FOX (NASDAQ:FOX) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

FOX (NASDAQ:FOX) announced its earnings results on Tuesday. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.61 by $0.35, RTT News reports. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the previous year, the business earned $0.34 earnings per share.

FOX Stock Up 4.6 %

FOX stock opened at $51.44 on Tuesday. The company has a market cap of $23.49 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. 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 twelve month low of $25.82 and a twelve month high of $52.54. The business’s 50-day simple moving average is $45.83 and its 200 day simple moving average is $40.90.

FOX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. FOX’s dividend payout ratio (DPR) is presently 13.20%.

Wall Street Analysts Forecast Growth

FOX has been the topic of several research analyst reports. Barclays raised FOX to a “hold” rating in a research note on Wednesday, October 9th. Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.