Brokerages expect Fox Corp (NASDAQ:FOXA) to report $3.63 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for FOX’s earnings, with estimates ranging from $3.60 billion to $3.67 billion. The business is expected to announce its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that FOX will report full year sales of $12.25 billion for the current fiscal year, with estimates ranging from $12.12 billion to $12.35 billion. For the next year, analysts forecast that the firm will report sales of $12.63 billion, with estimates ranging from $12.52 billion to $12.73 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for FOX.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. FOX had a net margin of 12.94% and a return on equity of 14.30%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm earned $0.52 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis.

A number of brokerages have recently weighed in on FOXA. Wells Fargo & Co began coverage on shares of FOX in a report on Monday, September 23rd. They issued an “underperform” rating and a $30.00 price objective for the company. BidaskClub downgraded FOX from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. Citigroup reduced their target price on FOX from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of FOX in a research note on Thursday, November 7th. Finally, Atlantic Securities downgraded FOX from an “overweight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.79.

NASDAQ FOXA traded up $0.45 during trading hours on Friday, reaching $36.26. 362,119 shares of the company were exchanged, compared to its average volume of 5,165,683. FOX has a 1 year low of $29.69 and a 1 year high of $41.95. The business’s 50 day simple moving average is $34.41 and its 200-day simple moving average is $34.40. The company has a quick ratio of 2.96, a current ratio of 3.73 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $22.52 billion and a P/E ratio of 13.77.

A number of hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY purchased a new position in shares of FOX in the 3rd quarter valued at about $1,729,000. Millennium Management LLC acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $31,589,000. Man Group plc acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $10,106,000. PointState Capital LP acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $1,164,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $5,109,000. 56.06% of the stock is currently owned by institutional investors.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

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