Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Announces Quarterly Earnings Results

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) issued its quarterly earnings data on Thursday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.13), FiscalAI reports. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock traded up $1.29 on Friday, reaching $101.01. 527,889 shares of the company traded hands, compared to its average volume of 220,178. The firm has a fifty day simple moving average of $86.89 and a 200-day simple moving average of $84.65. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $102.00. The company has a market cap of $25.30 billion, a P/E ratio of 116.10 and a beta of 0.52.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FWONA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Guggenheim lifted 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 research report on Friday, August 14th. Finally, Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company 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 Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights.

The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.

Liberty Media acquired Formula 1 in 2017.