Fox Corporation (FOXA)
- Previous Close
33.16 - Open
33.77 - Bid 33.30 x 600
- Ask 33.35 x 400
- Day's Range
33.21 - 34.15 - 52 Week Range
28.28 - 35.40 - Volume
4,175,507 - Avg. Volume
3,262,350 - Market Cap (intraday)
14.953B - Beta (5Y Monthly) 0.78
- PE Ratio (TTM)
10.51 - EPS (TTM)
3.17 - Earnings Date Aug 6, 2024 - Aug 12, 2024
- Forward Dividend & Yield 0.52 (1.56%)
- Ex-Dividend Date Mar 5, 2024
- 1y Target Est
37.05
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 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. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and power broadcast television stations including duopolies and other digital platform; and engages in production of content for company and third parties. Other, Corporate and Eliminations segment comprises the FOX Studio Lot which provides television and film production services including office space, studio operation services, and facility operations; and Credible, a U.S. consumer finance marketplace. The company was incorporated in 2018 and is headquartered in New York, New York.
www.foxcorporation.com10,400
Full Time Employees
June 30
Fiscal Year Ends
Sector
Industry
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Performance Overview: FOXA
Trailing total returns as of 5/9/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: FOXA
Valuation Measures
Market Cap
14.96B
Enterprise Value
19.31B
Trailing P/E
10.52
Forward P/E
9.08
PEG Ratio (5yr expected)
1.14
Price/Sales (ttm)
1.17
Price/Book (mrq)
1.47
Enterprise Value/Revenue
1.39
Enterprise Value/EBITDA
6.55
Financial Highlights
Profitability and Income Statement
Profit Margin
11.19%
Return on Assets (ttm)
6.81%
Return on Equity (ttm)
14.99%
Revenue (ttm)
13.92B
Net Income Avi to Common (ttm)
1.56B
Diluted EPS (ttm)
3.17
Balance Sheet and Cash Flow
Total Cash (mrq)
3.79B
Total Debt/Equity (mrq)
65.87%
Levered Free Cash Flow (ttm)
767.88M
Research Analysis: FOXA
Company Insights: FOXA
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Research Reports: FOXA
Fox Earnings: Relatively Good Results Yet Again, but Long-Term Risk Remains
Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 28 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.
RatingPrice TargetFox and AMC Networks: Removing Moats Amid a Challenged Media Industry, but We Still See Value
Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 28 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.
RatingPrice TargetMaintaining HOLD after fiscal 2Q24 results
Fox Corp. produces and distributes news, sports and entertainment programming through its U.S. domestic cable and broadcast television networks, including owned and affiliated local television stations. Fox network brands include FOX News, FOX Sports, and The FOX Network. Fox changed its name from Twenty-First Century Fox when it divested certain assets, including its film and television studios, cable entertainment networks, U.S. regional sports networks, and international sports and entertainment television distribution businesses, to Disney on March 20, 2019. Founder Rupert Murdoch and the Murdoch family trust retain a nearly 40% controlling interest in the company.
RatingPrice TargetWe've seen growing evidence of rotation away from mega-cap tech. Indeed, even
We've seen growing evidence of rotation away from mega-cap tech. Indeed, even a textbook 'impressive' beat can lead to a 'sell the news' reaction for these stocks. Betting on more near-term upside from these stocks, no matter what they report, is a tough technical game as they all have extreme 14-day and 14-week Relative Strength Index (RSI) readings in the high 70s to mid-80s.