Formula One Group (OTCMKTS:FWONB) Issues Earnings Results

Formula One Group (OTCMKTS:FWONB) posted its quarterly earnings data on Thursday. The company reported ($1.03) earnings per share (EPS) for the quarter, Zacks reports. Formula One Group had a net margin of 7.99% and a return on equity of 1.43%. The company had revenue of $1.07 billion during the quarter.

Formula One Group Trading Down 3.4 %

Shares of FWONB opened at $85.00 on Friday. Formula One Group has a twelve month low of $58.51 and a twelve month high of $88.00. The company has a market cap of $21.14 billion, a P/E ratio of 73.91 and a beta of 0.98. The company’s fifty day simple moving average is $84.24 and its 200-day simple moving average is $77.07.

About Formula One Group

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.