Formula One Group (OTCMKTS:FWONB) Posts Quarterly Earnings Results

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

Formula One Group Trading Down 3.4 %

OTCMKTS:FWONB opened at $85.00 on Friday. The company has a market capitalization of $21.14 billion, a P/E ratio of 73.91 and a beta of 0.98. Formula One Group has a 12 month low of $58.51 and a 12 month high of $88.00. The business’s 50-day moving average is $84.24 and its 200 day 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.