Several other research analysts have also weighed in on FOXA. Wells Fargo & Co began coverage on FOX in a research report on Monday, September 23rd. They set an “underperform” rating and a $30.00 price target on the stock. Citigroup lowered their price target on FOX from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. BidaskClub lowered FOX from a “hold” rating to a “sell” rating in a research report on Saturday, August 24th. Atlantic Securities lowered FOX from an “overweight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research report on Tuesday, September 10th. Finally, Zacks Investment Research raised FOX from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. FOX currently has a consensus rating of “Hold” and an average price target of $41.79.
NASDAQ:FOXA opened at $36.85 on Wednesday. The firm has a market capitalization of $22.87 billion and a price-to-earnings ratio of 14.01. FOX has a twelve month low of $29.69 and a twelve month high of $41.95. The stock’s 50 day moving average price is $34.55 and its two-hundred day moving average price is $34.39. The company has a quick ratio of 2.96, a current ratio of 3.73 and a debt-to-equity ratio of 0.65.
FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.60 billion. FOX had a return on equity of 14.30% and a net margin of 12.94%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, analysts anticipate that FOX will post 2.41 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY bought a new position in shares of FOX during the 3rd quarter worth approximately $1,729,000. Millennium Management LLC bought a new position in shares of FOX during the 3rd quarter worth approximately $31,589,000. Man Group plc bought a new position in shares of FOX during the 3rd quarter worth approximately $10,106,000. PointState Capital LP bought a new stake in FOX in the 3rd quarter valued at $1,164,000. Finally, Squarepoint Ops LLC bought a new stake in FOX in the 3rd quarter valued at $5,109,000. Institutional investors own 56.06% of the company’s stock.
FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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