FOX (FOX) to Release Quarterly Earnings on Wednesday

FOX (NASDAQ:FOX) is set to release its earnings data before the market opens on Wednesday, May 8th. Parties interested in listening to the company’s conference call can do so using this link.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.11 by $0.23. The company had revenue of $4.23 billion for the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same period in the previous year, the company posted $0.48 earnings per share.

FOX Stock Performance

Shares of FOX stock opened at $29.58 on Monday. The stock has a market cap of $14.05 billion, a PE ratio of 17.50 and a beta of 0.82. FOX has a 52-week low of $25.82 and a 52-week high of $33.24. The business has a 50-day simple moving average of $27.92 and a 200-day simple moving average of $28.09. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

FOX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This is an increase from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 3.52%. FOX’s payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.

FOX Company Profile

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.