Liberty Media Corporation – Liberty Formula One Series A (FWONA) Set to Post Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is projected to issue its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.5620 per share and revenue of $1.24 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $954.37 million.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

NASDAQ FWONA opened at $87.84 on Wednesday. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 127.57 and a beta of 0.52. The firm has a 50 day simple moving average of $86.77 and a 200-day simple moving average of $84.43. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $98.79.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FWONA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Guggenheim raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $114.67.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.