Formula One Group (FWONA) Scheduled to Post Earnings on Thursday

Formula One Group (NASDAQ:FWONA) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Formula One Group to post earnings of $0.31 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Formula One Group (NASDAQ:FWONA) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). The company had revenue of $853.00 million during the quarter, compared to analysts’ expectations 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 Down 0.6 %

Shares of NASDAQ FWONA opened at $74.71 on Thursday. The stock has a market cap of $17.56 billion, a PE ratio of 54.53 and a beta of 0.09. 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 moving average price of $71.48 and a 200 day moving average price of $68.26.

Analysts Set New Price Targets

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

Insider Transactions at Formula One Group

In related news, Director Andrea L. Wong sold 1,604 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 directly owns 5,274 shares of the company’s stock, valued at $250,040.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Renee L. Wilm sold 19,202 shares of the firm’s 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 can be accessed through this hyperlink. Also, Director Andrea L. Wong sold 1,604 shares of the firm’s stock in a transaction that occurred 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 directly owns 5,274 shares of the company’s stock, valued at $250,040.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,817 shares of company stock valued at $2,327,591. Corporate insiders own 4.83% of the company’s stock.

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.