Shares of Fox Corporation (NASDAQ:FOXA – Get Free Report) have been given an average recommendation of “Hold” by the eighteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.3750.
FOXA has been the subject of several analyst reports. Weiss Ratings lowered FOX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Barclays decreased their target price on FOX from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, June 15th. Rothschild & Co Redburn set a $71.00 price objective on FOX and gave the stock a “buy” rating in a research note on Friday, July 10th. Fox Advisors set a $82.00 price objective on FOX in a research note on Friday, August 14th. Finally, UBS Group reaffirmed a “neutral” rating on shares of FOX in a research note on Monday, June 15th.
Get Our Latest Research Report on FOXA
Institutional Inflows and Outflows
FOX Stock Down 0.3%
FOXA stock opened at $65.23 on Friday. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. The company has a market cap of $27.37 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.18 and a beta of 0.55. FOX has a 12-month low of $48.34 and a 12-month high of $76.39. The company has a 50 day moving average of $61.40 and a two-hundred day moving average of $60.72.
FOX (NASDAQ:FOXA – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. FOX’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 EPS. On average, equities analysts anticipate that FOX will post 5.94 earnings per share for the current fiscal year.
FOX Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a dividend yield of 86.0%. FOX’s payout ratio is presently 15.14%.
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.
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