Fox Corporation Awarded 2024 Military Friendly® Employer Designation
November 16, 2023
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Fox Corporation ($NASDAQ:FOXA) has been honored with the prestigious Military Friendly® Employer designation for 2024. This recognition is awarded to organizations that demonstrate a strong commitment to recruiting and hiring veterans and military spouses. It owns and operates the Fox broadcast network, as well as major cable networks and local television stations throughout the United States. It also owns the national sports channels FS1, FS2, Fox Deportes and Big Ten Network. Fox Corporation’s commitment to veterans and military spouses is exemplified by its robust recruiting and hiring initiatives.
The company offers numerous programs and resources to help military veterans transition into civilian careers, such as specialized job placement services, skills training, and career coaching. Fox Corporation also provides a Military Spouse Professional Network to connect military spouses with employers in the private sector. The Military Friendly® Employer designation recognizes organizations that have taken steps to ensure that military veterans and spouses receive fair and equitable employment opportunities. Fox Corporation is proud to have achieved this distinction and will continue to honor the commitment of those who have served our country by providing them with meaningful job opportunities.
Share Price
This designation honors companies that have committed to hiring and supporting members of the military community. This news resulted in FOX CORPORATION‘s stock opening at $30.2 and closing at $30.1, up by 1.7% from its prior closing price of 29.6. This marks a significant milestone for FOX CORPORATION, one that affirms its commitment to supporting the military community and those who have served. The Military Friendly® Employer designation is given to companies that demonstrate a commitment to hiring U.S. military veterans, reservists, and their families. Companies must demonstrate their commitment through a comprehensive evaluation process that includes an assessment of their recruitment, retention, and support of military personnel in a variety of ways. These include efforts to assist with transitioning into civilian life, provide career path development, and provide health benefits and other employee assistance programs.
FOX CORPORATION is dedicated to creating a workplace environment where veterans and those who serve feel valued, respected, and supported. It is committed to creating career opportunities for veterans and military spouses, providing access to quality training and development programs to ensure they have the skills and knowledge required for their roles, and providing resources to help manage the sometimes difficult transition from military to civilian life. This award reflects FOX CORPORATION’s commitment to recognizing the service of those in the military community by creating career opportunities and providing access to quality support services. As FOX CORPORATION continues in its mission to honor those who serve and protect our country, it is also committed to being an exceptional employer for its employees. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fox Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 14.93k | 1.04k | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fox Corporation. More…
| Operations | Investing | Financing |
| 1.53k | -378 | -2.27k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fox Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.65k | 10.97k | 21.38 |
Key Ratios Snapshot
Some of the financial key ratios for Fox Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | -3.1% | 11.8% |
| FCF Margin | ROE | ROA |
| 7.9% | 10.6% | 5.1% |
Analysis
Upon conducting an analysis of FOX CORPORATION’s fundamentals, GoodWhale found that it is classified as a ‘rhino’ according to our Star Chart. This type of company is one that has achieved moderate growth in revenue or earnings. With a high health score of 8/10 with regard to its cashflows and debt, FOX CORPORATION is capable of paying off debt and funding future operations. Additionally, the company is strong in assets and medium in dividend, growth, and profitability. Given these characteristics, FOX CORPORATION may be of interest to value and income investors who are looking for a moderately growing company with strong financial standings. Investors may also find FOX CORPORATION attractive if they are seeking a steady stream of income as the company has a medium dividend score. More…
Peers
Fox Corporation is an American broadcasting company headquartered in New York City. The company was founded in 1985 and is the owner of Fox News, Fox Business Network, and Fox Sports. Fox Corporation competes with Sinclair Broadcast Group, Nexstar Media Group, and DISH Network Corporation.
– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)
Sinclair Broadcast Group is one of the largest television broadcasters in the United States. The company owns or operates 193 television stations in 89 markets, reaching over 40 million households. Sinclair is dedicated to providing quality programming and broadcasting services to its viewers. The company’s return on equity is one of the highest in the industry, at 404.93%. This demonstrates Sinclair’s commitment to shareholder value and its efficient use of capital.
– Nexstar Media Group Inc ($NASDAQ:NXST)
Nexstar Media Group is one of the largest broadcasters in the United States. It owns, operates, or provides services to 171 television stations and 4,842 digital channels in 100 markets. The company also produces and distributes content through its various subsidiaries. Nexstar Media Group is headquartered in Irving, Texas.
– DISH Network Corp ($NASDAQ:DISH)
DISH Network Corporation is a holding company that offers pay-television services under the DISH brand and Sling brand in the United States. The company also provides broadband Internet, voice, and other data services to residential and commercial customers in the United States. As of December 31, 2020, DISH Network Corporation had approximately 13.3 million pay-television subscribers.
The company has a market cap of 7.39B as of 2022 and a Return on Equity of 13.13%. DISH Network Corporation is a holding company that offers pay-television services under the DISH brand and Sling brand in the United States. The company also provides broadband Internet, voice, and other data services to residential and commercial customers in the United States.
Summary
FOX Corporation (FOX) has recently earned the 2024 Military Friendly® Employer designation, highlighting its commitment to supporting veterans and military personnel. From an investment perspective, FOX is a diversified media and entertainment company with strong fundamentals and attractive growth prospects. It has a robust balance sheet with a solid liquidity position, strong cash flows, and a healthy dividend yield. The company’s portfolio of businesses offers strong organic growth potential and excellent long-term growth opportunities.
The company is also well-positioned to benefit from the increasing demand for streaming content and the growing popularity of its Fox News network. With its expanding digital offerings and its strong brand, FOX is expected to be well-positioned to capitalize on the long-term growth opportunities in the media and entertainment sector. Investors should consider FOX as an attractive option for long-term growth and value creation.
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