S&P 500 slumps as jobs data stoke economic concerns offsetting Fed rate cut bets
Fox Corp Class A stock reached an all-time high of 60.25 USD, marking a significant milestone for the company. According to InvestingPro data, the company boasts a perfect Piotroski Score of 9, indicating strong financial health, and currently trades at an attractive P/E ratio of 12. This achievement underscores a robust performance over the past year, with the stock appreciating by 46.72%. The surge in stock price reflects investor confidence and the company’s strategic initiatives that have driven growth, evidenced by impressive revenue growth of 16.6% and an overall "GREAT" financial health rating from InvestingPro. As the stock hits this new peak, market analysts are closely watching Fox Corp’s next moves and potential for continued upward momentum. Based on InvestingPro’s Fair Value analysis, the stock appears to be fairly valued at current levels. Discover 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Fox Corporation reported impressive fourth-quarter fiscal 2025 results, with adjusted earnings per share reaching $1.27, significantly surpassing analyst estimates of $0.99. The company’s revenue also exceeded expectations, totaling $3.29 billion against a forecast of $3.12 billion. This marks a 6% increase in total quarterly revenues compared to the previous year, driven largely by a 7% growth in advertising revenues. The growth was attributed to the digital expansion of the Tubi AVOD service and stronger news ratings and pricing. Additionally, affiliate fee revenues saw a 3% rise, with the Television segment growing by 4% and the Cable Network Programming segment increasing by 2%. In a separate development, Fox Corporation and ESPN announced a new bundled streaming package, set to launch on October 2, offering sports fans content from both platforms for $39.99 per month. This collaboration will include coverage of major sports leagues and events, enhancing the offerings available to subscribers.
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