FOX (FOX) Stock Price, News & Analysis

Company Overview

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. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and power broadcast television stations including duopolies and other digital platform; and engages in production of content for company and third parties. Other, Corporate and Eliminations segment comprises the FOX Studio Lot which provides television and film production services including office space, studio operation services, and facility operations; and Credible, a U.S. consumer finance marketplace. The company was incorporated in 2018 and is headquartered in New York, New York.

Key Stats

• Today's Range: $37.59 to $37.93
• 50-Day Range: $33.25 to $38.43
• 52-Week Range: $25.82 to $38.51
• Volume: 232,421 shs
• Average Volume: 1.11 million shs
• Market Capitalization: $17.58 billion
• P/E Ratio: 11.81
• Dividend Yield: 1.43%
• Price Target: N/A
• Consensus Rating: Hold

FOX Stock Analysis - MarketRank™

FOX scored higher than 74% of companies evaluated by MarketBeat, and ranked 119th out of 297 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for FOX.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.29%

Earnings Growth

Earnings for FOX are expected to grow by 5.29% in the coming year, from $3.59 to $3.78 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FOX is 11.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of FOX is 11.83, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.10.

Price to Earnings Growth Ratio

FOX has a PEG Ratio of 1.90. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

FOX has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% of the float of FOX has been sold short.

Short Interest Ratio / Days to Cover

FOX has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FOX has recently decreased by 16.47%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

FOX pays a meaningful dividend of 1.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

FOX does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of FOX is 16.93%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, FOX will have a dividend payout ratio of 14.29% next year. This indicates that FOX will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.97

Percentage of Shares Shorted

2.15% of the float of FOX has been sold short.

Short Interest Ratio / Days to Cover

FOX has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FOX has recently decreased by 16.47%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.25

News Sentiment

FOX has a news sentiment score of -0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 133 news articles for FOX this week, compared to 74 articles on an average week.

MarketBeat Follows

Only 1 people have added FOX to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, FOX insiders have bought 126.98% more of their company's stock than they have sold. Specifically, they have bought $4,675,677.00 in company stock and sold $2,059,971.00 in company stock.

Percentage Held by Insiders

19.21% of the stock of FOX is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.41% of the stock of FOX is held by institutions.

FOX Stock Analysis - Frequently Asked Questions

How have FOX shares performed this year?

FOX's stock was trading at $27.65 at the beginning of 2024. Since then, FOX stock has increased by 36.5% and is now trading at $37.73.
View the best growth stocks for 2024 here.

How were FOX's earnings last quarter?

Fox Co. (NASDAQ:FOX) released its earnings results on Tuesday, August, 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The company earned $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. FOX had a trailing twelve-month return on equity of 15.57% and a net margin of 10.74%.
Read the conference call transcript.

Does FOX have any subsidiaries?

The following companies are subsidiaries of FOX: MarVista Entertainment, TMZ, Outkick Media LLC, Tubi, Credible, Sky, Bento Box Entertainment LLC, and more.

Who are FOX's major shareholders?

Top institutional shareholders of FOX include Yacktman Asset Management LP (1.87%), Independent Franchise Partners LLP (1.08%), Dimensional Fund Advisors LP (0.50%) and Assenagon Asset Management S.A. (0.44%). Insiders that own company stock include Keith Rupert Murdoch, Lachlan K Murdoch and John Nallen.
View institutional ownership trends.

How do I buy shares of FOX?

Shares of FOX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FOX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FOX investors own include Intel (INTC), Cisco Systems (CSCO), Walt Disney (DIS), AbbVie (ABBV), AT&T (T), Verizon Communications (VZ) and International Business Machines (IBM).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/25 Dividend: 9/04/2024
• Today: 9/19/2024
• Dividend Payable: 9/25/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Television broadcasting stations
• Sub-Industry: Communication
• Current Symbol: NASDAQ:FOX
• CUSIP: N/A
• CIK: 1308161
• Web: www.foxcorporation.com
• Phone: (212) 852-7000
• Fax: N/A
• Employees: 10,600
• Year Founded: 1979

Profitability

• EPS (Most Recent Fiscal Year): $3.19
• Trailing P/E Ratio: 11.83
• Forward P/E Ratio: 10.51
• P/E Growth: 1.9
• Net Income: $1.50 billion
• Net Margins: 10.74%
• Pretax Margin: 15.05%
• Return on Equity: 15.57%
• Return on Assets: 7.46%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 2.54
• Quick Ratio: 2.33

Sales & Book Value

• Annual Sales: $13.98 billion
• Price / Sales: 1.26
• Cash Flow: $4.60 per share
• Price / Cash Flow: 8.20
• Book Value: $23.44 per share
• Price / Book: 1.61

Miscellaneous

• Outstanding Shares: 466,731,000
• Free Float: 377,072,000
• Market Cap: $17.61 billion
• Optionable: Optionable
• Beta: 0.81