Formula One Group (FWONK) Set to Announce Quarterly Earnings on Thursday

Formula One Group (NASDAQ:FWONK) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Formula One Group (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 0.3 %

FWONK opened at $80.66 on Thursday. Formula One Group has a 12 month low of $61.23 and a 12 month high of $82.23. The company has a fifty day simple moving average of $77.67 and a 200 day simple moving average of $74.96. The stock has a market cap of $18.96 billion, a P/E ratio of 58.88 and a beta of 0.04.

Insider Transactions at Formula One Group

In other news, insider Renee L. Wilm sold 19,202 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $78.78, for a total transaction of $1,512,733.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Andrea L. Wong sold 1,604 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 5,274 shares in the company, valued at approximately $250,040.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 19,202 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $78.78, for a total transaction of $1,512,733.56. The disclosure for this sale can be found here. Insiders sold a total of 30,817 shares of company stock worth $2,327,591 in the last three months. Insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONK has been the subject of a number of research reports. Morgan Stanley increased their target price on Formula One Group from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. UBS Group initiated coverage on Formula One Group in a report on Thursday, October 17th. They set a “neutral” rating and a $85.00 target price for the company. Finally, StockNews.com upgraded Formula One Group to a “sell” rating in a report on Wednesday.

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.