FOX (NASDAQ:FOXA) Announces Quarterly Earnings Results

FOX (NASDAQ:FOXA) posted its quarterly earnings data on Thursday. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35, Briefing.com reports. FOX had a return on equity of 20.64% and a net margin of 9.84%.The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm posted $1.27 EPS. The business’s revenue was up 28.1% on a year-over-year basis.

FOX Stock Up 3.6%

FOX stock traded up $2.24 during mid-day trading on Friday, hitting $64.03. The company had a trading volume of 6,692,737 shares, compared to its average volume of 4,495,390. FOX has a 12 month low of $48.34 and a 12 month high of $76.39. The company 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. The stock’s 50 day moving average price is $57.49 and its two-hundred day moving average price is $60.70. The company has a current ratio of 3.17, a quick ratio of 2.65 and a debt-to-equity ratio of 0.56.

FOX Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a $0.29 dividend. This represents a yield of 94.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. FOX’s payout ratio is 14.78%.

Wall Street Analyst Weigh In

FOXA has been the subject of several research reports. Evercore set a $73.00 target price on 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 research report on Tuesday, May 12th. Seaport Research Partners restated a “neutral” rating on shares of FOX in a report on Friday. Wolfe Research raised shares of 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. Finally, Barclays decreased their price target on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, FOX currently has an average rating of “Hold” and a consensus target price of $73.56.

Hedge Funds Weigh In On FOX

A number of hedge funds have recently bought and sold shares of FOXA. Parallel Advisors LLC boosted its holdings in FOX by 9.2% in the 3rd quarter. Parallel Advisors LLC now owns 2,532 shares of the company’s stock valued at $160,000 after purchasing an additional 214 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings 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. Captrust Financial Advisors increased its holdings in shares of FOX by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 5,597 shares of the company’s stock worth $314,000 after buying an additional 327 shares during the last quarter. FWL Investment Management LLC purchased a new stake in shares of FOX during the 3rd quarter valued at approximately $26,000. Finally, United Capital Financial Advisors LLC raised its position in shares of FOX by 8.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 5,609 shares of the company’s stock valued at $354,000 after buying an additional 443 shares during the period. Institutional investors own 52.52% of the company’s stock.

Key Stories Impacting FOX

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.

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.