FOX (NASDAQ:FOX) Issues Quarterly Earnings Results

FOX (NASDAQ:FOX) posted its earnings results on Monday. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14, Zacks reports. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.19 billion.

FOX Stock Performance

NASDAQ FOX traded up $2.00 during trading hours on Monday, reaching $48.72. 1,801,494 shares of the company were exchanged, compared to its average volume of 1,252,989. 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 business’s 50 day simple moving average is $47.64 and its 200-day simple moving average is $46.82. FOX has a 1 year low of $30.10 and a 1 year high of $55.00. The stock has a market capitalization of $22.09 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.55 and a beta of 0.56.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.06% of the company’s stock.

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.