FOX (FOXA) 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: $45.26 to $45.84
• 50-Day Range: $38.91 to $47.48
• 52-Week Range: $28.28 to $47.58
• Volume: 4.91 million shs
• Average Volume: 3.07 million shs
• Market Capitalization: $20.87 billion
• P/E Ratio: 11.17
• Dividend Yield: 1.18%
• Price Target: $44.00
• Consensus Rating: Hold

FOX Stock Analysis - MarketRank™

FOX scored higher than 67% of companies evaluated by MarketBeat, and ranked 142nd out of 288 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

FOX has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 8 buy ratings, 9 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

FOX has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -4.82%

Earnings Growth

Earnings for FOX are expected to decrease by -4.82% in the coming year, from $3.94 to $3.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FOX is 11.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of FOX is 11.17, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.88.

Price to Earnings Growth Ratio

FOX has a PEG Ratio of 1.17. 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 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.82% 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 7.4.

Change versus previous month

Short interest in FOX has recently decreased by 6.64%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

FOX pays a meaningful dividend of 1.18%, 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 14.40% next year. This indicates that FOX will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.82% 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 7.4.

Change versus previous month

Short interest in FOX has recently decreased by 6.64%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.28

News Sentiment

FOX has a news sentiment score of 1.28. 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 higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for FOX this week, compared to 10 articles on an average week.

Search Interest

Only 33 people have searched for FOXA on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added FOX to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 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 $12,184,894.00 in company stock.

Percentage Held by Insiders

21.77% 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

52.52% of the stock of FOX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FOXA Stock Analysis - Frequently Asked Questions

How have FOXA shares performed this year?

FOX's stock was trading at $29.67 on January 1st, 2024. Since then, FOXA shares have increased by 54.0% and is now trading at $45.70.
View the best growth stocks for 2024 here.

How were FOX's earnings last quarter?

Fox Co. (NASDAQ:FOXA) released its quarterly earnings data on Monday, November, 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The business's revenue for the quarter was up 11.1% compared to the same quarter last year.
Read the conference call transcript.

Does FOX have any subsidiaries?

FOX subsidiaries include these companies: Tubi, Credible, Sky, Bento Box Entertainment LLC, Big Ten Network Services, Credible Labs Inc., Fox B10 Channel Partner, and others.

Who are FOX's major shareholders?

FOX's top institutional shareholders include State Street Corp (3.39%), Pacer Advisors Inc. (1.72%), Geode Capital Management LLC (1.44%) and AustralianSuper Pty Ltd (0.56%). Insiders that own company stock include Lachlan K Murdoch, John Nallen, John Nallen, Steven Tomsic and Viet D Dinh.
View institutional ownership trends.

How do I buy shares of FOX?

Shares of FOXA 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), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/25 Dividend: 9/04/2024
• Dividend Payable: 9/25/2024
• Last Earnings: 11/04/2024
• Today: 11/20/2024
• 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:FOXA
• Previous Symbol: NASDAQ:FOXAV
• CUSIP: N/A
• CIK: 1308161
• Web: www.foxcorporation.com
• Phone: (212) 852-7000
• Fax: N/A
• Employees: 10,200
• Year Founded: 2019

Price Target and Rating

• Average Stock Price Target: $44.00
• High Stock Price Target: $51.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: -3.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.39
• Research Coverage: 18 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.09
• Trailing P/E Ratio: 11.17
• Forward P/E Ratio: 11.60
• P/E Growth: 1.17
• 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: 1.49
• Cash Flow: $4.45 per share
• Price / Cash Flow: 10.27
• Book Value: $23.44 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 456,740,000
• Free Float: 357,305,000
• Market Cap: $20.87 billion
• Optionable: Optionable
• Beta: 0.76