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

FOX (NASDAQ:FOXA) released its earnings results on Thursday. The company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.35, Briefing.com reports. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share.

FOX Stock Performance

Shares of NASDAQ FOXA traded up $2.24 during midday trading on Friday, hitting $64.03. 6,692,737 shares of the company’s stock were exchanged, compared to its average volume of 4,495,390. The company has a quick ratio of 2.65, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. FOX has a 12 month low of $48.34 and a 12 month high of $76.39. The company’s 50 day moving average price is $57.49 and its 200 day moving average price is $60.70. The firm has a market capitalization of $26.90 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.54.

FOX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a $0.29 dividend. This represents a dividend yield of 94.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. FOX’s dividend payout ratio (DPR) is presently 14.78%.

Institutional Investors Weigh In On FOX

A number of large investors have recently added to or reduced their stakes in the business. FWL Investment Management LLC bought a new position in FOX during the third quarter worth $26,000. CYBER HORNET ETFs LLC bought a new position in shares of FOX in the second quarter valued at about $35,000. Quantbot Technologies LP bought a new position in shares of FOX in the third quarter valued at about $51,000. Geneos Wealth Management Inc. raised its position in shares of FOX by 205.6% in the first quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock valued at $52,000 after purchasing an additional 621 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of FOX by 27.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,062 shares of the company’s stock worth $67,000 after buying an additional 229 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly results exceeded expectations. Fox reported fiscal Q4 revenue of $4.21 billion, up 28.1% year over year and above the $3.64 billion consensus estimate. Adjusted EPS was $1.79, beating estimates ranging from $1.34 to $1.44 and increasing from $1.27 a year earlier. Fox fiscal 2026 results
• Positive Sentiment: World Cup significantly boosted advertising. FIFA Men’s World Cup coverage helped drive a 78% increase in advertising revenue, while total revenue, net income and adjusted EBITDA reached $4.21 billion, $696 million and $1.20 billion, respectively. Management’s commentary also supports optimism for fiscal 2027. Fox advertising and Tubi World Cup growth
• Positive Sentiment: Tubi and sports rights provide operating support. World Cup audiences and tournament content helped Fox’s free, ad-supported Tubi platform, while Fox expects to retain its NFL media rights agreement through 2029. This strengthens the company’s premium live-sports and advertising positioning. Fox NFL rights through 2029
• Positive Sentiment: Fox declared a $0.29-per-share dividend. Shareholders of record on September 2 are scheduled to receive payment on September 23, providing an additional shareholder return.
• Neutral Sentiment: Roku’s pending acquisition adds both opportunity and uncertainty. Roku reported quarterly results but provided no financial outlook because Fox has agreed to acquire the streaming company. The transaction could expand Fox’s streaming reach, but investors may remain focused on integration and deal-execution risks. Roku second-quarter results
• Negative Sentiment: Zacks Research downgraded FOXA from “strong buy” to “hold.” The call may limit some near-term upside, although it was outweighed by the company’s earnings and revenue beats.

Analysts Set New Price Targets

Several brokerages have commented on FOXA. Evercore set a $73.00 price target on shares of FOX in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on FOX from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Wolfe Research raised FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 target price on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company dropped their target price on FOX from $71.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, July 6th. Finally, Barclays reduced their price target on FOX from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.56.

About FOX

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.