FOX (NASDAQ:FOX) Posts Earnings Results, Beats Expectations By $0.35 EPS

FOX (NASDAQ:FOX) posted its quarterly earnings data on Tuesday. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.35, RTT News reports. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same quarter in the previous year, the business posted $0.34 earnings per share.

FOX Stock Performance

Shares of FOX opened at $51.44 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $45.83 and its two-hundred day moving average is $40.90. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.76 and a beta of 0.82. FOX has a 52-week low of $25.82 and a 52-week high of $52.54.

FOX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. FOX’s payout ratio is currently 13.20%.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FOX. Moffett Nathanson downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Barclays raised shares of FOX to a “hold” rating in a research note on Wednesday, October 9th.

About FOX

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.