Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Issues Earnings Results

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

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.3%

Shares of NASDAQ FWONA traded up $1.29 during midday trading on Friday, reaching $101.01. The company’s stock had a trading volume of 527,889 shares, compared to its average volume of 220,178. The company has a 50 day moving average price of $86.89 and a 200 day moving average price of $84.65. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $102.00. The company has a market cap of $25.30 billion, a price-to-earnings ratio of 116.10 and a beta of 0.52.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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. Guggenheim upped their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $114.67.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights.

The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.

Liberty Media acquired Formula 1 in 2017.