Liberty Media Corporation - Liberty Formula One Series C (FWONK) to Release Quarterly Earnings on Thursday

Key Points

• Liberty Media Corporation - Liberty Formula One Series C is set to release its quarterly earnings on August 7th, with analysts predicting earnings of $0.89 per share and revenue of $1.28 billion.
• The company's stock opened at $102.58, with a market capitalization of $25.59 billion and a high of $106.26 over the past year.
• Equities analysts have given a consensus rating of "Moderate Buy" for the stock, with target prices varying from $107.00 to $120.00 based on recent ratings changes.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, August 7th. Analysts expect Liberty Media Corporation - Liberty Formula One Series C to post earnings of $0.89 per share and revenue of $1.28 billion for the quarter.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.23. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $440.80 million. On average, analysts expect Liberty Media Corporation - Liberty Formula One Series C to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $102.58 on Thursday. Liberty Media Corporation - Liberty Formula One Series C has a 52-week low of $72.69 and a 52-week high of $106.26. The company has a 50-day simple moving average of $100.85 and a two-hundred day simple moving average of $94.21. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of -256.45 and a beta of 0.47.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Rosenblatt Securities increased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Guggenheim raised their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.25.

Insiders Place Their Bets

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Chase Carey sold 50,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the transaction, the director owned 93,102 shares in the company, valued at $8,807,449.20. The trade was a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.31% of the stock is owned by company insiders.

Liberty Media Corporation - Liberty Formula One Series C 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.

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