Formula One Group (FWONA) Set to Announce Earnings on Wednesday

Formula One Group (NASDAQ:FWONA) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Parties that are interested in participating in the company’s conference call can do so using this link.

Formula One Group (NASDAQ:FWONA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.39). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion.

Formula One Group Trading Down 0.4 %

NASDAQ:FWONA opened at $62.89 on Monday. The firm has a 50-day moving average price of $61.45 and a two-hundred day moving average price of $59.63. Formula One Group has a 52 week low of $55.08 and a 52 week high of $69.48.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $73.00 target price on shares of Formula One Group in a research note on Tuesday, April 2nd.

Insider Transactions at Formula One Group

In other news, major shareholder Berkshire Hathaway Inc acquired 311,637 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $25.47 per share, for a total transaction of $7,937,394.39. Following the completion of the transaction, the insider now owns 70,002,897 shares of the company’s stock, valued at $1,782,973,786.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 6,457,501 shares of company stock valued at $179,148,132 over the last three months. Company insiders own 4.83% of the company’s stock.

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.