Zacks: Brokerages Anticipate Liberty Media Corporation (BATRK) to Post $0.09 Earnings Per Share
Equities analysts forecast that Liberty Media Corporation (NASDAQ:BATRK) will post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Liberty Media Corporation’s earnings. Liberty Media Corporation posted earnings of ($0.45) per share during the same quarter last year, which suggests a positive year over year growth rate of 120%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 14th.
On average, analysts expect that Liberty Media Corporation will report full year earnings of ($0.55) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.40) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Liberty Media Corporation.
Several research analysts recently weighed in on BATRK shares. Zacks Investment Research raised shares of Liberty Media Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, July 5th. Morgan Stanley reissued an “underweight” rating and issued a $22.00 target price (up previously from $17.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st.
Shares of Liberty Media Corporation (NASDAQ BATRK) traded down 0.12% during midday trading on Friday, hitting $24.35. 176,410 shares of the company were exchanged. The company has a 50-day moving average price of $24.52 and a 200-day moving average price of $23.37. Liberty Media Corporation has a 52-week low of $16.18 and a 52-week high of $25.97. The stock’s market capitalization is $1.20 billion.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EastBay Asset Management LLC increased its position in shares of Liberty Media Corporation by 12.7% in the second quarter. EastBay Asset Management LLC now owns 1,590,044 shares of the financial services provider’s stock valued at $38,114,000 after buying an additional 179,345 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Liberty Media Corporation by 9.7% in the second quarter. Vanguard Group Inc. now owns 1,495,402 shares of the financial services provider’s stock valued at $35,845,000 after buying an additional 132,529 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Liberty Media Corporation by 68.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,422,242 shares of the financial services provider’s stock valued at $34,091,000 after buying an additional 579,042 shares during the last quarter. Park West Asset Management LLC purchased a new position in shares of Liberty Media Corporation during the first quarter valued at $27,141,000. Finally, Eagle Asset Management Inc. increased its position in shares of Liberty Media Corporation by 1.3% in the second quarter. Eagle Asset Management Inc. now owns 825,457 shares of the financial services provider’s stock valued at $19,786,000 after buying an additional 10,918 shares during the last quarter. 72.96% of the stock is owned by hedge funds and other institutional investors.
About Liberty Media Corporation
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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