FOX (NASDAQ:FOX) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

FOX (NASDAQ:FOX) released its earnings results on Monday. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.18, Zacks reports. FOX had a net margin of 14.39% and a return on equity of 18.50%.

FOX Price Performance

FOX traded up $2.47 on Monday, reaching $49.19. The company had a trading volume of 226,653 shares, compared to its average volume of 1,234,577. The business has a 50 day simple moving average of $47.64 and a 200 day simple moving average of $46.82. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. FOX has a 52-week low of $30.10 and a 52-week high of $55.00.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Moffett Nathanson downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

About FOX

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.