Seaport Res Ptn Has Strong Estimate for FOX FY2026 Earnings

Fox Co. (NASDAQ:FOXA) – Investment analysts at Seaport Res Ptn lifted their FY2026 earnings estimates for FOX in a report released on Tuesday, May 13th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $5.31 for the year, up from their previous forecast of $4.95. The consensus estimate for FOX’s current full-year earnings is $4.38 per share.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share.

Other analysts have also issued reports about the stock. UBS Group increased their price target on shares of FOX from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price target on shares of FOX from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cfra Research raised shares of FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. Finally, Morgan Stanley increased their price target on shares of FOX from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.71.

FOX Price Performance

NASDAQ FOXA opened at $56.08 on Thursday. The company has a 50 day simple moving average of $51.34 and a 200-day simple moving average of $50.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. FOX has a 52-week low of $32.50 and a 52-week high of $58.74.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 21.77% of the company’s stock.

Hedge Funds Weigh In On FOX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new position in FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. increased its position in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the fourth quarter worth $28,000. Hemington Wealth Management increased its position in FOX by 217.6% during the first quarter. Hemington Wealth Management now owns 524 shares of the company’s stock worth $29,000 after acquiring an additional 359 shares during the period. Finally, Jones Financial Companies Lllp increased its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

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.