Wall Street brokerages forecast that Liberty Media Formula One Series C (NASDAQ:FWONK) will post sales of $632.52 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Liberty Media Formula One Series C’s earnings, with the lowest sales estimate coming in at $629.00 million and the highest estimate coming in at $636.03 million. Liberty Media Formula One Series C posted sales of $647.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The business is expected to announce its next earnings report on Thursday, November 14th.

On average, analysts expect that Liberty Media Formula One Series C will report full-year sales of $2.03 billion for the current financial year, with estimates ranging from $2.02 billion to $2.04 billion. For the next year, analysts anticipate that the company will report sales of $2.16 billion, with estimates ranging from $2.14 billion to $2.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Liberty Media Formula One Series C.

A number of equities research analysts have issued reports on FWONK shares. B. Riley raised shares of Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and boosted their target price for the company from $35.00 to $46.00 in a report on Thursday, May 16th. Zacks Investment Research cut shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $50.00 in a report on Thursday. TheStreet raised shares of Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a report on Friday, May 17th. Finally, ValuEngine raised shares of Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Liberty Media Formula One Series C has an average rating of “Buy” and a consensus target price of $43.50.

FWONK stock traded up $0.18 during midday trading on Monday, reaching $41.01. 583,223 shares of the company’s stock traded hands, compared to its average volume of 914,254. The company has a 50-day moving average price of $39.08 and a two-hundred day moving average price of $36.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.44 and a current ratio of 0.49. Liberty Media Formula One Series C has a 52 week low of $27.51 and a 52 week high of $41.47. The firm has a market capitalization of $9.48 billion, a PE ratio of -63.09 and a beta of 0.98.

Several institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in shares of Liberty Media Formula One Series C by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 21,287 shares of the company’s stock worth $746,000 after purchasing an additional 327 shares during the period. S&CO Inc. increased its holdings in shares of Liberty Media Formula One Series C by 0.3% in the first quarter. S&CO Inc. now owns 123,229 shares of the company’s stock worth $4,319,000 after purchasing an additional 330 shares during the period. Twin Capital Management Inc. increased its holdings in shares of Liberty Media Formula One Series C by 0.4% in the first quarter. Twin Capital Management Inc. now owns 88,730 shares of the company’s stock worth $3,110,000 after purchasing an additional 330 shares during the period. Commerce Bank increased its holdings in shares of Liberty Media Formula One Series C by 5.6% in the second quarter. Commerce Bank now owns 7,495 shares of the company’s stock worth $280,000 after purchasing an additional 395 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in shares of Liberty Media Formula One Series C by 3.8% in the second quarter. IFM Investors Pty Ltd now owns 12,458 shares of the company’s stock worth $466,000 after purchasing an additional 458 shares during the period. 82.17% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Formula One Series C Company Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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