Seaport Res Ptn Has Pessimistic View of FOX FY2025 Earnings

Fox Co. (NASDAQ:FOXA) – Stock analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for FOX in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn $3.21 per share for the year, down from their previous estimate of $3.46. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for FOX’s current full-year earnings is $3.69 per share.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.12 by $0.33. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis.

Other analysts have also issued reports about the company. Barclays lifted their price target on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group raised their price objective on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. Rosenblatt Securities increased their target price on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Evercore ISI raised their target price on FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.00.

FOX Trading Up 4.3 %

NASDAQ:FOXA opened at $45.48 on Wednesday. FOX has a 52 week low of $28.28 and a 52 week high of $45.82. The firm has a 50-day moving average price of $41.53 and a two-hundred day moving average price of $37.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76.

Hedge Funds Weigh In On FOX

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of FOX by 5.9% in the first quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company’s stock worth $934,354,000 after acquiring an additional 1,653,913 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock worth $635,706,000 after buying an additional 597,450 shares during the last quarter. LSV Asset Management grew its holdings in shares of FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after buying an additional 481,267 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after buying an additional 268,778 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of FOX by 25.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock valued at $83,208,000 after acquiring an additional 492,467 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

Insider Activity at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 335,355 shares of company stock valued at $14,244,865. Insiders own 21.77% of the company’s stock.

FOX Company Profile

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.