Liberty Media Corporation – Liberty Formula One Series A (FWONA) Expected to Announce Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is anticipated to announce its results before the market opens on Thursday, November 5th. Analysts expect Liberty Media Corporation – Liberty Formula One Series A to post earnings of $0.5620 per share and revenue of $1.24 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $954.37 million.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.9%

Shares of NASDAQ:FWONA opened at $86.75 on Tuesday. The stock has a fifty day simple moving average of $86.98 and a two-hundred day simple moving average of $84.40. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $98.79. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 123.35 and a beta of 0.53.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FWONA. Guggenheim raised their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Finally, Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $114.67.

About Liberty Media Corporation – Liberty Formula One Series A

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.