Formula One Group (NASDAQ:FWONA - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Formula One Group to post earnings of $0.31 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Formula One Group (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.24). The company had revenue of $853.00 million during the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts expect Formula One Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Formula One Group Trading Down 0.6 %
FWONA traded down $0.47 during trading on Thursday, reaching $74.24. The stock had a trading volume of 51,085 shares, compared to its average volume of 100,537. Formula One Group has a one year low of $55.25 and a one year high of $76.25. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 54.53 and a beta of 0.09. The stock's 50 day moving average is $71.48 and its two-hundred day moving average is $68.26.
Analysts Set New Price Targets
Separately, Benchmark upped their price target on Formula One Group from $77.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 9th.
View Our Latest Report on Formula One Group
Insider Buying and Selling
In related news, insider Renee L. Wilm sold 19,202 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $78.78, for a total transaction of $1,512,733.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Brian J. Wendling sold 10,011 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $73.80, for a total value of $738,811.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 19,202 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $78.78, for a total value of $1,512,733.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,817 shares of company stock worth $2,327,591. 4.83% of the stock is owned by insiders.
About Formula One Group
(
Get Free Report)
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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