Liberty Media Formula One Series C (NASDAQ:FWONK) posted its quarterly earnings results on Thursday. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.13), MarketWatch Earnings reports. Liberty Media Formula One Series C had a negative return on equity of 0.69% and a negative net margin of 8.21%. The firm had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $216.27 million.
Shares of FWONK stock traded down $0.69 during trading on Friday, reaching $38.52. The company had a trading volume of 1,421,868 shares, compared to its average volume of 593,811. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 0.33. Liberty Media Formula One Series C has a one year low of $27.51 and a one year high of $39.60. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of -59.26 and a beta of 1.07.
A number of research firms have recently weighed in on FWONK. Zacks Investment Research downgraded Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine downgraded Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th.
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About Liberty Media Formula One Series C
Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.
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