Research Analysts Offer Predictions for FOX FY2025 Earnings

Fox Co. (NASDAQ:FOXA) – Analysts at Seaport Res Ptn decreased their FY2025 earnings estimates for shares of FOX in a research note issued on Monday, November 4th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $3.21 for the year, down from their prior 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.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion for 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%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS.

A number of other brokerages have also recently issued reports on FOXA. JPMorgan Chase & Co. lifted their target price on shares of FOX from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley upped their target price on FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on FOX from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday. Cfra reissued a “sell” rating on shares of FOX in a report on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price objective on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, FOX currently has an average rating of “Hold” and a consensus target price of $44.00.

FOX Stock Up 1.4 %

FOX stock opened at $43.60 on Wednesday. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. FOX has a fifty-two week low of $28.28 and a fifty-two week high of $45.82. The stock’s fifty day moving average is $41.44 and its two-hundred day moving average is $37.42.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in FOX by 70.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,595 shares of the company’s stock worth $2,378,000 after buying an additional 30,866 shares during the period. Janney Montgomery Scott LLC increased its position in shares of FOX by 66.1% during the first quarter. Janney Montgomery Scott LLC now owns 13,396 shares of the company’s stock worth $419,000 after acquiring an additional 5,331 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of FOX by 2.9% in the first quarter. Daiwa Securities Group Inc. now owns 28,254 shares of the company’s stock worth $884,000 after acquiring an additional 784 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in FOX in the first quarter valued at about $329,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in FOX by 16.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 33,659 shares of the company’s stock valued at $1,053,000 after purchasing an additional 4,776 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $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. 21.77% of the stock is owned by company insiders.

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.