Wall Street analysts expect Fox Corp (NASDAQ:FOXA) to post earnings of $0.66 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FOX’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.64. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that FOX will report full year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.14 to $2.90. For the next fiscal year, analysts anticipate that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.50 to $3.45. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover FOX.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the firm posted $0.57 earnings per share. FOX’s quarterly revenue was up 5.0% compared to the same quarter last year.

Several brokerages have issued reports on FOXA. Credit Suisse Group dropped their price target on FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Evercore ISI reissued a “buy” rating and issued a $45.00 price target on shares of FOX in a research note on Thursday, August 8th. BidaskClub lowered FOX from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. Macquarie lowered FOX from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $35.00 to $30.00 in a research note on Monday. Finally, Citigroup dropped their price target on FOX from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. FOX currently has an average rating of “Hold” and a consensus price target of $43.15.

A hedge fund recently raised its stake in FOX stock. Geode Capital Management LLC lifted its position in shares of Fox Corp (NASDAQ:FOXA) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,669,016 shares of the company’s stock after purchasing an additional 860,913 shares during the quarter. Geode Capital Management LLC owned 0.74% of FOX worth $656,632,000 at the end of the most recent reporting period. Institutional investors own 54.66% of the company’s stock.

FOXA traded up $0.04 during trading on Friday, hitting $33.83. The company’s stock had a trading volume of 3,060,707 shares, compared to its average volume of 5,398,620. FOX has a twelve month low of $31.58 and a twelve month high of $41.95. The company has a quick ratio of 3.12, a current ratio of 3.78 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $34.52 and its 200-day moving average price is $37.89. The firm has a market capitalization of $21.29 billion and a P/E ratio of 12.86.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 3rd. FOX’s payout ratio is 17.49%.

About FOX

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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Earnings History and Estimates for FOX (NASDAQ:FOXA)

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