Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) posted its earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13), FiscalAI reports. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion.
Liberty Media Corporation – Liberty Formula One Series A Price Performance
Liberty Media Corporation – Liberty Formula One Series A stock traded up $1.29 during mid-day trading on Friday, reaching $101.01. 527,889 shares of the stock traded hands, compared to its average volume of 220,178. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $102.00. The business’s 50-day moving average is $86.89 and its 200-day moving average is $84.65. The stock has a market capitalization of $25.30 billion, a PE ratio of 127.57 and a beta of 0.52.
Wall Street Analyst Weigh In
FWONA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Finally, Guggenheim increased their target price on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and an average target price of $114.67.
Get Our Latest Research Report on Liberty Media Corporation – Liberty Formula One Series A
Liberty Media Corporation – Liberty Formula One Series A Company Profile
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.
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