FOX (NASDAQ:FOXA) Announces Quarterly Earnings Results

FOX (NASDAQ:FOXA) issued its quarterly earnings data on Thursday. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.35, Briefing.com reports. The company had revenue of $4.21 billion for 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 revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS.

FOX Trading Up 3.6%

Shares of FOX stock opened at $64.03 on Friday. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.54. FOX has a 52-week low of $48.34 and a 52-week high of $76.39. The company’s 50-day simple moving average is $57.49 and its 200-day simple moving average is $60.70. The company has a quick ratio of 2.65, a current ratio of 3.17 and a debt-to-equity ratio of 0.56.

FOX Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.29 per share. This represents a dividend yield of 94.0%. The ex-dividend date is Wednesday, September 2nd. FOX’s payout ratio is 15.14%.

Institutional Trading of FOX

A number of institutional investors have recently modified their holdings of FOXA. Geneos Wealth Management Inc. boosted its position in shares of FOX by 205.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 621 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in FOX by 286.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,368 shares of the company’s stock valued at $77,000 after purchasing an additional 1,014 shares in the last quarter. Baird Financial Group Inc. raised its holdings in FOX by 19.7% during the second quarter. Baird Financial Group Inc. now owns 17,500 shares of the company’s stock worth $981,000 after purchasing an additional 2,876 shares during the last quarter. California State Teachers Retirement System raised its holdings in FOX by 16.6% during the second quarter. California State Teachers Retirement System now owns 350,844 shares of the company’s stock worth $19,661,000 after purchasing an additional 49,963 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in FOX by 72.0% during the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock worth $101,948,000 after purchasing an additional 762,645 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several recent research reports. Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Rothschild & Co Redburn set a $71.00 price target on FOX and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company reduced their price objective on FOX from $71.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Evercore set a $73.00 price objective on FOX in a research report on Tuesday, May 12th. Finally, UBS Group reiterated a “neutral” rating on shares of FOX in a research note on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average price target of $73.56.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly results exceeded expectations. Fox reported fiscal Q4 revenue of $4.21 billion, up 28.1% year over year and above the $3.64 billion consensus estimate. Adjusted EPS was $1.79, beating estimates ranging from $1.34 to $1.44 and increasing from $1.27 a year earlier. Fox fiscal 2026 results
• Positive Sentiment: World Cup significantly boosted advertising. FIFA Men’s World Cup coverage helped drive a 78% increase in advertising revenue, while total revenue, net income and adjusted EBITDA reached $4.21 billion, $696 million and $1.20 billion, respectively. Management’s commentary also supports optimism for fiscal 2027. Fox advertising and Tubi World Cup growth
• Positive Sentiment: Tubi and sports rights provide operating support. World Cup audiences and tournament content helped Fox’s free, ad-supported Tubi platform, while Fox expects to retain its NFL media rights agreement through 2029. This strengthens the company’s premium live-sports and advertising positioning. Fox NFL rights through 2029
• Positive Sentiment: Fox declared a $0.29-per-share dividend. Shareholders of record on September 2 are scheduled to receive payment on September 23, providing an additional shareholder return.
• Neutral Sentiment: Roku’s pending acquisition adds both opportunity and uncertainty. Roku reported quarterly results but provided no financial outlook because Fox has agreed to acquire the streaming company. The transaction could expand Fox’s streaming reach, but investors may remain focused on integration and deal-execution risks. Roku second-quarter results
• Negative Sentiment: Zacks Research downgraded FOXA from “strong buy” to “hold.” The call may limit some near-term upside, although it was outweighed by the company’s earnings and revenue beats.

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.