36.92 0.00 (0.00%)
After hours: 4:37PM EDT
|Bid||36.75 x 1100|
|Ask||38.55 x 2200|
|Day's Range||36.85 - 37.20|
|52 Week Range||35.90 - 51.27|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.21|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Alexia Quadrani of J.P. Morgan joins CNBC's "Closing Bell" to discuss the major media names as the companies host their upfront presentations.
Dodge & Cox, which manages six no-load mutual funds, bought shares of the following stocks during the first quarter. The guru added 22.38% to its FedEx Corp. (FDX) position. The trade had an impact of 0.53% on the portfolio.
Over a five-day stretch this month, ESPN and Fox Sports took their biggest steps in the sports gambling space.
According to Baupost's 13F filing with the Securities and Exchange Commission, the first quarter of 2019 was a relatively busy period for Seth Klarman (Trades, Portfolio). Warning! GuruFocus has detected 4 Warning Signs with EBAY. What's really interesting about this position is that Klarman built it relatively quickly.
While value investors continue to read through Seth Klarman (Trades, Portfolio)'s most recent partnership letter, others are tracking his latest filings to see what the guru has deemed worthy of buying. Warning! GuruFocus has detected 3 Warning Sign with CDAY.
Take a look at the world's top 10 entertainment companies, spanning the movie, television, cable television, gaming, and streaming video sectors.
Fox Corp. (FOX)(FOXA), which was formed in March following The Walt Disney Co.'s (DIS) acquisition of the majority of 21st Century Fox, held an investor day event on May 9. What remains at Fox following the Disney deal is the television business (the eponymous broadcast network and 28 television stations) as well as a few cable channels (primarily Fox News, Fox Business and Fox Sports). Warning! GuruFocus has detected 4 Warning Signs with GRBK.
Last week showed two of the routes sports media companies can take when it comes to legalized gambling. Disney, which owns ESPN, is content to produce gambling-related content, but “I don’t see the Walt Disney Co., certainly in the near term, getting involved in the business of sports gambling,” Disney Chairman and CEO Bob Iger said during his company’s second-quarter conference call. Fox Sports, though, has decided it wants to get into the business of gambling.
Fox Corp Class A (NASDAQ: FOXA )'s third-quarter print brought no big surprises, and the investor day held Thursday was broadly in-line with expectations, according to BMO Capital Markets. The Analyst ...
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Disney's (DIS) future as the company embarks on its streaming TV journey to challenge Netflix (NFLX) and Amazon Prime (AMZN).
Moody's Investors Service ("Moody's") says The Walt Disney Company ("Disney") (A2, stable) and Comcast Corporation ("Comcast") (A3, stable) announced an agreement entering into a "put/call" arrangement regarding Comcast's wholly owned subsidiary NBCUniversal Enterprise, Inc.'s ("NBCUniversal") 33% ownership interest in Hulu. In addition, Disney will assume full operational control of Hulu.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he would hold off for now from Village Farms International Inc (NASDAQ: VFF ). He is not a buyer of Sailpoint Technologies Holdings Inc ...
Fox (NASDAQ:FOXA) reported its first quarterly results since its $71.3 billion entertainment division asset sale closed and investors liked what they saw. Fox stock got a nice initial boost on the news.Source: FoxNet income rose 16 percent to $529 million, or 86 cents per share, compared with $457 million, or 76 cents, a year earlier. Revenue gained 12 percent to $2.75 billion, helped by gains in advertising and affiliate fees. On an adjusted basis, FOXA earned 76 cents, beating the average forecast of Wall Street analysts that called for earnings per share of 67 cents. Forecasts called for sales of $2.7 billion. InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Our first quarterly results as Fox Corporation demonstrate the strength of our businesses as we delivered strong top-line growth across our operating segments and across our key revenue categories," CEO Lachlan Murdoch said in a press release. * 7 Cloud Stocks to Buy on Overcast Days Strong Start for Fox StockThe company's Cable Network Programming reported revenue of $1.38 billion, an increase of 4% from the year-earlier period, as segment EBITDA rose 7% to $741 million. Advertising revenue in the business rose 4%, spurred by higher digital sales at Fox News and stronger ratings at its FS1 sports channel. These results indicate that the advertiser boycotts organized by Fox News critics aren't seriously hurting the company's bottom line. Fox News finished April as the most-watched basic cable channel for the 34th straight month. The company will make a ton of money on the 2020 presidential election which is shaping up to be the nastiest in recent memory.Thanks to an additional NFL playoff game and higher ratings at Fox Entertainment spurred by "The Masked Singer," advertising revenue at FOXA's Television business rose 10 percent. The division, which includes the Fox broadcast network and its 28 local television stations, also benefitted from a 29 percent increase in affiliate revenue. Sales overall rose 20 percent to $1.37 billion while segment EBITDA surged 22 percent to $99 million. Fox Stock Has an Attractive ValuationMedia tycoon Rupert Murdoch, who controls FOXA through a dual-class stock ownership structure, is unpredictable. Many in the media world still are shocked that he decided to sell off a good portion of the media empire that he spent decades acquiring. The jury is still out if he made the right call.Though his son Lachlan is Fox's chairman and chief executive officer, Rupert Murdoch's presence looms large over the company and affects the value of FOXA stock. The shares trade at five times last year's earnings and 16 times this year's earnings. Wall Street analysts have an average 52-week price target on FOXA stock of $51, a potential upside of more than 34 percent. Investors should add FOXA to their portfolios because the stock won't stay cheap forever.The good news for FOXA continued when Lachlan Murdoch indicated that the company had no interest in reuniting with its former corporate sibling News Corp. (NASDAQ:NWSA), the corporate parent of Murdoch's publishing assets. This announcement is good news for shareholders since a deal, which Rupert Murdoch had hinted in the past was a possibility, would have been a wrong move.Jonathan Berr doesn't own shares of any of the companies listed in this post. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Earnings Moved Fox Stock, but It Still Has Plenty of Room to Run appeared first on InvestorPlace.
In a show of how Americans are increasingly able to bet legally on sports, a big Heartland state became the second this year and the 10th overall to legalize sports betting. On Wednesday, Indiana Gov. Eric Holcomb signed legislation legalizing sports betting, adding to a growing list of states where sportsbooks — usually in casinos or racetracks — can offer bets on professional and college sports. Holcomb’s signature moves sports betting into the Heartland, erasing any remaining questions about whether the legal bookie industry could gain a foothold in conservative areas with strong anti-gambling constituencies.
News Corp (NWSA) retains positive earnings surprise trend in the third quarter. Sturdy performance across Book Publishing and Subscription Video Services segments contributed to the company's results.
(Reuters) - Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units. Trying ...
Stocks that moved substantially or traded heavily on Thursday: Stamps.com Inc., down $46.49 to $36.90 The online postage provider slashed its full-year profit forecast because of contract changes between ...
U.S. stocks bounce back from intraday lows Thursday but the S&P 500 and the Nasdaq finished lower for a fourth session as trade tensions ramped up after U.S. President Donald Trump threatened tariff retaliation on China, which he claims “broke the deal”.