Liberty Media Corporation - Liberty Formula One Series A (FWONA) Expected to Announce Earnings on Thursday

Key Points

• Liberty Media Corporation - Liberty Formula One Series A is set to announce its quarterly earnings on Thursday, August 7th, with projections of $0.52 earnings per share and $1.28 billion in revenue.
• The company's stock has shown a 1.3% increase recently, opening at $92.08 with a market cap of $22.97 billion and a 52-week price range of $66.26 to $96.40.
• After a recent insider sale by Director Chase Carey, the company's corporate insiders now hold approximately 2.97% of the stock, indicating a significant transaction of $9.6 million in shares sold.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect Liberty Media Corporation - Liberty Formula One Series A to post earnings of $0.52 per share and revenue of $1.28 billion for the quarter.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $440.80 million. On average, analysts expect Liberty Media Corporation - Liberty Formula One Series A to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

Shares of NASDAQ:FWONA traded up $1.13 on Monday, hitting $89.95. 25,124 shares of the company's stock were exchanged, compared to its average volume of 106,148. The firm's 50-day moving average is $91.21 and its 200 day moving average is $86.00. The company has a market capitalization of $22.44 billion, a PE ratio of -225.23 and a beta of 0.52. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $66.26 and a 1-year high of $96.40.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series A

In other news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director directly owned 93,102 shares of the company's stock, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim upped their price objective on Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Susquehanna assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, April 28th. They set a "positive" rating and a $115.00 price objective for the company. Sanford C. Bernstein assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They set a "market perform" rating and a $105.00 price objective for the company. Finally, Benchmark reaffirmed a "buy" rating and set a $102.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

About Liberty Media Corporation - Liberty Formula One Series A

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.