Liberty Media Formula One Series A (FWONA) Announces Quarterly Earnings Results

Liberty Media Formula One Series A (NASDAQ:FWONA) issued its quarterly earnings data on Thursday. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.09), Fidelity Earnings reports. Liberty Media Formula One Series A had a negative net margin of 8.21% and a negative return on equity of 0.67%. The business had revenue of $246.00 million during the quarter.

Shares of NASDAQ:FWONA traded down $0.47 during trading on Friday, reaching $37.60. The stock had a trading volume of 60,548 shares, compared to its average volume of 73,395. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $8.69 billion, a PE ratio of -57.85 and a beta of 1.03. Liberty Media Formula One Series A has a 1-year low of $26.63 and a 1-year high of $38.43.

In other news, insider Richard N. Baer sold 19,988 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $41.51, for a total value of $829,701.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently issued reports on FWONA shares. Macquarie reaffirmed a “buy” rating and issued a $43.00 price target on shares of Liberty Media Formula One Series A in a research note on Tuesday, April 16th. Pivotal Research reaffirmed a “buy” rating and issued a $43.00 price target on shares of Liberty Media Formula One Series A in a research note on Friday, March 1st. Zacks Investment Research raised Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, ValuEngine raised Liberty Media Formula One Series A from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Liberty Media Formula One Series A has an average rating of “Buy” and an average target price of $40.60.

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About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Earnings History for Liberty Media Formula One Series A (NASDAQ:FWONA)

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