Equities analysts expect that Liberty Media Formula One Series C (NASDAQ:FWONK) will post earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Liberty Media Formula One Series C’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at $0.14. Liberty Media Formula One Series C posted earnings per share of $0.18 in the same quarter last year, which suggests a negative year over year growth rate of 111.1%. The company is scheduled to issue its next earnings results on Thursday, November 14th.

On average, analysts expect that Liberty Media Formula One Series C will report full year earnings of ($1.00) per share for the current year, with EPS estimates ranging from ($1.21) to ($0.85). For the next year, analysts expect that the firm will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.53) to ($0.26). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Liberty Media Formula One Series C.

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

Several hedge funds have recently added to or reduced their stakes in FWONK. Icon Wealth Partners LLC bought a new stake in Liberty Media Formula One Series C during the first quarter worth about $28,000. Twin Tree Management LP bought a new stake in Liberty Media Formula One Series C during the first quarter worth about $79,000. Osborn Williams & Donohoe LLC bought a new stake in Liberty Media Formula One Series C during the first quarter worth about $93,000. Robeco Institutional Asset Management B.V. lifted its position in Liberty Media Formula One Series C by 17.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock worth $196,000 after purchasing an additional 779 shares during the period. Finally, LPL Financial LLC bought a new stake in Liberty Media Formula One Series C during the second quarter worth about $201,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Shares of NASDAQ FWONK opened at $40.91 on Friday. The firm has a market capitalization of $9.22 billion, a PE ratio of -62.94 and a beta of 0.98. The firm’s 50 day moving average price is $38.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.44 and a current ratio of 0.44. Liberty Media Formula One Series C has a 52-week low of $27.51 and a 52-week high of $41.47.

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.

Featured Article: What can cause a stock to outperform?

Get a free copy of the Zacks research report on Liberty Media Formula One Series C (FWONK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Liberty Media Formula One Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Formula One Series C and related companies with MarketBeat.com's FREE daily email newsletter.