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

FOX (NASDAQ:FOXA) issued its earnings results on Wednesday. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.35, Briefing.com reports. FOX had a net margin of 11.41% and a return on equity of 18.14%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year.

FOX Price Performance

NASDAQ:FOXA opened at $65.92 on Friday. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.50 and a beta of 0.51. FOX has a 12-month low of $46.42 and a 12-month high of $76.39. The company has a current ratio of 2.78, a quick ratio of 3.03 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $71.74 and its two-hundred day moving average is $64.20.

FOX Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.28 dividend. This represents a yield of 83.0%. The ex-dividend date is Wednesday, March 4th. FOX’s dividend payout ratio is 12.58%.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported fiscal Q2 results that beat Street estimates: $0.82 EPS vs. $0.47 consensus and revenue of $5.18B vs. $5.02B expected. Management cited strength in advertising (news & sports), cable network growth and Tubi distribution — the primary catalyst supporting upside in the shares. Reuters: Fox beats estimates for quarterly revenue
• Positive Sentiment: Fox announced a $0.28 per-share dividend (record date March 4; pay date March 25). The payout supports income-oriented investors and can underpin the share price on yield-seeking flows. PR Newswire: FOX reports Q2 results & dividend
• Positive Sentiment: Several brokerages raised price targets this week: Morgan Stanley to $77 (equal weight, ~16.8% upside), Evercore ISI to $70 (in-line, ~6.2% upside), and JPMorgan to $69 (neutral, ~4.7% upside). These upgrades/raises reflect the strong quarter and help support further upside. The Fly / Benzinga: Analyst price target raises
• Neutral Sentiment: Company Q2 earnings call / transcript is available for detail on guidance, ad demand seasonality and Tubi monetization — key items investors will parse for forward earnings visibility. Yahoo Finance: FOX Q2 2026 earnings call transcript
• Neutral Sentiment: Deep-dive coverage highlights that growth was broad-based across news, sports and streaming — useful context but not new financials beyond the beat. Investors will watch whether AD growth and distribution trends sustain. Yahoo: FOX Q4 deep dive
• Negative Sentiment: Wells Fargo downgraded FOX from Overweight to Equal Weight and trimmed its target from $80 to $75. The downgrade injects near-term selling pressure despite a still-positive target, and helps explain some downward trade despite the earnings beat. MSN: Wells Fargo downgrades Fox

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on FOX from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays lowered their target price on FOX from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group raised their price target on FOX from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price objective on shares of FOX in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.07.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $59.26, for a total value of $5,926,000.00. Following the completion of the transaction, the chairman directly owned 1,100,862 shares in the company, valued at approximately $65,237,082.12. The trade was a 8.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam G. Ciongoli sold 29,897 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the sale, the insider owned 35,978 shares in the company, valued at $2,502,269.90. This trade represents a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,294 shares of company stock valued at $17,214,273 over the last 90 days. Insiders own 19.68% of the company’s stock.

Hedge Funds Weigh In On FOX

Several institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its stake in FOX by 72.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock worth $101,948,000 after buying an additional 762,645 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of FOX by 624.5% during the 2nd quarter. Lazard Asset Management LLC now owns 281,126 shares of the company’s stock worth $15,753,000 after acquiring an additional 242,321 shares during the period. California State Teachers Retirement System boosted its position in shares of FOX by 16.6% in the second quarter. California State Teachers Retirement System now owns 350,844 shares of the company’s stock worth $19,661,000 after acquiring an additional 49,963 shares during the last quarter. Marshall Wace LLP grew its holdings in FOX by 20.1% in the third quarter. Marshall Wace LLP now owns 276,831 shares of the company’s stock valued at $17,457,000 after purchasing an additional 46,261 shares during the period. Finally, Entropy Technologies LP acquired a new position in FOX during the third quarter worth approximately $639,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

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.