B. Riley Weighs in on Liberty Media Co. – Series A Liberty Formula One’s Q1 2018 Earnings (NASDAQ:FWONA)

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) – Analysts at B. Riley increased their Q1 2018 earnings per share estimates for Liberty Media Co. – Series A Liberty Formula One in a research report issued on Tuesday, March 13th, Zacks Investment Research reports. B. Riley analyst B. Crockett now forecasts that the company will post earnings per share of ($0.80) for the quarter, up from their prior forecast of ($0.88). B. Riley also issued estimates for Liberty Media Co. – Series A Liberty Formula One’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.27) EPS and FY2018 earnings at ($0.71) EPS.

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Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, March 1st. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $2.03. Liberty Media Co. – Series A Liberty Formula One had a net margin of 14.30% and a return on equity of 1.19%. The firm had revenue of $570.00 million during the quarter, compared to analysts’ expectations of $565.00 million.

Several other analysts have also recently commented on FWONA. Zacks Investment Research upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Citigroup restated a “buy” rating and set a $44.00 target price on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Friday, December 22nd. Morgan Stanley upgraded shares of Liberty Media Co. – Series A Liberty Formula One from an “equal” rating to a “weight” rating in a report on Tuesday, January 30th. Finally, FBN Securities upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.57.

Shares of NASDAQ FWONA traded down $0.52 during midday trading on Thursday, hitting $28.39. The company had a trading volume of 243,906 shares, compared to its average volume of 362,487. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.58. Liberty Media Co. – Series A Liberty Formula One has a twelve month low of $27.22 and a twelve month high of $39.37. The stock has a market capitalization of $6,673.09, a price-to-earnings ratio of 23.46 and a beta of 1.44.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 3.1% during the third quarter. GSA Capital Partners LLP now owns 46,752 shares of the company’s stock worth $1,706,000 after buying an additional 1,400 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 0.9% during the third quarter. First Trust Advisors LP now owns 166,747 shares of the company’s stock worth $6,085,000 after buying an additional 1,567 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 6.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 30,206 shares of the company’s stock worth $1,102,000 after buying an additional 1,920 shares in the last quarter. Archon Partners LLC grew its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 13.3% during the fourth quarter. Archon Partners LLC now owns 17,000 shares of the company’s stock worth $556,000 after buying an additional 2,000 shares in the last quarter. Finally, Hosking Partners LLP grew its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 6.3% during the fourth quarter. Hosking Partners LLP now owns 45,431 shares of the company’s stock worth $1,487,000 after buying an additional 2,682 shares in the last quarter. Institutional investors and hedge funds own 10.09% of the company’s stock.

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Liberty Media Co. – Series A Liberty Formula One Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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Earnings History and Estimates for Liberty Media Co. - Series A Liberty Formula One (NASDAQ:FWONA)

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