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

Key Stats

• Today's Range: $44.32 to $44.89
• 50-Day Range: $37.28 to $44.37
• 52-Week Range: $25.82 to $44.89
• Volume: 424,701 shs
• Average Volume: 1.10 million shs
• Market Capitalization: $20.43 billion
• P/E Ratio: 10.94
• Dividend Yield: 1.21%
• Price Target: N/A
• Consensus Rating: Hold

FOX Stock Analysis - MarketRank™

FOX scored higher than 77% of companies evaluated by MarketBeat, and ranked 100th out of 284 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: 4.61%

Earnings Growth

Earnings for FOX are expected to grow by 4.61% in the coming year, from $3.69 to $3.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FOX is 10.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.76.

Price to Earnings Ratio vs. Sector

The P/E ratio of FOX is 10.94, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.89.

Price to Earnings Growth Ratio

FOX has a PEG Ratio of 1.70. 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 1.80. 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

2.33% 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, 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 6.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

FOX pays a meaningful dividend of 1.22%, 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 13.20%. 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 13.99% 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

2.33% 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, 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 6.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.05

News Sentiment

FOX has a news sentiment score of -0.05. 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 0.76 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 96 news articles for FOX this week, compared to 85 articles on an average week.

Search Interest

5 people have searched for FOX on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added FOX to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

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

Insider Buying vs. Insider Selling

In the past three months, FOX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $47,705,970.00 in company stock.

Percentage Held by Insiders

23.06% 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 61.8% and is now trading at $44.73.
View the best growth stocks for 2024 here.

How were FOX's earnings last quarter?

Fox Co. (NASDAQ:FOX) announced its quarterly earnings results on Tuesday, August, 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 13.40% and a trailing twelve-month return on equity of 16.49%.
Read the conference call transcript.

Does FOX have any subsidiaries?

FOX subsidiaries include MarVista Entertainment, TMZ, Outkick Media LLC, Tubi, Credible, Sky, Bento Box Entertainment LLC, and others.

Who are FOX's major shareholders?

FOX's top institutional investors include State Street Corp (2.09%), Yacktman Asset Management LP (1.71%), Geode Capital Management LLC (0.68%) and Assenagon Asset Management S.A. (0.40%). Insiders that own company stock include Lachlan K Murdoch, John Nallen and Keith Rupert Murdoch.
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 American Water Works (AWK), DiamondRock Hospitality (DRH), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/25 Dividend: 9/04/2024
• Dividend Payable: 9/25/2024
• Today: 11/29/2024
• Next Earnings (Estimated): 2/05/2025
• 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: 10,200
• Year Founded: 1979

Profitability

• EPS (Most Recent Fiscal Year): $4.09
• Trailing P/E Ratio: 10.85
• Forward P/E Ratio: 12.02
• P/E Growth: 1.68
• Net Income: $1.50 billion
• Net Margins: 13.40%
• Pretax Margin: 18.52%
• Return on Equity: 16.49%
• Return on Assets: 7.99%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 2.59
• Quick Ratio: 2.33

Sales & Book Value

• Annual Sales: $13.98 billion
• Price / Sales: 1.45
• Cash Flow: $4.51 per share
• Price / Cash Flow: 9.84
• Book Value: $24.91 per share
• Price / Book: 1.78

Miscellaneous

• Outstanding Shares: 456,740,000
• Free Float: 351,413,000
• Market Cap: $20.26 billion
• Optionable: Optionable
• Beta: 0.81