Fox Corporation (FOX) is looking forward to a strong quarter

With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.99 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $44.56 whereas the lowest price it dropped to was $44.01. The 52-week range on FOX shows that it touched its highest point at $44.42 and its lowest point at $25.82 during that stretch. It currently has a 1-year price target of $46.00. With its current market cap of 20.93 billion, FOX has annualized dividend of $0.53 while the current yield stands at 1.19%. Beta for the stock currently stands at 0.83.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FOX was up-trending over the past week, with a rise of 3.50%, but this was up by 15.73% over a month. Three-month performance surged to 16.15% while six-month performance rose 42.53%. The stock gained 56.51% in the past year, while it has gained 60.47% so far this year. A look at the trailing 12-month EPS for FOX yields 4.09 with Next year EPS estimates of 3.76. For the next quarter, that number is 0.66. This implies an EPS growth rate of 19.45% for this year and -8.14% for next year. EPS is expected to grow by 7.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.01%.

Float and Shares Shorts:

At present, 235.58 million FOX shares are outstanding with a float of 132.11 million shares on hand for trading. On 2024-10-31, short shares totaled 3.3 million, which was 72.000003 higher than short shares on 1727654400. In addition to Mr. Lachlan Keith Murdoch as the firm’s Executive Chairman & CEO, Mr. Steven Silvester Tomsic serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.54901004 of FOX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, FOX reported revenue of $3564000000.0 and operating income of $953000000.0. The EBITDA in the recently reported quarter was $1096000000.0 and diluted EPS was $1.78.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FOX since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of $3.30848 being high and $3.30848 being low. For FOX, this leads to a yearly average estimate of $3.30848.