Brokerages predict that Liberty Media Corporation (NASDAQ:LSXMA) will report $1.38 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Liberty Media Corporation’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.36 billion. Liberty Media Corporation posted sales of $1.28 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, November 9th.

According to Zacks, analysts expect that Liberty Media Corporation will report full year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.40 billion to $5.51 billion. For the next year, analysts anticipate that the company will report sales of $5.76 billion per share, with estimates ranging from $5.71 billion to $5.80 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Liberty Media Corporation.

Several equities analysts have recently commented on LSXMA shares. Pivotal Research boosted their price target on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup Inc. boosted their price target on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.40.

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In related news, Chairman John C. Malone sold 306,842 shares of Liberty Media Corporation stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $42.88, for a total value of $13,157,384.96. Following the completion of the sale, the chairman now owns 15,080,919 shares of the company’s stock, valued at approximately $646,669,806.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 153,000 shares of Liberty Media Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.53, for a total transaction of $6,048,090.00. Following the completion of the sale, the chairman now directly owns 2,814,562 shares of the company’s stock, valued at approximately $111,259,635.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,170,487 shares of company stock valued at $47,753,954.

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its position in Liberty Media Corporation by 601.3% during the 1st quarter. Lazard Asset Management LLC now owns 50,500 shares of the technology company’s stock worth $1,965,000 after acquiring an additional 43,299 shares during the last quarter. Swiss National Bank lifted its position in Liberty Media Corporation by 3.8% during the 2nd quarter. Swiss National Bank now owns 336,252 shares of the technology company’s stock worth $14,116,000 after acquiring an additional 12,400 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Liberty Media Corporation during the 1st quarter worth $10,551,000. Vanguard Group Inc. lifted its position in Liberty Media Corporation by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock worth $347,713,000 after acquiring an additional 448,320 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Liberty Media Corporation by 509.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 14,970 shares of the technology company’s stock worth $628,000 after acquiring an additional 12,514 shares during the last quarter. 24.67% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation (NASDAQ LSXMA) opened at 44.09 on Thursday. The company has a 50 day moving average price of $42.52 and a 200 day moving average price of $42.52. Liberty Media Corporation has a 12 month low of $31.83 and a 12 month high of $44.18. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 32.04 and a beta of 2.57.

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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Earnings History and Estimates for Liberty Media Corporation (NASDAQ:LSXMA)

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