FOX (FOX) Expected to Announce Earnings on Tuesday

FOX (NASDAQ:FOX) is expected to be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect FOX to post earnings of $0.61 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.35. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.37 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Stock Performance

FOX traded down $0.15 during trading on Tuesday, hitting $47.55. 366,323 shares of the company traded hands, compared to its average volume of 993,409. The firm has a market cap of $21.72 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The stock’s fifty day moving average is $45.49 and its 200 day moving average is $40.51. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. FOX has a one year low of $25.82 and a one year high of $48.06.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FOX shares. Barclays upgraded shares of FOX to a “hold” rating in a research report on Wednesday, October 9th. Moffett Nathanson lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 directly owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,053,505 shares of company stock valued at $47,705,970. 23.06% of the stock is currently owned by corporate insiders.

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.