Currently, there are 262.90M common shares owned by the public and among those 229.25M shares have been available to trade.
The company’s stock has a 5-day price change of 1.02% and 19.20% over the past three months. FOXA shares are trading 30.81% year to date (YTD), with the 12-month market performance up to 17.39% higher. It has a 12-month low price of $28.28 and touched a high of $38.55 over the same period. FOXA has an average intraday trading volume of 2.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.25%, 10.28%, and 22.14% respectively.
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Institutional ownership of Fox Corporation (NASDAQ: FOXA) shares accounts for 55.21% of the company’s 262.90M shares outstanding.
It has a market capitalization of $18.11B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 12.15, while the earnings-per-share (ttm) stands at $3.19. The company has a PEG of 0.90 and a Quick Ratio of 2.94 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 2.04% over the month.
Analysts forecast that Fox Corporation (FOXA) will achieve an EPS of 0.81 for the current quarter, 1.18 for the next quarter and 3.8 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.72 while analysts give the company a high EPS estimate of 0.72. Comparatively, EPS for the current quarter was 0.88 a year ago. Earnings per share for the fiscal year are expected to increase by 9.31%, and -0.60% over the next financial year. EPS should grow at an annualized rate of 13.51% over the next five years, compared to -7.92% over the past 5-year period.
Looking at the support for the FOXA, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on June 25, 2024, with the firm’s price target at $42. BofA Securities coverage for the Fox Corporation (FOXA) stock in a research note released on May 09, 2024 offered a Buy rating with a price target of $40. Seaport Research Partners was of a view on April 05, 2024 that the stock is Buy, while Citigroup gave the stock Buy rating on February 23, 2024, issuing a price target of $34- $35. Wolfe Research on their part issued Peer Perform rating on January 04, 2024.
