:FOXA - Free Report) - Stock analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for shares of FOX in a research note issued on Monday, November 4th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $3.21 for the year, down from their previous forecast of $3.46. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for FOX's current full-year earnings is $3.69 per share.

Several other brokerages have also recently weighed in on FOXA. Wells Fargo & Company raised their price objective on FOX from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group lifted their price target on FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday. Guggenheim lifted their price target on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday. Rosenblatt Securities lifted their price target on FOX from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Finally, Bank of America lifted their price target on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, FOX has an average rating of "Hold" and an average target price of $44.00.

FOX Stock Up 4.3 %

Shares of NASDAQ FOXA traded up $1.88 during mid-day trading on Wednesday, hitting $45.48. The company had a trading volume of 6,280,821 shares, compared to its average volume of 2,999,728. The company has a market capitalization of $20.93 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The firm has a 50-day simple moving average of $41.53 and a two-hundred day simple moving average of $37.48. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. FOX has a one year low of $28.28 and a one year high of $45.82.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.38 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. FOX's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in FOX by 11.0% during the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock valued at $103,000 after purchasing an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in FOX by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock valued at $991,000 after purchasing an additional 385 shares in the last quarter. Raymond James Trust N.A. raised its position in FOX by 4.4% during the second quarter. Raymond James Trust N.A. now owns 9,691 shares of the company's stock valued at $333,000 after purchasing an additional 406 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock valued at $1,249,000 after purchasing an additional 451 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in FOX by 0.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company's stock valued at $1,695,000 after purchasing an additional 453 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company's stock, valued at approximately $42,044,457.42. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 335,355 shares of company stock worth $14,244,865. Corporate insiders own 21.77% 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.