FOX (NASDAQ:FOXA – Get Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at Seaport Research Partners in a note issued to investors on Friday, MarketBeat Ratings reports.
Several other brokerages also recently commented on FOXA. UBS Group reissued a “neutral” rating on shares of FOX in a research note on Monday, June 15th. Evercore set a $73.00 price target on shares of FOX in a report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on FOX from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Wolfe Research raised FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 price objective on the stock in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $79.00 price objective on shares of FOX in a research report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FOX presently has an average rating of “Hold” and a consensus target price of $73.56.
Check Out Our Latest Analysis on FOXA
FOX Price Performance
FOX (NASDAQ:FOXA – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.35. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%.The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, sell-side analysts forecast that FOX will post 4.96 EPS for the current fiscal year.
Institutional Trading of FOX
Institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB raised its holdings in FOX by 85.3% during the 4th quarter. Handelsbanken Fonder AB now owns 88,009 shares of the company’s stock worth $6,431,000 after purchasing an additional 40,515 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of FOX by 9.9% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 287,000 shares of the company’s stock valued at $16,755,000 after purchasing an additional 25,900 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FOX by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,534,627 shares of the company’s stock valued at $476,248,000 after purchasing an additional 29,923 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of FOX during the fourth quarter worth $67,467,000. Finally, Strs Ohio raised its stake in FOX by 7.6% during the fourth quarter. Strs Ohio now owns 332,444 shares of the company’s stock worth $24,292,000 after buying an additional 23,475 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.
More FOX News
Here are the key news stories impacting FOX this week:
- Positive Sentiment: Quarterly results exceeded expectations. FOXA reported $1.79 in adjusted EPS versus the $1.44 analyst consensus and revenue of $4.21 billion versus expectations of $3.64 billion. Revenue increased 28.1% year over year, while full-year revenue reached $17.13 billion and adjusted EBITDA totaled $3.91 billion. FOX fiscal 2026 results
- Positive Sentiment: World Cup exposure drove advertising growth. FIFA World Cup broadcasts helped lift advertising revenue 78%, while the event also increased audiences and engagement for FOX’s Tubi streaming service. Distribution revenue rose 5%, supported by cable-network growth. FOX advertising and Tubi growth
- Positive Sentiment: FOX declared a $0.29-per-share dividend, payable September 23 to shareholders of record September 2. The payout provides continued shareholder returns, although investors should verify the reported dividend-yield figure, which appears inconsistent with the per-share payment.
- Neutral Sentiment: NFL rights remain relatively predictable. CEO Lachlan Murdoch said FOX will not renegotiate its current NFL media-rights agreement before the league’s potential opt-out period near 2030, limiting near-term cost uncertainty but leaving longer-term rights economics unresolved. FOX NFL rights plans
- Neutral Sentiment: Roku reported second-quarter results while its acquisition by FOXA remains pending. Roku did not provide financial guidance or hold an earnings call because of the transaction, limiting visibility into the streaming company’s standalone outlook. Roku second-quarter results
- Negative Sentiment: Zacks Research downgraded FOXA from “strong buy” to “hold,” potentially tempering investor enthusiasm after the earnings-driven advance.
About FOX
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.
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