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Fox Corp Class A stock has reached an all-time high, touching 67.22 USD. This milestone reflects a notable 44.62% increase over the past year, underscoring the company’s robust performance in a competitive market. With a perfect Piotroski Score of 9 according to InvestingPro data, Fox demonstrates exceptional financial strength. The company’s strong revenue growth of 14.91% in the last twelve months further validates its market momentum. The stock’s ascent to this new peak highlights investor confidence and the company’s strategic initiatives that have resonated well with the market. Trading at a P/E ratio of 14.99 and boasting an overall financial health rating of "GREAT," Fox Corp has consistently rewarded shareholders by raising its dividend for 5 consecutive years. As Fox Corp continues to navigate industry challenges, this achievement marks a significant moment in its market trajectory.Want deeper insights? InvestingPro offers 8 more exclusive tips on Fox Corp, including valuation analysis and industry comparisons. Their comprehensive Pro Research Report transforms complex Wall Street data into actionable intelligence for smarter investing decisions on Fox and 1,400+ other top stocks.
In other recent news, FOX Corp. reported impressive fiscal first-quarter results, surpassing expectations with an adjusted earnings per share (EPS) of $1.51, which was $0.41 higher than consensus estimates. The company also achieved revenue of $3.74 billion, reflecting a 5% year-over-year growth and exceeding projections of $3.57 billion. The strong performance led CFRA to raise its price target for FOX to $73 while maintaining a Buy rating. UBS followed suit, increasing its price target to $76, also maintaining a Buy rating, citing the robust advertising market as a key factor. FOX’s management highlighted the strength of the current advertising market, with total advertising revenue increasing by 6% despite challenges in political advertising and cable news ratings. Additionally, total distribution grew by 3% year-over-year in the fiscal first quarter. These developments underscore FOX’s solid financial position and the positive sentiment among analysts regarding its future performance.
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