Formula One Group (FWONA) to Release Earnings on Thursday

Formula One Group (NASDAQ:FWONA - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.37 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Formula One Group Stock Down 1.7 %

Shares of Formula One Group stock traded down $1.53 on Friday, hitting $90.23. The company's stock had a trading volume of 100,239 shares, compared to its average volume of 94,514. The company has a market capitalization of $22.44 billion, a P/E ratio of 78.46 and a beta of 0.14. Formula One Group has a 52-week low of $57.43 and a 52-week high of $95.33. The firm has a fifty day moving average price of $86.67 and a 200-day moving average price of $78.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn cut Formula One Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 5th. Benchmark reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Formula One Group in a research report on Thursday, November 14th.

Insider Activity at Formula One Group

In other news, CEO Gregory B. Maffei sold 35,463 shares of Formula One Group stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the transaction, the chief executive officer now directly owns 1,240,785 shares of the company's stock, valued at approximately $88,753,351.05. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.83% of the stock is owned by corporate insiders.

Formula One Group 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.