Formula One Group (FWONA) to Release Earnings on Thursday

Formula One Group (NASDAQ:FWONA) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Formula One Group to post earnings of $0.43 per share and revenue of $1.37 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Formula One Group Price Performance

Shares of FWONA stock opened at $87.34 on Wednesday. The stock has a market capitalization of $21.72 billion, a PE ratio of 75.95 and a beta of 0.14. The business’s 50 day simple moving average is $86.85 and its 200 day simple moving average is $78.58. Formula One Group has a one year low of $57.43 and a one year high of $95.33.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FWONA. Wells Fargo & Company started coverage on Formula One Group in a research note on Monday. They issued an “underweight” rating and a $83.00 price objective on the stock. Seaport Res Ptn downgraded shares of Formula One Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Benchmark reiterated a “buy” rating and set a $81.00 target price on shares of Formula One Group in a research report on Thursday, November 14th.

Insider Activity at Formula One Group

In other Formula One Group news, CEO Gregory B. Maffei sold 35,463 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $71.53, for a total value of $2,536,668.39. Following the transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at approximately $88,753,351.05. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.83% of the stock is currently owned by corporate insiders.

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.