Formula One Group (FWONK) to Release Earnings on Thursday

Formula One Group (NASDAQ:FWONK - Get Free Report) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect Formula One Group to post earnings of $0.17 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Formula One Group (NASDAQ:FWONK - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.22). The company had revenue of $853.00 million for the quarter, compared to analyst estimates of $960.45 million. On average, analysts expect Formula One Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Formula One Group Stock Down 1.0 %

NASDAQ:FWONK traded down $0.82 during trading hours on Thursday, reaching $79.84. The company had a trading volume of 1,019,161 shares, compared to its average volume of 1,156,756. The business's 50-day simple moving average is $77.72 and its two-hundred day simple moving average is $75.00. Formula One Group has a twelve month low of $61.23 and a twelve month high of $82.23. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 58.88 and a beta of 0.04.

Insider Activity at Formula One Group

In related news, Director Andrea L. Wong sold 1,604 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total value of $76,045.64. Following the completion of the transaction, the director now directly owns 5,274 shares of the company's stock, valued at approximately $250,040.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Formula One Group news, CAO Brian J. Wendling sold 10,011 shares of Formula One Group stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $73.80, for a total transaction of $738,811.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea L. Wong sold 1,604 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $47.41, for a total transaction of $76,045.64. Following the completion of the sale, the director now directly owns 5,274 shares in the company, valued at approximately $250,040.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,817 shares of company stock worth $2,327,591. Company insiders own 4.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FWONK shares. StockNews.com raised shares of Formula One Group to a "sell" rating in a research report on Wednesday. Morgan Stanley increased their price objective on Formula One Group from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, September 23rd. Finally, UBS Group began coverage on Formula One Group in a research report on Thursday, October 17th. They set a "neutral" rating and a $85.00 target price on the stock.

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.