Analysts Anticipate Liberty Media Corporation (LSXMA) to Announce $0.40 Earnings Per Share
Wall Street brokerages expect Liberty Media Corporation (NASDAQ:LSXMA) to report $0.40 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Liberty Media Corporation’s earnings, with estimates ranging from $0.39 to $0.41. Liberty Media Corporation reported earnings per share of $0.28 during the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is scheduled to report 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 earnings of $1.55 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $2.21 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Liberty Media Corporation.
A number of brokerages have issued reports on LSXMA. Pivotal Research lifted their price objective on 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. lifted their price objective on Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, Bank of America Corporation lifted their price objective on Liberty Media Corporation from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Liberty Media Corporation presently has a consensus rating of “Buy” and an average price target of $49.17.
Liberty Media Corporation (LSXMA) traded down 0.14% during trading on Friday, hitting $42.06. 305,644 shares of the stock traded hands. Liberty Media Corporation has a one year low of $31.83 and a one year high of $46.43. The stock has a market cap of $14.13 billion, a PE ratio of 30.57 and a beta of 2.57. The company has a 50-day moving average price of $42.72 and a 200 day moving average price of $42.72.
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In other news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the sale, the director now directly owns 823 shares in the company, valued at $30,055.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark D. Carleton sold 19,843 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $40.91, for a total value of $811,777.13. Following the completion of the sale, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $409,100. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,170,487 shares of company stock valued at $47,776,634.
Several large investors have recently made changes to their positions in the company. Berkshire Hathaway Inc. increased its stake in shares of Liberty Media Corporation by 45.0% in the second quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after buying an additional 4,612,560 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Liberty Media Corporation by 0.8% in the second quarter. Vanguard Group Inc. now owns 9,003,872 shares of the technology company’s stock valued at $377,983,000 after buying an additional 69,846 shares in the last quarter. BlackRock Inc. increased its stake in shares of Liberty Media Corporation by 5,832.2% in the first quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock valued at $245,359,000 after buying an additional 6,197,849 shares in the last quarter. Gruss Capital Management LP acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at $41,077,000. Finally, Numeric Investors LLC increased its stake in shares of Liberty Media Corporation by 4,638.8% in the second quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after buying an additional 765,395 shares in the last quarter. Institutional investors own 24.67% of the company’s stock.
Liberty Media Corporation Company Profile
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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