FOX (FOX) to Release Earnings on Tuesday

FOX (NASDAQ:FOX) will be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter. FOX had a net margin of 11.19% and a return on equity of 15.90%. The company had revenue of $3.45 billion during the quarter. On average, analysts expect FOX to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Stock Up 1.0 %

NASDAQ FOX traded up $0.34 during trading on Tuesday, hitting $35.53. 165,374 shares of the company traded hands, compared to its average volume of 1,155,998. FOX has a 12 month low of $25.82 and a 12 month high of $35.60. The business has a fifty day simple moving average of $32.37 and a 200 day simple moving average of $29.83. The company has a market capitalization of $16.58 billion, a P/E ratio of 11.11, a PEG ratio of 5.66 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares in the company, valued at $43,519,747.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the transaction, the chairman now directly owns 1,408,862 shares in the company, valued at $43,519,747.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The disclosure for this sale can be found here. Insiders own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.