Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Posts Earnings Results, Misses Estimates By $0.13 EPS

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) released its quarterly earnings results on Thursday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13), FiscalAI reports. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA traded up $1.29 during midday trading on Friday, hitting $101.01. The stock had a trading volume of 527,889 shares, compared to its average volume of 220,178. The company has a market cap of $25.30 billion, a P/E ratio of 127.57 and a beta of 0.52. The business has a fifty day moving average of $86.89 and a 200 day moving average of $84.65. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $102.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FWONA. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, Guggenheim upped their target price on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A currently has an average rating of “Buy” and a consensus target price of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.