Formula One Group (FWONA) to Release Earnings on Thursday

Formula One Group (NASDAQ:FWONA) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Formula One Group to post earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Formula One Group (NASDAQ:FWONA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.24). The firm had revenue of $853.00 million during the quarter, compared to analyst estimates of $1.04 billion. On average, analysts expect Formula One Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Formula One Group Stock Performance

NASDAQ FWONA opened at $75.17 on Wednesday. Formula One Group has a 52-week low of $55.25 and a 52-week high of $76.25. The business has a 50 day simple moving average of $71.84 and a 200 day simple moving average of $68.73. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 70.92 and a beta of 0.05.

Insiders Place Their Bets

In related news, Director Andrea L. Wong sold 1,604 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total value of $76,045.64. Following the completion of the transaction, the director now owns 5,274 shares of the company’s stock, valued at approximately $250,040.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Renee L. Wilm sold 19,202 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $78.78, for a total value of $1,512,733.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea L. Wong sold 1,604 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.41, for a total transaction of $76,045.64. Following the sale, the director now directly owns 5,274 shares in the company, valued at $250,040.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,817 shares of company stock valued at $2,327,591 in the last quarter.

Analyst Ratings Changes

Separately, Benchmark upped their target price on shares of Formula One Group from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Formula One Group Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.