Q2 2023 EPS Estimates for Fox Co. (NASDAQ:FOXA) Decreased by Analyst

Fox Co. (NASDAQ:FOXA – Get Rating) – Investment analysts at KeyCorp cut their Q2 2023 earnings estimates for FOX in a research report issued on Tuesday, January 17th. KeyCorp analyst B. Nispel now expects that the company will earn $0.59 per share for the quarter, down from their prior forecast of $0.65. The consensus estimate for FOX’s current full-year earnings is $3.55 per share. KeyCorp also issued estimates for FOX’s FY2023 earnings at $3.73 EPS.

A number of other research analysts also recently weighed in on the stock. Credit Suisse Group lowered their price objective on shares of FOX from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 2nd. Royal Bank of Canada decreased their price target on shares of FOX from $46.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Rosenblatt Securities increased their price target on shares of FOX from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. Guggenheim decreased their price target on shares of FOX from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, January 5th. Finally, Loop Capital downgraded shares of FOX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $34.00 in a research report on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.13.

FOX Stock Up 0.8 %

Shares of FOX stock opened at $31.56 on Friday. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. The company’s 50 day moving average is $31.14 and its 200 day moving average is $32.11. FOX has a twelve month low of $28.01 and a twelve month high of $44.95. The company has a quick ratio of 3.16, a current ratio of 3.60 and a debt-to-equity ratio of 0.62.

FOX (NASDAQ:FOXA – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. FOX had a net margin of 7.85% and a return on equity of 14.24%.

Hedge Funds Weigh In On FOX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Glenview Trust Co lifted its holdings in shares of FOX by 4.8% in the 2nd quarter. Glenview Trust Co now owns 7,261 shares of the company’s stock worth $234,000 after acquiring an additional 332 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of FOX by 3.1% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,983 shares of the company’s stock worth $337,000 after acquiring an additional 334 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of FOX by 5.4% in the 2nd quarter. Empirical Finance LLC now owns 6,656 shares of the company’s stock worth $214,000 after acquiring an additional 343 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of FOX by 0.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 57,754 shares of the company’s stock worth $1,857,000 after acquiring an additional 357 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of FOX by 9.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,480 shares of the company’s stock worth $144,000 after acquiring an additional 405 shares during the last quarter. 55.65% of the stock is owned by hedge funds and other institutional investors.

FOX Company Profile

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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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.