FOX (NASDAQ:FOX) Posts Earnings Results

FOX (NASDAQ:FOX) issued its earnings results on Monday. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.18, Zacks reports. FOX had a return on equity of 18.50% and a net margin of 14.39%.

FOX Stock Performance

Shares of FOX stock opened at $48.50 on Monday. The business has a fifty day simple moving average of $47.64 and a 200-day simple moving average of $46.82. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $21.99 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. FOX has a 12 month low of $30.10 and a 12 month high of $55.00.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

About FOX

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.