FOX (NASDAQ:FOXA) Releases Earnings Results, Beats Estimates By $0.35 EPS

FOX (NASDAQ:FOXA) announced its earnings results on Wednesday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.35, Briefing.com reports. FOX had a net margin of 12.35% and a return on equity of 18.61%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the company earned $0.96 EPS. The business’s revenue was up 2.0% compared to the same quarter last year.

FOX Stock Down 3.6%

NASDAQ FOXA opened at $67.73 on Thursday. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $30.07 billion, a PE ratio of 15.22, a P/E/G ratio of 1.57 and a beta of 0.51. The business’s fifty day simple moving average is $71.73 and its 200-day simple moving average is $64.19. FOX has a 52 week low of $46.42 and a 52 week high of $76.39.

FOX Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.28 dividend. This represents a dividend yield of 83.0%. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is currently 12.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FOXA. Barclays boosted their price objective on FOX from $58.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Evercore ISI boosted their target price on FOX from $55.00 to $66.00 and gave the stock an “in-line” rating in a research note on Friday, October 31st. Morgan Stanley raised their target price on FOX from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, UBS Group set a $87.00 price objective on FOX in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.47.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly revenue and EPS topped expectations — Fox reported $5.18B in revenue and $0.82 EPS, beating consensus revenue and EPS estimates, supported by ad demand. Article Title
• Positive Sentiment: Sports and streaming (Tubi) provided clear growth drivers — World Series viewership, higher sports advertising, and ad-supported streaming contributed to the beat. Article Title
• Positive Sentiment: Company reported solid operating cash metrics — PR release highlighted adjusted EBITDA of $692M and net income of $247M for the quarter, supporting profitability resilience. Article Title
• Positive Sentiment: Dividend declared — Fox announced a $0.28 per-share dividend (record date March 4, pay date March 25), which supports income investors. (Company release/earnings disclosures)
• Neutral Sentiment: Analyst write-ups dig into metric details — Several outlets (Zacks, Seeking Alpha) note the beat but recommend watching key segment trends and ad cycles for the next quarters. Article Title
• Negative Sentiment: EPS declined year-over-year despite the beat — Quarterly EPS of $0.82 is below last year’s $0.96, which may have tempered enthusiasm about earnings quality. Article Title
• Negative Sentiment: Top-line growth is modest — Revenue rose only ~2% year-over-year; investors looking for stronger secular growth may view the quarter as underwhelming despite the beat. Article Title

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 168,756 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $65.97, for a total transaction of $11,132,833.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 29,897 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the completion of the sale, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 437,050 shares of company stock worth $28,347,106. Insiders own 19.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. United Capital Financial Advisors LLC boosted its holdings in FOX by 8.6% in the third quarter. United Capital Financial Advisors LLC now owns 5,609 shares of the company’s stock valued at $354,000 after purchasing an additional 443 shares during the period. Horizon Investments LLC raised its position in shares of FOX by 15.4% during the 3rd quarter. Horizon Investments LLC now owns 47,831 shares of the company’s stock worth $3,016,000 after acquiring an additional 6,374 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of FOX during the 3rd quarter worth approximately $470,000. Entropy Technologies LP purchased a new stake in FOX in the third quarter valued at $639,000. Finally, Parallel Advisors LLC lifted its holdings in shares of FOX by 9.2% in the 3rd quarter. Parallel Advisors LLC now owns 2,532 shares of the company’s stock valued at $160,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.